SEACOAST BANKING CORP OF FLORIDA 4
4 · SEACOAST BANKING CORP OF FLORIDA · Filed Sep 1, 2016
Insider Transaction Report
Form 4
FOWLE STEPHEN A
EVP & Chief Financial Officer
Transactions
- Other
Common Stock
2016-08-31$16.45/sh+451.4$7,426→ 451.4 total
Holdings
- 34,223
Common Stock
- 16,855
Common Stock
- 14,170
Common Stock Right to Buy
Exercise: $14.82Exp: 2024-02-28→ Common Stock (14,170 underlying)
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.