SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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*
Shuckhart Alma R
(Last) (First) (Middle)
99451 OVERSEAS HIGHWAY
P.O. BOX 2808
(Street)
KEY LARGO FL 33037
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
10/23/2006 		3. Issuer Name and Ticker or Trading Symbol
TIB FINANCIAL CORP. [ TIBB ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
TIB Bank CEO SW Florida Region
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $.10 par value 565(1) D
Common Stock, $.10 par value 6,060(2) D
Common Stock, $.10 par value 5,639 I 401(K) ESOP
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock, $.10 par value 03/24/2006(3) 03/24/2008 Common Stock 1,600 $13.5 D
Common Stock, $.10 par value 03/24/2007 03/24/2008 Common Stock 400 $13.5 D
Common Stock, $.10 par value 11/28/2005(4) 11/28/2010 Common Stock 2,500 $10.5 D
Common Stock, $.10 par value 11/28/2006 11/28/2010 Common Stock 500 $10.5 D
Common Stock, $.10 par value 11/28/2007 11/28/2010 Common Stock 500 $10.5 D
Common Stock, $.10 par value 11/28/2008 11/28/2010 Common Stock 500 $10.5 D
Common Stock, $.10 par value 11/28/2009 11/28/2010 Common Stock 1,000 $10.5 D
Common Stock, $.10 par value 03/26/2006(5) 03/26/2012 Common Stock 8,000 $12.4 D
Common Stock, $.10 par value 03/26/2007 03/26/2012 Common Stock 2,000 $12.4 D
Common Stock, $.10 par value 03/26/2008 03/26/2012 Common Stock 2,000 $12.4 D
Common Stock, $.10 par value 03/26/2009 03/26/2012 Common Stock 2,000 $12.4 D
Common Stock, $.10 par value 03/26/2010 03/26/2012 Common Stock 2,000 $12.4 D
Common Stock, $.10 par value 03/26/2011 03/26/2012 Common Stock 4,000 $12.4 D
Common Stock, $.10 par value 01/25/2006(6) 01/25/2015 Common Stock 800 $25.24 D
Common Stock, $.10 par value 01/25/2007 01/25/2015 Common Stock 800 $25.24 D
Common Stock, $.10 par value 01/25/2008 01/25/2015 Common Stock 800 $25.24 D
Common Stock, $.10 par value 01/25/2009 01/25/2015 Common Stock 800 $25.24 D
Common Stock, $.10 par value 01/25/2010 01/25/2015 Common Stock 800 $25.24 D
Explanation of Responses:
1. 565 Restricted Shares were granted on 3/3/06 to vest over a 5 year period. March 3, 2007 113 shares March 3, 2008 113 shares March 3, 2009 113 shares March 3, 2010 113 shares March 3, 2011 113 shares
2. 6,060 shares are owned jointly with spouse, Rodney Shuckhart as JTWRS
3. 2,000 stock option shares granted 3/24/1998 valued at $13.50 per share vesting over nine years expiring March 24, 2008 Vesting 200 shares annually 3/24/1999, 3/24/2000, 3/24/2001, 3/24/2002, 3/24/2003, 3/24/2004, 3/24/2005, 3/24/2006 and 400 shares vesting 3/24/2007.
4. 5,000 stock option shares granted 11/28/2000 valued at $10.50 per share vesting over nine years expirirng November 28, 2010 Vesting 500 shares annually 11/28/2001, 11/28/2002, 11/28/2003, 11/28/2004, 11/28/2005, 11/28/2006, 11/28/2007, 11/28/2008, and 1,000 shares vesting 11/28/2009.
5. 20,000 stock option shares granted 3/26/2002 valued at $12.40 per share vesting over nine years expiring March 26, 2012 Vesting 2,000 shares annually 3/26/2003, 3/26/2004, 3/26/2005, 3/26/2006, 3/26/2007, 3/26/2008, 3/26/2009, 3/26/2010 and 4,000 shares vesting 3/26/2011.
6. 4,000 stock option shares granted 1/25/05 valued at $25.24 per share vesting over five years expiring January 25, 2015 Vesting 800 shares annually 1/25/2006, 1/25/2007, 1/25/2008, 1/25/2009, 1/25/2010.
Remarks:
The promotion of Mrs. Shuckhart's new position within the company to CEO of the Southwest Florida Region of TIB BANK, effective October 15, 2006, was announced by PR Newswire on October 17, 2006. A Two-For-One Stock Split was announced on September 27, 2006 by PR Newswire. All stock owned and stock option grants will split 2-for-1 on October 23, 2006 and the stock will begin trading on NASDAQ on a split-adjusted basis on October 24, 2006. In addition, all stock option grants will be split-adjusted. The stock split record date was October 10, 2006.
Vicki L. Walker, Attorney-in-Fact for Alma R. Shuckhart 10/23/2006
** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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