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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Common Stock Right to Buy (8) | $ 6.5909 | 06/18/2000 | 06/17/2006 | Common Stock | 18,770.4 | 18,770.4 | D | ||||||||
Common Stock Right to Buy (8) | $ 7.7273 (9) | 05/20/2001 | 05/20/2007 | Common Stock | 19,800 | 19,800 | D | ||||||||
Common Stock Right to Buy | $ 8.7879 (10) | 07/01/1999 | 06/30/2008 | Common Stock | 72,600 | 72,600 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
GILBERT A DOUGLAS SEACOAST BANKING CORP. OF FLORIDA P.O. BOX 9012 STUART, FL 34995 |
X | Pres. & Chief Operating Off. |
Sharon Mehl as Power of Attorney for A. Douglas Gilbert | 01/04/2006 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Disposition to ex-wife by legal decree under divorce agreement |
(2) | 21,000 shares represent unvested shares in a time-based restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest in 7,000 share increments on each anniversary of the date of grant (11/17/03), subject to continued employment. Another 10,400 shares represent unvested shares in a tim-based restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest, subject to continued employment, in 2,600 share increments on each aniversary of the date of grant (12/21/04). |
(3) | Gifted to Spouse |
(4) | 35,000 shares represent an unvested performance based restricted stock award (RSA) granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest, subject to continued employment, over a 5-yr performance period beginning Jan.1, 2004. Another 13,000 shares represent a RSA granted under the 2000 Incentive Plan which shall vest, subject to continued employment, over a 5-yr performance period beginning Jan.1, 2005. Both RSAs vest based on achievement of Company EPS growth targets compared to the prior fiscal year's EPS: 38% EPS growth=25% vesting; 50% EPS growth=50% vesting; 75% EPS growth=75% vesting; 85% EPS growth=100% vesting. Notwithstanding the above schedule, 100% of the award will 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. |
(5) | Held in IRA |
(6) | Held jointly with spouse |
(7) | Represent shares held in the Company's Profit Sharing Plan as of September 30, 2005. |
(8) | Granted pursuant to Seacoast Banking Corportion of Florida's 1996 Long-Term Incentive Plan |
(9) | The Form 4 filing software only allows for numbers to be expressed up to four decimal places. The actual price of the stock options is $7.72727. |
(10) | The Form 4 filing software only allows for numbers to be expressed up to four decimal places. The actual price of the stock options is $8.787879. |