Sec Form 4 Filing - CROSS CHARLES K JR. @ SEACOAST BANKING CORP OF FLORIDA - 2020-04-01

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
CROSS CHARLES K JR.
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
_____ Officer (give title below) X __ Other (specify below)
EVP of subsidiary
(Last) (First) (Middle)
SEACOAST BANKING CORPORATION OF FLORIDA, P. O. BOX 9012
3. Date of Earliest Transaction (MM/DD/YY)
04/01/2020
(Street)
STUART, FL34995
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 04/02/2020 F 1,051 D $ 18.22 2,751 D ( 1 )
Common Stock 04/01/2020 F 1,152 D $ 17.82 0 D ( 2 )
Common Stock 04/01/2020 A 3,156 A $ 17.82 3,156 D ( 3 )
Common Stock 54,313 D
Common Stock 2,044 D ( 4 )
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 Underl ying 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
Common Stock Right to Buy ( 5 ) $ 31.15 ( 6 ) 04/02/2028 Common Stock 16,425 16,425 D
Common Stock Right to Buy ( 5 ) $ 28.69 ( 6 ) 04/03/2027 Common Stock 24,738 24,738 D
Common Stock Right to Buy ( 5 ) $ 14.82 ( 7 ) 02/28/2024 Common Stock 24,561 24,561 D
Common Stock Right to Buy ( 5 ) $ 12.63 ( 8 ) 01/29/2023 Common Stock 9,875 9,875 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CROSS CHARLES K JR.
SEACOAST BANKING CORPORATION OF FLORIDA
P. O. BOX 9012
STUART, FL34995
EVP of subsidiary
Signatures
/s/ Dennis S. Hudson, III as Power of Attorney for Charles K. Cross, Jr. 04/03/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents shares of restricted stock units ("RSUs") granted on April 2, 2018. One-third of the shares vest on each of April 2, 2019, 2020 and 2021, provided the recipient remains in continuous service with the Company on each such vesting date.
( 2 )Represents shares subject to performance-contingent restricted stock units ("RSUs") granted on April 1, 2017. One-third of the shares vest on each of April 1, 2018, 2019 and 2020, provided the recipient remains in continuous service with the Company on each such vesting date.
( 3 )Represents unvested time-based restricted stock award granted on April 1, 2020, which shall vest over 3 years in one-third increments, beginning April 1, 2021, and on each anniversary thereafter, subject to continued employment.
( 4 )Represents unvested time-based restricted stock award granted on December 30, 2019, which shall vest over 3 years in one-third increments, beginning December 30, 2020, and on each anniversary thereafter, subject to continued employment.
( 5 )Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan.
( 6 )Vests over 3 years in one-third increments each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continuous employment on each vesting date and the Company's banking subsidiary meets certain capital requirements.
( 7 )Originally had two tiered vesting. Performance criteria was met and time-based vesting began on 12/1/2016. Option vests in equal installments at the end of each month over the next 48 months, provided that Optionee remains in continuous service on each applicable vesting date.
( 8 )Originally had two tiered vesting. Performance criteria was met and time-based vesting began on 7/1/15. Option vests in equal installments at the end of each month over the next 48 months, provided that Optionee remains in continuous service on each applicable vesting date.

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