-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EsdQiy44d+an3xeKQqIPqN9BZxmrRZLoPgCZK27r4F9rqAGnUC/Zk4+xqTKTdncL pVnwcPPb9I2B9OZzNXYUXQ== 0001209191-06-028674.txt : 20060509 0001209191-06-028674.hdr.sgml : 20060509 20060509153552 ACCESSION NUMBER: 0001209191-06-028674 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060508 FILED AS OF DATE: 20060509 DATE AS OF CHANGE: 20060509 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SEACOAST BANKING CORP OF FLORIDA CENTRAL INDEX KEY: 0000730708 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 592260678 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 815 COLORADO AVE STREET 2: P O BOX 9012 CITY: STUART STATE: FL ZIP: 34994 BUSINESS PHONE: 5612874000 MAIL ADDRESS: STREET 1: 815 COLORADO AVE STREET 2: P O BOX 9012 CITY: STUART STATE: FL ZIP: 34995 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GILBERT A DOUGLAS CENTRAL INDEX KEY: 0001200658 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-13660 FILM NUMBER: 06820655 MAIL ADDRESS: STREET 1: 7379 RESERVE CREEK DRIVE CITY: PORT ST. LUCIE STATE: FL ZIP: 34986 4 1 doc4.xml FORM 4 SUBMISSION X0202 4 2006-05-08 0 0000730708 SEACOAST BANKING CORP OF FLORIDA SBCF 0001200658 GILBERT A DOUGLAS SEACOAST BANKING CORP. OF FLORIDA P.O. BOX 9012 STUART FL 34995 1 1 0 0 Pres. & Chief Operating Off. Common Stock 2006-05-08 4 M 0 9900 6.5909 A 20192 D Common Stock 2006-05-08 4 J 0 9900 0.00 D 10292 D Common Stock 31400 D Common Stock 48000 D Common Stock 20829 D Common Stock 7129.651 D Common Stock 795 I Held by Son Common Stock 58621 I Held by Spouse Common Stock 960 D Common Stock Right to Buy 6.5909 2006-05-08 4 X 0 9900 6.5909 D 2000-06-18 2006-06-17 Common Stock 9900 0 D Common Stock Right to Buy 7.7273 2001-05-20 2007-05-20 Common Stock 9900 9900 D Common Stock Right to Buy 8.7879 1999-07-01 2008-06-30 Common Stock 72600 72600 D The Form 4 filing software only allows for numbers to be expressed up to four decimal places. The actual exercise price is $6.590909. Disposition to ex-wife by legal decree under divorce agreement 21,000 shares represent unvested shares in a time-based restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest in 7,000 share increments on each anniversary of the date of grant (11/17/03), subject to continued employment. Another 10,400 shares 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, in 2,600 share increments on each anniversary of the date of grant (12/21/04). 35,000 shares represent a performance based 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, 2004. Another 13,000 shares represent 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. Both restricted stock awards vest based on achievement of EPS targets compared to the prior fiscal year. 38% EPS growth = 25% vesting; 50% EPS 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. Held jointly with spouse Represent shares held in the Company's Profit sharing Plan as of March 31, 2006. Held in IRA Granted pursuant to Seacoast Banking Corporation of Florida's 1996 Long-Term Incentive Plan. The Form 4 filing software only allows for numbers to be expressed up to four decimal places. The actual exercise price is $7.727273. The Form 4 filing software only allows for numbers to be expressed up to four decimal places. The actual exercise price is $8.787879. Sharon Mehl as Power of Attorney for A. Douglas Gilbert 2006-05-09 -----END PRIVACY-ENHANCED MESSAGE-----