| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
TIB FINANCIAL CORP. [ TIBB ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/13/2007 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) 02/13/2007 |
6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 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 | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| 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 Number. | ||