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4//SEC Filing

SEACOAST BANKING CORP OF FLORIDA 4

Accession 0001209191-16-139377

$SBCFCIK 0000730708operating

Filed

Aug 31, 8:00 PM ET

Accepted

Sep 1, 1:17 PM ET

Size

8.5 KB

Accession

0001209191-16-139377

Insider Transaction Report

Form 4
Period: 2016-08-31
FOWLE STEPHEN A
EVP & Chief Financial Officer
Transactions
  • Other

    Common Stock

    2016-08-31$16.45/sh+451.4$7,426451.4 total
Holdings
  • Common Stock

    34,223
  • Common Stock

    16,855
  • Common Stock Right to Buy

    Exercise: $14.82Exp: 2024-02-28Common Stock (14,170 underlying)
    14,170
Footnotes (6)
  • [F1]Acquisition of shares in Seacoast Stock Fund in Company's Retirement Savings Plan
  • [F2]Held in Company's Retirement Savings Plan
  • [F3]Represents unvested shares in a time-based restricted stock award granted under Seacoast's 2013 Long-Term Incentive Plan on May 12, 2015 ("Grant Date"). As long as Mr. Fowle remains employed by the Company, one-half of these shares shall vest on March 15, 2017, and the remaining shares shall vest on March 15, 2018.
  • [F4]Held jointly with spouse
  • [F5]Granted pursuant to Seacoast Banking Corporation of Florida's 2013 Incentive Plan
  • [F6]Two tiered vesting. First, performance vesting must be met which requires that: 1) the market price of Seacoast common stock increase to 120% or more of the exercise price; and 2) Seacoast's Tier 1 Capital must be equal to or greater than the regulatory standard. Once performance criteria is met, option shall vest in equal installments at the end of each month over the next 48 months, provided that Optionee remains in Continuous Service on each applicable vesting date.

Issuer

SEACOAST BANKING CORP OF FLORIDA

CIK 0000730708

Entity typeoperating
IncorporatedFL

Related Parties

1
  • filerCIK 0000730708

Filing Metadata

Form type
4
Filed
Aug 31, 8:00 PM ET
Accepted
Sep 1, 1:17 PM ET
Size
8.5 KB