Statement of Changes in Beneficial Ownership (4)
February 03 2021 - 6:47PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
HUDSON DENNIS S III |
2. Issuer Name and Ticker or Trading Symbol
SEACOAST BANKING CORP OF FLORIDA
[
SBCF
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Chairman |
(Last)
(First)
(Middle)
SEACOAST BANKING CORP. OF FLORIDA, P.O. BOX 9012 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/2/2021 |
(Street)
STUART, FL 34995
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 2/2/2021 | | S | | 8000 | D | $31.38 (1) | 171927 | D | |
Common Stock | | | | | | | | 3836 | D (2) | |
Common Stock | | | | | | | | 9356 | D (3) | |
Common Stock | | | | | | | | 11223 | D (4) | |
Common Stock | | | | | | | | 30603.729 | D (5) | |
Common Stock | | | | | | | | 18104 | D (6) | |
Common Stock | | | | | | | | 51416 | I | Held by Sherwood Partners, Ltd, family partnership |
Common Stock | | | | | | | | 31282 | I | Held by Spouse in Trust |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Common Stock Right to Buy (7) | $31.15 | | | | | | | (8) | 4/2/2028 | Common Stock | 55279 | | 55279 | D | |
Common Stock Right to Buy (7) | $28.69 | | | | | | | (8) | 4/3/2027 | Common Stock | 78021 | | 78021 | D | |
Common Stock Right to Buy (7) | $14.82 | | | | | | | (9) | 2/28/2024 | Common Stock | 51956 | | 51956 | D | |
Common Stock Right to Buy (7) | $12.63 | | | | | | | (10) | 1/28/2023 | Common Stock | 17975 | | 17975 | D | |
Common Stock Right to Buy (7) | $10.54 | | | | | | | 4/29/2015 (11) | 4/29/2024 | Common Stock | 50000 | | 50000 | D | |
Common Stock Right to Buy (7) | $11.00 | | | | | | | 6/28/2014 (12) | 6/27/2023 | Common Stock | 19400 | | 19400 | D | |
Explanation of Responses: |
(1) | The price reported in Column 4 is a weighted average price, of which 4,000 shares were sold at $31.4107 and another 4,000 shares were sold at $31.3584. The reporting person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price for this transaction. |
(2) | Represents unvested time-based restricted stock award granted on December 30, 2019, which shall vest over 3 years in one-third increments, beginning December 30, 2020, and on each anniversary thereafter, subject to continued employment. |
(3) | Held in IRA |
(4) | Represents unvested time-based restricted stock award granted on April 1, 2020, which shall vest over 3 years in one-third increments, beginning April 1, 2021, and on each anniversary thereafter, subject to continued employment. |
(5) | Represents shares held in the Company's Retirement Savings Plan as of December 31, 2020. |
(6) | Shares held jointly with spouse |
(7) | Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan |
(8) | Vests over 3 years in one-third increments each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continuous employment on each vesting date and the Company's banking subsidiary meets certain capital requirements. |
(9) | Originally had two tiered vesting. The performance criteria was met and the time-based vesting began on 12/1/2016. Option vests 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. |
(10) | Originally had two tiered vesting. Performance criteria was met and time-based vesting began on 7/1/15. Option vests 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. |
(11) | Vests over 3 years in one-third increments each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continued employment. |
(12) | Vests over 5 years at the rate of 20% on the first anniversary of the date of grant (the date indicated) and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continue employment. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
HUDSON DENNIS S III SEACOAST BANKING CORP. OF FLORIDA P.O. BOX 9012 STUART, FL 34995 | X |
| Executive Chairman |
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Signatures
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/s/ Dennis S. Hudson, III | | 2/3/2021 |
**Signature of Reporting Person | Date |
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