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*
HUDSON DENNIS S III

(Last) (First) (Middle)
SEACOAST BANKING CORP. OF FLORIDA
P.O. BOX 9012

(Street)
STUART FL 34995

(City) (State) (Zip)
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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman & CEO
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2014
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 12/09/2014 A 20 A $13.22 20 D
Common Stock 4,137 D(1)
Common Stock 19,868 D(2)
Common Stock 31,750.03 D(3)
Common Stock 49,386 D(4)
Common Stock 224,356 I Held by Sherwood Partners, Ltd., family partnership
Common Stock 280 I Held by spouse as custodian for son
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
Common Stock Right to Buy(5) $10.54 04/29/2015(6) 04/29/2024 Common Stock 50,000 50,000 D
Common Stock Right to Buy(5) $11 06/28/2014(7) 06/27/2023 Common Stock 19,400 14,627 D
Stock Settled Stock Appreciation Right(8) $111.1 04/02/2012(9) 04/01/2017 Common Stock 14,627 14,627 D
Stock-Settled Stock Appreciation Rights(8) $133.6 05/16/2011(9) 05/15/2016 Common Stock 5,520 5,520 D
Explanation of Responses:
1. Held in Trust
2. Represents unvested shares of restricted stock granted under Seacoast's 2008 Long-Term Incentive Plan on August 23, 2011 ("Grant Date"). The performance criteria for this award has been met and the award vests in its entirety on August 23, 2016, provided Mr. Hudson is employed by the Company or a subsidiary on such date.
3. Represents share equivalents held in the Company's Retirement Savings Plan as of December 31, 2014
4. Held jointly with spouse
5. Granted pursuant to Company's 2013 Incentive Plan
6. Vests over 3 years in one-third increments on each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continued employment.
7. Vests over 5 years at the rate of 20% beginning on the first anniversary of the date of grant (the date indicated) and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continued employment.
8. Granted pursuant to Company's 2000 Long-Term Incentive Plan
9. Date fully vested
Remarks:
/s/ Sharon Mehl as Power of Attorney for Dennis S. Hudson, III 02/10/2015
** 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.