SEC Form 4
FORM 4 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
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).
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. Date of Earliest Transaction (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 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 12/31/2009 D(1) 6,500 D $0.00(1) 0 D(1)
Common Stock 12/21/2009 J(2) V 1,300 D $0.00(2) 0 D(2)
Common Stock 12/21/2009 J(2) V 1,300 A $0.00(2) 9,286 D(3)
Common Stock 245,293 D(4)
Common Stock 1,121,778 I Held by Sherwood Partners, Ltd, family partnership
Common Stock 1,400 I Held by Spouse as Custodian for son
Common Stock 1,007 D(5)
Common Stock 87,115.3888 D(6)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock-settled Stock Appreciation Rights(7) $22.22 04/02/2009(8) 04/02/2017 Common Stock 73,135 73,135 D
Stock-settled Stock Appreciation Rights(7) $26.72 05/16/2008(8) 05/16/2016 Common Stock 27,600 27,600 D
Common Stock RIght to Buy(7) $22.4 12/21/2005(9) 12/21/2014 Common Stock 30,000 30,000 D
Common Stock Right to Buy(7) $17.08 11/17/2004(9) 11/17/2013 Common Stock 75,000 75,000 D
Explanation of Responses:
1. Shares from a performance-based restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which not vest during the 5-year performance period from January 1, 2005 to December 31, 2009, and were forfeited.
2. Shares held in time-based restricted stock award that vested on 12/21/09, and were transferred into existing account. No change in beneficial ownership.
3. Shares held in Trust
4. Shares held jointly with spouse
5. Represents unvested time-based restricted stock awards granted on 2/2/2007 under Seacoast's 2000 Long-Term Incentive Plan which shall vest in 25% increments beginning on the second anniversary of the date of grant, and each anniversary thereafter, subject to continued employment.
6. Represent shares held in the Company's Retirement Savings Plan
7. Granted pursuant to Seacoast Banking Corporation of Florida's 2000 Long-Term Incentive Plan
8. Vest over five years in 25% increments beginning on the second anniversary of the date of the grant (the date indicated) and each of the following three anniversaries thereafter, subject to continued employment
9. Vests over 5 years at the rate of 20% on the first anniversary of the date of grant (date indicated)and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continued employment.
Remarks:
Sharon Mehl as Power of Attorney for Dennis S. Hudson, III 01/04/2010
** 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).
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.