4//SEC Filing
SEACOAST BANKING CORP OF FLORIDA 4
Accession 0001209191-08-031590
$SBCFCIK 0000730708operating
Filed
May 19, 8:00 PM ET
Accepted
May 20, 11:21 AM ET
Size
17.0 KB
Accession
0001209191-08-031590
Insider Transaction Report
Form 4
GILBERT A DOUGLAS
DirectorPres. & Chief Operating Off.
Transactions
- Other
Common Stock
2008-05-15−937→ 20,758 total - Tax Payment
Common Stock
2008-05-15$11.20/sh−249$2,789→ 20,509 total - Gift
Common Stock
2008-05-15−689→ 19,820 total
Holdings
- 12,200
Common Stock
- 8,138.561
Common Stock
- 3,760
Common Stock
- 69,888
Common Stock
- 36,300
Common Stock Right to Buy
Exercise: $8.79From: 1999-07-01Exp: 2008-06-30→ Common Stock (36,300 underlying) - 48,000
Common Stock
Footnotes (10)
- [F1]Disposition to ex-wife by legal decree under divorce agreement
- [F10]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]Represents unvested time-based restricted stock awards granted under Seacoast's 2000 Long-Term Incentive Plan which vest in 25% increments beginning on the second anniversary of the date of grant, and each of the three anniversaries thereafter, subject to continued employment.
- [F3]Vested restricted stock award gifted to wife
- [F4]Held jointly with spouse
- [F5]Held in IRA
- [F6]35,000 shares represent a performance based restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest, subject to continued employment, over a 5-year performance period beginning January 1, 2004. Another 13,000 shares represent a restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest, subject to continued employment, over a 5-year performance period beginning January 1, 2005. Both restricted stock awards vest based on achievement of EPS targets compared to the prior fiscal year. 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 performance based awards shall vest on the fifth anniversary of the grant date if the Company 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]7,000 shares represent unvested shares in time-based restricted stock award granted on 11/17/2003 under Seacoast's 2000 Long-Term Incentive Plan which shall vest in on 11/17/2008, subject to continued employment. Another 5,200 shares represent unvested shares in a tim-based restricted stock award granted on 12/21/2004 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.
- [F8]Represents shares held in the Company's Profit Sharing Plan as of September 30, 2007.
- [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 typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0000730708
Filing Metadata
- Form type
- 4
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 11:21 AM ET
- Size
- 17.0 KB