Strickland O Jean 4
4 · SEACOAST BANKING CORP OF FLORIDA · Filed Feb 11, 2009
Insider Transaction Report
Form 4
Strickland O Jean
Exec. VP & Pres. of Subsidiary
Transactions
- Small Acquisition
Common Stock
2009-01-31$4.36/sh+11$48→ 4,858 total - Other
Common Stock
2009-02-05−4,858→ 0 total - Other
Common Stock
2009-02-05+4,858→ 42,168 total
Holdings
- 220
Common Stock
- 9,772.278
Common Stock
- 57,385
Stock-settled Stock Appreciation Right
Exercise: $22.22From: 2009-04-02Exp: 2017-04-02→ Common Stock (57,385 underlying) - 18,200
Stock-settled Stock Appreciation Right
Exercise: $26.72From: 2008-05-16Exp: 2016-05-16→ Common Stock (18,200 underlying) - 11,000
Common Stock Right to Buy
Exercise: $17.08From: 2004-11-17Exp: 2013-11-17→ Common Stock (11,000 underlying) - 4,000
Common Stock Right to Buy
Exercise: $22.40From: 2005-12-21Exp: 2014-12-21→ Comomon Stock (4,000 underlying) - 1,100
Common Stock
Footnotes (10)
- [F1]Automatic dividend reinvestment of shares held in Employee Stock Purchase Plan
- [F10]Vests over 5 years at the rate of 20% on the first anniversary of the date of grant and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continued employment.
- [F2]Represent shares held in the Company's Employee Stock Purchase Plan
- [F3]Moved shares from Employee Stock Purchase Plan into joint account with spouse
- [F4]Shares held jointly with spouse
- [F5]Represent unvested shares in a time-based restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest, subject to continued employment, on December 21, 2009
- [F6]Represent shares held in the Company's Profit Sharing Plan of December 31, 2008
- [F7]Represents 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. Restricted stock awards vest based on achievement of EPS targets compared to the prior fiscal year: 38% EPS growth=25% vesting; 50% growth 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.
- [F8]Granted pursuant to Seacoast Banking Corporation of Florida's 2000 Long-Term Incentive Plan.
- [F9]Vest over five years in 25% increments beginning on the second anniversary of the date of grant (the date indicated) and each of the following three anniversaires thereafter, subject to continued employment.