GILBERT A DOUGLAS 5
5 · SEACOAST BANKING CORP OF FLORIDA · Filed Feb 10, 2009
Insider Transaction Report
Form 5
GILBERT A DOUGLAS
DirectorPres. & Chief Operating Off.
Transactions
- Disposition to Issuer
Common Stock
2008-12-31−35,000→ 13,000 total - Gift
Common Stock
2008-11-05−32,643→ 900 total - Gift
Common Stock
2008-11-05+32,643→ 71,434 total(indirect: By Spouse)
Holdings
- 19,820
Common Stock
- 3,760
Common Stock
- 9,160.703
Common Stock
- 2,600
Common Stock
Footnotes (8)
- [F1]Gifted shares to spouse
- [F2]Held jointly with spouse
- [F3]Performance-based restricted stock that did not vest during the performance period and was forfeited.
- [F4]Represents 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, 2005. Restricted stock awards vest based on achievement of EPS targets compared to the prior fiscal year. 38% EPS growth =25% vesting; 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]Held in IRA
- [F6]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.
- [F7]Represent shares held in the Company's Profit Sharing Plan as of December 31, 2008.
- [F8]Represents unvested shares in a time-based restricted stock award granted on 12/21/2004 under Seacoast's 2000 Long-Term Incentive Plan which shall vest, subject to continued employment, on 12/21/2009.