SEC Form 5
FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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).
  
 Form 3 Holdings Reported.
  
 Form 4 Transactions Reported.
1. Name and Address of Reporting Person*
Shuckhart Alma R
(Last) (First) (Middle)
599 9TH STREET NORTH
SUITE 101
(Street)
NAPLES FL 34102
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TIB FINANCIAL CORP. [ TIBB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
TIB Bank Sr EVP/CCO
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2009
4. 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 Acquired, Disposed of, or Beneficially Owned
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 at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount (A) or (D) Price
Common Stock, $.10 par value 12/31/2009 J 1,011(1) A $0.00 34,532 D
Common Stock, $.10 par value 12/31/2009 J 479(2) A $0.00 12,302 I ESOP
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 (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)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options $4.949 11/28/2009 11/28/2010 Common Stock 4,246(3) 4,246 D
Stock Options $5.8428 03/26/2009 03/26/2012 Common Stock 12,738(4) 12,738 D
Stock Options $5.8428 03/26/2010 03/26/2012 Common Stock 4,246(4) 4,246 D
Stock Options $5.8428 03/26/2011 03/26/2012 Common Stock 8,490(4) 8,490 D
Stock Options $11.8872 01/25/2010 01/25/2015 Common Stock 8,492(5) 8,492 D
Stock Options $7.8896 03/25/2009 03/25/2018 Common Stock 1,145(6) 1,145 D
Stock Options $7.8896 03/25/2010 03/25/2018 Common Stock 1,145(6) 1,145 D
Stock Options $7.8896 03/25/2011 03/25/2018 Common Stock 1,145(6) 1,145 D
Stock Options $7.8896 03/25/2012 03/25/2018 Common Stock 1,145(6) 1,145 D
Stock Options $7.8896 03/25/2013 03/25/2018 Common Stock 1,144(6) 1,144 D
Explanation of Responses:
1. TIB Financial Corp. declared a 1% stock dividend payable to all holders of record of common stock on 3/31/09, 6/30/09 and 9/30/09, respectively, which was distributed on 4/10/09, 7/10/09 and 10/10/09, respectively. The reporting person acquired 334 shares, 337 shares and 340 shares, respectively, on each distribution date. 30,696 are held in joint tenancy with her husband, Rodney Shuckhart.
2. Reflects ESOP allocations that have occurred during 2009 and includes ESOP allocations since the date of the reporting person's last ownership report. The reporting person owned TIB Financial Corp. stock in her 401(K) and TIB Financial Corp. declared a 1% stock dividend payable to all holders of record of common stock on 12/31/08, 3/31/09, 6/30/09 and 9/30/09, respectively, which was distributed on 1/10/09, 4/10/09, 7/10/09 and 10/10/09, respectively. The ESOP acquired 117.518, 119.86 shares, 119.816 shares and 121.791 shares, respectively, on each distribution date.
3. 10,615 Stock option shares granted 11/28/2000 expiring 11/28/2010, vesting over a nine year period, with 2,120 vesting 11/28/2009. 4,246 remain unexercised.
4. 42,460 Stock option shares granted 3/26/2002 expiring 3/26/2012, vesting over a nine year period with 8,490 vesting 3/26/2011. 25,474 shares remain unexercised.
5. 8,492 Stock options granted 1/25/2005 expiring 1/25/2015, vesting over a five year period. 8,492 remain unexercised.
6. 5,724 Stock Option shares granted 3/25/2008 expiring 3/25/2018 vesting over a five year period. 5,724 remain unexercised.
Remarks:
Vicki L. Walker, Attorney-In-Fact for Alma R. Shuckhart 01/21/2010
** 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).
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