4//SEC Filing
Holland H. Russell III 4
Accession 0001209191-12-042362
CIK 0000730708other
Filed
Aug 16, 8:00 PM ET
Accepted
Aug 17, 8:14 AM ET
Size
14.2 KB
Accession
0001209191-12-042362
Insider Transaction Report
Form 4
Holland H. Russell III
EVP & Chief Banking Officer
Transactions
- Tax Payment
Common Stock
2012-08-15$1.44/sh−919$1,323→ 47,961.895 total - Award
Common Stock
2012-08-15$1.44/sh+3,473$5,001→ 48,880.895 total
Holdings
- 55,810
Common Stock
- 4,106.795
Common Stock
- 2,000
Common Stock
- 3,000
Stock-settled Stock Appreciation Rights
Exercise: $27.36From: 2008-07-06Exp: 2016-07-06→ Common Stock (3,000 underlying) - 28,198
Stock-settled Stock Appreciation Rights
Exercise: $22.22From: 2009-04-02Exp: 2017-04-02→ Common Stock (28,198 underlying) - 1,090
Common Stock
- 521
Common Stock
Footnotes (10)
- [F1]Salary shares earned by Mr. Holland and granted on a monthly basis on the fifteen day of each month (or the previous business day if the fifteen day is not a business day). The number of salary shares granted to the executive each month is determined by dividing the portion of the executive's earned monthly salary to be paid in salary shares by the closing price of Seacoast common stock on NASDAQ on the Grant Date (with the result being rounded up to the nearest whole share). The salary shares earned were paid under the Company's 2000 Long-Term Incentive Plan.
- [F10]Vests over 5 years in 25% increments beginning on the second anniversary of the date of grant (date indicated) and then in 25% increments on each of the following three anniversaries thereafter, subject to continue employment.
- [F2]Held jointly with spouse
- [F3]Salary Shares sold to Company to pay associated tax liability
- [F4]Represents unvested shares in performance based restricted stock award granted under Seacoast's 2008 Long-Term Incentive Plan on August 23, 2011 ("Grant Date"). These awards are subject to compliance with the EESA, and will vest in their entirety on the later of: i) the fifth anniversary of the Grant Date, provided Mr. Holland is employed by the Company or a subsidiary on such date, and ii) the Company's attainment of an annual return on equity of 10% or more for any fiscal year starting after the Grant Date, subject to certification in writing by Seacoast's Salary & Benefits Committee.
- [F5]Held in Company's Employee Stock Purchase Plan as of December 31, 2011
- [F6]Represents shares held in Company's Retirement Savings Plan as of Mar. 31, 2012
- [F7]Held in revocable trust
- [F8]Held in IRA
- [F9]Granted pursuant to Seacoast Banking Corporation of Florida's 2000 Long-Term Incentive Plan
Documents
Issuer
SEACOAST BANKING CORP OF FLORIDA
CIK 0000730708
Entity typeother
Related Parties
1- filerCIK 0001423522
Filing Metadata
- Form type
- 4
- Filed
- Aug 16, 8:00 PM ET
- Accepted
- Aug 17, 8:14 AM ET
- Size
- 14.2 KB