Sec Form 4 Filing - SHEAHAN DENIS K @ INDEPENDENT BANK CORP - 2015-03-19

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
SHEAHAN DENIS K
2. Issuer Name and Ticker or Trading Symbol
INDEPENDENT BANK CORP [ INDB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Operating Officer
(Last) (First) (Middle)
C/O INDEPENDENT BANK CORP, 288 UNION STREET
3. Date of Earliest Transaction (MM/DD/YY)
03/19/2015
(Street)
ROCKLAND, MA02370
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 03/19/2015 M 17,000 A $ 28.27 67,767.7843 ( 1 ) D
Common Stock 03/19/2015 F 12,745 D $ 43.85 55,022.7843 D
Common Stock 03/19/2015 M 10,000 A $ 32.995 65,022.7843 D
Common Stock 03/19/2015 F 8,250 D $ 43.85 56,772.7843 D
Common Stock 03/19/2015 M 6,500 A $ 27.425 63,272.7843 D
Common Stock 03/19/2015 F 4,785 D $ 43.85 58,487.7843 D
Common Stock 2,018.1238 ( 2 ) I By Filer f/b/o Sons
Common Stock 1,011.4104 ( 3 ) I by Filer f/b/o daughter
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
NQ Stock Option (Right to Buy) $ 28.27 03/19/2015 M 17,000 02/14/2009( 4 ) 03/31/2015 Common Stock 17,000 $ 0 0 D
NQ Stock Option (Right to Buy) $ 32.995 03/19/2015 M 10,000 02/15/2008( 5 ) 03/31/2015 Common Stock 10,000 $ 0 0 D
NQ Stock Option (Right to Buy) $ 27.425 03/19/2015 M 6,500 02/17/2012( 6 ) 03/31/2015 Common Stock 6,500 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SHEAHAN DENIS K
C/O INDEPENDENT BANK CORP
288 UNION STREET
ROCKLAND, MA02370
Chief Operating Officer
Signatures
Sarah E. Hutchings, Power of Attorney for Denis K. Sheahan 03/20/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Total Holdings include 10,643.1472 shares held in Filer's 401(k) account. On 2/23/15 there were excess funds returned to the Filer as a result of annual discrimination testing, which resulted in the cash out of approximately 70 shares as part of the return of the excess funds.
( 2 )Shares held in Filer's name f/b/o sons. The filing of this statement should not be construed as an admission that the undersigned is, for purposes of Section 16 of the Exchange Act, the beneficial owner of such securities.
( 3 )Shares held in Filer's name f/b/o daughter. The filing of this statement should not be construed as an admission that the undersigned is, for purposes of the Exchange Act, the beneficial owner of such securities.
( 4 )Granted under the Independent Bank Corp. 2005 Employee Stock Option Plan. 3400 shares became exercisable annually, beginning on February 14, 2009.
( 5 )Granted under the Independent Bank Corp. 2005 Employee Stock Option Plan. 2000 shares became exercisable annually, beginning on February 15, 2008.
( 6 )Granted under the Independent Bank Corp. 2005 Employee Stock Option Plan. 2167 shares became exercisable on February 17, 2012 and February 17, 2013, and the remainder of shares became exercisable on February 17, 2014.

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