X0202 4/A 2004-11-26 2004-11-26 0 0000730708 SEACOAST BANKING CORP OF FLORIDA SBCF 0001078596 HUDSON DENNIS S III 815 COLORADO AVENUE P O BOX 9012 STUART FL 34995-9012 1 1 0 0 President & CEO Common Stock 2004-11-26 4 F 0 926 23.17 D 55041 D Common Stock 56100 D Common Stock 1121778 I Shares held by Sherwood Partners, Ltd. Common Stock 24200 I Shares held by spouse Common Stock Right to Buy 5.303 1999-02-21 2005-02-20 Common Stock 19800 19800 D Common Stock Right to Buy 6.5909 2000-06-18 2006-06-17 Common Stock 19800 19800 D Common Stock Right to Buy 7.7273 2001-05-20 2007-05-20 Common Stock 19800 19800 D Common Stock Right to Buy 8.7879 1999-07-01 2008-06-30 Common Stock 72600 72600 D Common Stock Right to Buy 17.08 2013-11-17 Common Stock 75000 75000 D 14,000 shares represent unvested shares in a time-based restricted stock award granted under Seacoast's 2000 Long-Term Incentive Plan which shall vest in 3,500 share increments on each anniversary of the date of grant (11/17/03), subject to continued employment. Another 17,500 shares represent a performance based restricted stock award granted under the 2000 Incentive Plan which shall vest, subject to continued employment, over a 5-year performance period beginning 1/1/2004, as to the following percentage of shares based on the Company's EPS growth over the performance period compared to fiscal year 2003 EPS: 38% EPS growth=25% vesting; 50% EPS growth=50% vesting; 75% EPS growth=75% vesting; 85% EPS growth=100% vesting. Notwithstanding the above, 100% of the performance based award shall vest on the 5th anniversary of the grant date if the Company achieves an ROE of at least 16.5% for 3 consecutive quarters during the performance period, regardless of whether the EPS targets are met. Shares held jointly with spouse Granted pursuant to Seacoast Banking Corporation of Florida's 1991 Stock Option and Stock Appreciation Rights Plan Granted pursuant to Seacoast Banking Corporation of Florida's 1996 Long-Term Incentive Plan The Form 4 filing software only allows for numbers to be expressed up to four decimal places. The actual price of Mr. Hudson's stock options is $7.72727. The Form 4 filing software only allows for numbers to be expressed up to four decimal places. The actual price of Mr. Hudson's stock options is $8.787879. Granted pursuant to Seacoast Banking Corporation of Florida's 2000 Long-Term Incentive Plan. Vests over 5 years at the rate of 20% on the first anniversary of the date of grant (11/17/03) and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continued employment. Sharon Mehl as Power of Attorney for Dennis S. Hudson, III 2004-12-16