SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Shuckhart Alma R
(Last) (First) (Middle)
99451 OVERSEAS HIGHWAY
P.O. BOX 2808
(Street)
KEY LARGO FL 33037
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TIB FINANCIAL CORP. [ TIBB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
TIB Bank EVP/Pres. SW Fl Reg.
3. Date of Earliest Transaction (Month/Day/Year)
02/13/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $.10 par value 02/13/2007 M 3,200(1) A $6.75 33,116 D
Common Stock, $.10 par value 02/13/2007 M 6,000(1) A $5.25 33,116 D
Common Stock, $.10 par value 02/13/2007 M 10,000(1) A $6.2 33,116 D
Common Stock, $.10 par value 11,293 I ESOP
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 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: 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
Stock Options $6.75 03/24/2007 03/24/2008 Common Stock 800(2) 800 D
Stock Options $5.25 11/28/2007 11/28/2010 Common Stock 1,000(3) 1,000 D
Stock Options $5.25 11/28/2008 11/28/2010 Common Stock 1,000(3) 1,000 D
Stock Options $5.25 11/28/2009 11/28/2010 Common Stock 2,000(3) 2,000 D
Stock Options $6.2 03/26/2007 03/26/2012 Common Stock 4,000(4) 4,000 D
Stock Options $6.2 03/26/2008 03/26/2012 Common Stock 4,000(4) 4,000 D
Stock Options $6.2 03/26/2009 03/26/2012 Common Stock 4,000(4) 4,000 D
Stock Options $6.2 03/26/2010 03/26/2012 Common Stock 4,000(4) 4,000 D
Stock Options $6.2 03/26/2011 03/26/2012 Common Stock 8,000(4) 8,000 D
Stock Options $12.62 01/25/2006 01/25/2015 Common Stock 1,600(5) 1,600 D
Stock Options $12.62 01/25/2007 01/25/2015 Common Stock 1,600(5) 1,600 D
Stock Options $12.62 01/25/2008 01/25/2015 Common Stock 1,600(5) 1,600 D
Stock Options $12.62 01/25/2009 01/25/2015 Common Stock 1,600(5) 1,600 D
Stock Options $12.62 01/25/2010 01/25/2015 Common Stock 1,600(5) 1,600 D
Explanation of Responses:
1. Mrs. Shuckhart exercised 19,200 stock options: 3,200 @ $6.75 = $21,600; 6,000 @ $5.25 = $31,500; 10,000 @ $6.20 = $62,000; Totaling $115,100 and are being held with her spouse, Rodney M. Shuckhart JTWROS
2. 4,000 stock option shares granted 3/24/1998 at $6.75 per share vesting over nine years expiring March 24, 2008 vesting 400 shares annually and 800 shares vesting 3/24/2007.
3. 10,000 stock option shares granted 11/28/2000 at $5.25 per share vesting over nine years expiring November 28, 2010 vesting 1,000 shares annually and 2,000 shares 11/28/2009.
4. 40,000 stock option shares granted 3/26/2002 at $6.20 per share vesting over nine years expiring March 26, 2010 vesting 4,000 shares annually and 8,000 shares vesting 3/26/2011.
5. 8,000 stock option shares granted 1/25/2005 at $12.62 per share vesting over five years expiring Janaury 25, 2015 vesting 1,600 shares annually.
Remarks:
All stock owned and stock option grants split 2-for-1 October 23, 2006 and began trading on NASDAQ on a split-adjusted basis on October 24, 2006.
Vicki L. Walker, Attorney-In-Fact for Alma R. Shuckhart 02/13/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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