4//SEC Filing
SEACOAST BANKING CORP OF FLORIDA 4
Accession 0001209191-08-058202
$SBCFCIK 0000730708operating
Filed
Nov 2, 7:00 PM ET
Accepted
Nov 3, 8:54 AM ET
Size
12.2 KB
Accession
0001209191-08-058202
Insider Transaction Report
Form 4
GILBERT A DOUGLAS
DirectorPres. & Chief Operating Off.
Transactions
- Sale
Common Stock
2008-10-29$9.00/sh−4,300$38,700→ 33,543 total - Sale
Common Stock
2008-10-29$8.95/sh−20,000$179,000→ 37,843 total
Holdings
- 19,820
Common Stock
- 3,760
Common Stock
- 8,883.916
Common Stock
- 12,200
Common Stock
- 35,261(indirect: By Spouse)
Common Stock
- 48,000
Common Stock
Footnotes (5)
- [F1]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.
- [F2]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.
- [F3]Held in IRA
- [F4]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.
- [F5]Represents shares held in the Company's Profit Sharing Plan as of June 30, 2008.
Documents
Issuer
SEACOAST BANKING CORP OF FLORIDA
CIK 0000730708
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0000730708
Filing Metadata
- Form type
- 4
- Filed
- Nov 2, 7:00 PM ET
- Accepted
- Nov 3, 8:54 AM ET
- Size
- 12.2 KB