X0202 4 2004-12-09 0 0000776901 INDEPENDENT BANK CORP INDB 0001207214 KELLEY FERDINAND T C/O INDEPENDENT BANK CORP 288 UNION STREET ROCKLAND MA 02370 0 1 0 0 Executive Vice President Common Stock 8931.754 D Incentive Stock Option (right to buy) 34.18 2004-12-09 4 A 0 3043 A 2005-06-09 2014-12-09 Common Stock 3043 3043 D Non-Qualified Stock Option (right to buy) 34.18 2004-12-09 4 A 0 8957 A 2005-06-09 2014-12-09 Common Stock 8957 8957 D Incentive Stock Option (right to buy) 11.9063 2010-12-20 Common Stock 3916 3916 D Incentive Stock Option (right to buy) 12.4063 2009-12-22 Common Stock 6831 6831 D Incentive Stock Option (right to buy) 17.25 2008-12-22 Common Stock 6057 6057 D Incentive Stock Option (right to buy) 20.125 2011-12-19 Common Stock 6947 6947 D Incentive Stock Option (right to buy) 23.47 2012-12-19 Common Stock 4740 4740 D Incentive Stock Option (right to buy) 30.14 2013-12-11 Common Stock 3412 3412 D Non-Qualified Stock Option (right to buy) 23.47 2012-12-19 Common Stock 7160 7160 D Non-Qualified Stock Option (right to buy) 30.14 2013-12-11 Common Stock 6138 6138 D Granted under the Independent Bank Corp. 1997 Employee Stock Option Plan. 4,000 shares shall first become exercisable on 6/9/2005, 4,000 shares shall first become exercisable on 1/2/2006, and the remaining 4,000 shares shall first become exercisable on 1/2/2007. The Options will expire on 12/9/2014 subject to the earler termination of employment or acceleration of vesting schedule under certain termination of employee circumstances. Granted under the Independent Bank Corp. 1997 Employee Stock Option Plan (1997 Plan), 3,859 shares pursuant to the Option shall first become exercisable on 6/22/01, 3,859 shares shall first become exercisable on l/2/02, and the remaining 3,857 shares shall first become exercisable on l/2/03. The Option will expire on 12/20/10 subject to the earlier termination of employment or acceleration of vesting schedule under certain termination of employee circumstances. Granted under the 1997 Plan, 4,042 shares pursuant to the Option shall first become exercisable on 6/24/00, 4,042 shares shall first become exercisable on l/2/01, and the remaining 4,041 shares shall first become exercisable on l/2/02. The option will expire on 12/22/09 subject to earlier termination provisions noted above. Granted under the 1997 Plan, 3,792 shares pursuant to the Option shall first become exercisable on 6/24/99, 3,792 shares shall first become exercisable on January 2, 2000, and the remaining 3,791 shares shall first become exercisable on January 2, 2001. The option will expire on 12/22/08 subject to the earlier termination provisions noted above. Granted under the 1997 Plan, 4,067 shares shall first become exercisable on 6/21/02, 4,067 shares shall first become exercisable on 1/2/03, and the remaining 4,066 shares shall first become exercisable on 1/2/04 subject to the earlier termination provisions noted above. Granted under the 1997 Plan. 3,967 shares shall first become exercisable on 06/20/03, 3,967 shares shall first become exercisable on 1/2/04, and the remaining 3,966 shares shall first become exercisable on 1/2/05 subject to the earlier termination provisions noted above. Granted under the Independent Bank Corp. 1997 Employee Stock Option Plan (1997 Plan). 3,184 shares shall first become exercisable on 06/11/04, 3,184 shares shall first become exercisable on 01/02/05, and the remaining 3,183 shall first become exercisable on 01/02/06. The Option will expire on 12/11/13 subject to the earlier termination of employment or acceleration of vesting schedule under certain termination of employee circumstances. By: Linda M. Campion, Power of Attorney For: Ferdinand T. Kelley 2004-12-13