Charles M Shaffer Form 4 SEACOAST BANKING CORP OF FLORIDA / Charles M Shaffer ownership change

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^*

Shaffer Charles M

(Last) (First) (Middle)

SEACOAST BANKING CORPORATION 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)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
EVP of subsidiary

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2020

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	02/27/2020		A(1)		14,402	A	$0.00(1)	46,052	D
Common Stock	02/27/2020		F		5,779	D	$25.28	40,273	D
Common Stock	02/27/2020		A(2)		4,047	A	$0.00(2)	44,320	D
Common Stock	02/27/2020		F		797	D	$25.28	43,523	D
Common Stock	02/27/2020		A(2)		3,119	A	$0.00(2)	46,642	D
Common Stock	02/27/2020		F		614	D	$25.28	46,028	D
Common Stock								3,271	D(3)
Common Stock								7,226	D(4)
Common Stock								3,610	D(5)
Common Stock								3,537	D(6)
Common Stock								949.844	D(7)

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
Common Stock Right to Buy(8)	$31.15							(9)	04/02/2028	Common Stock	18,952		18,952	D
Common Stock Right to Buy(8)	$28.69							(9)	04/03/2027	Common Stock	28,544		28,544	D
Common Stock Right to Buy(8)	$14.82							(10)	02/28/2024	Common Stock	21,255		21,255	D
Common Stock Right to Buy(8)	$12.63							(11)	01/28/2023	Common Stock	8,100		8,100	D
Common Stock Right to Buy(8)	$10.54							04/29/2015(12)	04/29/2024	Common Stock	25,000		25,000	D
Common Stock Right to Buy(8)	$11							06/28/2014(13)	06/28/2023	Common Stock	2,400		2,400	D

Explanation of Responses:

1. Represents shares subject to performance-based restricted stock units ("PSUs") granted on February 29, 2016 that were subject to performance requirements which were attained over a period ending December 31, 2019. On February 27, 2020, the Company's Compensation and Governance Committee certified the number of shares attained based on the performance criteria at which time the shares became fully vested.

2. Represents shares subject to performance-based restricted stock units ("PSUs") granted on April 3, 2017 that were subject to performance requirements which were attained over a period ending December 31, 2019. On February 27, 2020, the Company's Compensation and Governance Committee certified the number of shares attained based on the performance criteria at which time the shares became one-half vested. The remaining shares will vest Dec. 31, 2020, provided the recipient remains in continuous service with the Company on the vesting date.

3. Represents unvested time-based restricted stock award granted on December 30, 2019, which shall vest over 3 years in one-third increments, beginning December 30, 2020, and on each anniversary thereafter, subject to continued employment.

4. Represents shares of restricted stock units ("RSUs") granted on April 2, 2018. One-third of the shares vest on each of April 2, 2019, 2020 and 2021, provided the recipient remains in continuous service with the Company on each such vesting date.

5. Represents shares of restricted stock units ("RSUs") granted on April 3, 2017. One-third of the shares vest on each of April 3, 2018, 2019 and 2020, provided the recipient remains in continuous service with the Company on each such vesting date.

6. Shares in the Company's Employee Stock Purchase Plan.

7. Share equivalents held in Company's Retirement Savings Plan as of September 30, 2019

8. Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan.

9. Vests over 3 years in one-third increments each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continuous employment on each vesting date and the Company's banking subsidiary meets certain capital requirements.

10. Originally had two tiered vesting. Performance criteria was met and time-based vesting began on 12/1/2016. Option vests in equal installments at the end of each month over the next 48 months, provided that Optionee remains in continuous service on each applicable vesting date.

11. Originally had two tiered vesting. Performance vesting criteria has been met and time-based vesting began on 7/1/2015. Option vests in equal installments over the next 48 months, provided the Optionee remains in continuous service on each applicable vesting date.

12. Vests over 3 years in one-third increments each anniversary of the date of grant 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 two anniversaries thereafter 20%, subject to continued employment.

13. Vests over 5 years at the rate of 20% on the first anniversary of the date of grant and then at the rate of 20% on each of the following four anniversaries thereafter, subject to continued employment.

Remarks:

	/s/ Dennis S. Hudson, III as Power of Attorney for Charles M. Shaffer	03/02/2020
	** Signature of Reporting Person	Date
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