SEC FORM 5

SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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).

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

Strickland O Jean

(Last)

(First)

(Middle)

C/O SEACOAST BANKING CORP. OF FLORIDA

P. O. BOX 9012

(Street)

STUART

34995

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SEACOAST BANKING CORP OF FLORIDA [ SBCF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Exec. VP & Pres. of Subsidiary

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2008

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 at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/14/2008		M4	18,100	A	$8.7879	37,310⁽¹⁾	D⁽²⁾
Common Stock	12/31/2008		D⁽³⁾	2,750	D	$0.00⁽³⁾	1,100	D⁽⁴⁾
Common Stock	01/31/2008		A⁽⁵⁾	60	A	$11.84	4,672	D⁽⁶⁾
Common Stock	04/30/2008		A⁽⁵⁾	75	A	$9.98	4,747	D⁽⁶⁾
Common Stock	06/30/2008		A⁽⁵⁾	1	A	$7.37	4,748	D⁽⁶⁾
Common Stock	07/31/2008		A⁽⁵⁾	94	A	$8.05	4,842	D⁽⁶⁾
Common Stock	09/30/2008		A⁽⁵⁾	5	A	$10.19	4,847	D⁽⁶⁾
Common Stock							220	D⁽⁷⁾
Common Stock							9,772.2775	D⁽⁸⁾

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)
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)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock Right to Buy⁽⁹⁾	$8.7879⁽¹⁰⁾	05/14/2008		4X		18,100	07/01/1999	06/30/2008	Common Stock	18,100	$8.7879⁽¹⁰⁾	0	D
Stock-settled Stock Appreciation Rights⁽¹¹⁾	$26.72						05/16/2008⁽¹²⁾	05/16/2016	Common Stock	18,200		18,200	D
Common Stock Right to Buy⁽¹¹⁾	$17.08						11/17/2004⁽¹³⁾	11/17/2013	Common Stock	11,000		11,000	D
Common Stock Right to Buy⁽¹¹⁾	$22.4						12/21/2005⁽¹³⁾	12/21/2014	Common Stock	4,000		4,000	D
Stock-settled Stock Appreciation Rights⁽¹¹⁾	$22.22						04/02/2009⁽¹²⁾	04/02/2017	Common Stock	57,385		57,385	D

Explanation of Responses:

1. Includes restricted stock that vested in 2008

2. Shares held jointly with spouse

3. Performance-based restricted stock that did not vest during the performance period and was forfeited.

4. Represents a restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest, subject to continued employment, over a 5-year performance period beginning January 1, 2005. Restricted stock awards vest based on achievement of EPS targets compared to the prior fiscal year: 38% EPS growth = 25% vesting; 50% growth = 50% vesting; 75% EPS growth = 75% vesting; 85% EPS growth = 100% vesting. Notwithstanding the above schedule, 100% of the performance based awards shall 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. Automatic dividend reinvestment of shares held in Employee Stock Purchase Plan

6. Represent shares held in the Company's Employee Stock Purchase Plan

7. Represent unvested shares in a time-based restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest, subject to continued employment, on December 21, 2009

8. Represent shares held in the Company's Profit Sharing Plan as of December 31, 2008

9. Granted pursuant to Seacoast Banking Corporation of Florida's 1996 Long-Term Incentive Plan.

10. The form 4 filing software only allows for numbers to be expressed up to four decimal places. The actual price of the stock option is $8.787879.

11. Granted pursuant to Seacoast Banking Corporation of Florida's 2000 Long-Term Incentive Plan.

12. Represents stock-settled stock appreciation rights which will vest over five years in 25% increments beginning on the second anniversary of the date of grant (the date indicated)and each of the following three anniversaries thereafter, subject to continued employment

13. Vests over 5 years at the rate of 20% on the first anniversary of the date of grant and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continued employment.

Remarks:

	Sharon Mehl as power of attorney for O. Jean Strickland	02/11/2009
	** 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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