4//SEC Filing
GILBERT A DOUGLAS 4
Accession 0001209191-06-066621
CIK 0000730708other
Filed
Dec 21, 7:00 PM ET
Accepted
Dec 22, 8:42 AM ET
Size
18.9 KB
Accession
0001209191-06-066621
Insider Transaction Report
Form 4
GILBERT A DOUGLAS
DirectorPres. & Chief Operating Off.
Transactions
- Other
Common Stock
2006-12-21−1,300→ 21,800 total - Gift
Common Stock
2006-12-21−844→ 23,100 total - Tax Payment
Common Stock
2006-12-21$24.26/sh−456$11,063→ 23,944 total
Holdings
- 2,060
Common Stock
- 72,600
Common Stock Right to Buy
Exercise: $8.79From: 1999-07-01Exp: 2008-06-30→ Common Stock (72,600 underlying) - 48,000
Common Stock
- 9,900
Common Stock Right to Buy
Exercise: $7.73From: 2001-05-20Exp: 2007-05-20→ Common Stock (9,900 underlying) - 10,292
Common Stock
- 7,500
Common Stock
- 20,829
Common Stock
- 7,277.14
Common Stock
Footnotes (11)
- [F1]14,000 shares represent unvested shares in a time-based restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest in 7,000 share increments on each anniversary of the date of grant (11/17/03), subject to continued employment. Another 7,800 shares represent unvested shares in a tim-based restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest, subject to continued employment, in 2,600 share increments on each aniversary of the date of grant (12/20/04).
- [F10]The Form 4 filing software only allows for numbers to be expressed up to four decimal places. The actual price of the stock options is $7.72727.
- [F11]The Form 4 filing software only allows for numbers to be expressed up to four dcimal places. The actual price of the stock option is $8.787879.
- [F2]Gifted to spouse
- [F3]Disposition to ex-wife by legal decree under divorce agreement
- [F4]Held in IRA
- [F5]Represents a time-based restricted stock award granted on 5/16/06 under Seacoast's 2000 Long-Term Incentive Plan which shall vest in 25% increments beginning on the second anniversary of the date of the grant, and each of three anniversaries thereafter, subject to continued employment.
- [F6]Represents unvested shares in performance based restricted stock awards granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest, subject to continued employment, over a 5-year performance period beginning the fiscal year after the award was granted as to the following percentage of shares based on Seacoast's EPS growth over the performance period compared to the prior fiscal year's EPS: 38% EPS growth=25% vesting; 50% EPS growth=50% vesting; 75% EPS growth=75% vesting; 85% EPS growth=100% vesting. Notwithstanding the above schedule, 100% of the award will vest on the fifth anniversary of the grant date if Seacoast achieves an ROE of at least 16.5% for 3 consecutive quarters during the performance period, regardless of whether the EPS targets are met.
- [F7]Held jointly with spouse
- [F8]Represent shares held in Company's Profit Sharing Plan as of September 30, 2006.
- [F9]Granted pursuant to Seacoast Banking Corportion of Florida's 1996 Long-Term Incentive Plan
Documents
Issuer
SEACOAST BANKING CORP OF FLORIDA
CIK 0000730708
Entity typeother
Related Parties
1- filerCIK 0001200658
Filing Metadata
- Form type
- 4
- Filed
- Dec 21, 7:00 PM ET
- Accepted
- Dec 22, 8:42 AM ET
- Size
- 18.9 KB