Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
FUERSCHBACH RAYMOND G
  2. Issuer Name and Ticker or Trading Symbol
INDEPENDENT BANK CORP [INDB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
(Last)
(First)
(Middle)
288 UNION STREET
3. Date of Earliest Transaction (Month/Day/Year)
05/25/2006
(Street)

ROCKLAND, MA 02370
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 05/25/2006   M(1)   5,425 A $ 9.375 10,725 D  

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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 Underlying Securities
(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 of Derivative Security: 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
Incentive Stock Option (right to buy) $ 9.375 05/25/2006   M     5,425   (2) 12/24/2006 Common Stock 5,425 $ 9.375 0 D  
Incentive Stock Option (right to buy) $ 11.9063               (3) 12/20/2010 Common Stock 7,125   7,125 D  
Incentive Stock Option (right to buy) $ 12.4063               (4) 12/22/2009 Common Stock 7,450   7,450 D  
Incentive Stock Option (right to buy) $ 17.25               (5) 12/22/2008 Common Stock 5,900   5,900 D  
Incentive Stock Option (right to buy) $ 17.7188               (6) 12/17/2007 Common Stock 5,625   5,625 D  
Incentive Stock Option (right to buy) $ 20.125               (7) 12/19/2011 Common Stock 7,233   7,233 D  
Incentive Stock Option (right to buy) $ 23.47               (8) 12/19/2012 Common Stock 5,390   5,390 D  
Incentive Stock Option (right to buy) $ 30.14               (9) 12/11/2013 Common Stock 3,370   3,370 D  
Non-Qualified Stock Option (right to buy) $ 20.125               (7) 12/19/2011 Common Stock 567   567 D  
Non-Qualified Stock Option (right to buy) $ 23.47               (8) 12/19/2012 Common Stock 2,210   2,210 D  
Non-Qualified Stock Option (right to buy) $ 28.895             12/15/2005(10) 12/14/2012 Common Stock 7,500   7,500 D  
Non-Qualified Stock Option (right to buy) $ 30.14               (9) 12/11/2013 Common Stock 2,705   2,705 D  
Non-Qualified Stock Option (right to buy) (11) $ 34.18             12/15/2005 12/09/2014 Common Stock 7,500   7,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
FUERSCHBACH RAYMOND G
288 UNION STREET
ROCKLAND, MA 02370
      Senior Vice President  

Signatures

 By: Linda M. Campion, Power of Attorney For: Raymond G. Fuerschbach   05/26/2006
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Common stock acquired upon the exercise of options granted on 12/26/96.
(2) Granted under the 1987 Plan, 1,809 shares shall first become exercisable on 6/27/97, 1,808 shares shall first become exercisable on 1/2/98, and the remaining 1,808 shares shall first become exercisable on 1/2/99. The Option will expire on 12/24/06, subject to the earlier termination provisions noted above.
(3) Granted under the 1997 Plan. 2,375 shares shall first become exercisable on 6/22/01, 2,375 shares shall first become exercisable on l/2/02, and the remaining 2,375 shares shall first become exercisable on l/2/03. The Option will expire on 12/20/10, subject to the earlier termination provisions noted above.
(4) Granted under the 1997 Plan. 2,484 shares shall first become exercisable on 6/24/00, 2,484 shares shall first become exercisable on 1/2/01, and the remaining 2,482 shares shall first become exercisable on 1/2/02. The Option will expire on 12/22/09 subject to the earlier termination provisions noted above.
(5) Granted under the Independent Bank Corp. 1997 Employee Stock Option Plan (1997 Plan). 1,967 shares pursuant to the Option shall first become exercisable on 6/24/99, 1,967 shares shall first become exercisable on 1/2/00, and the remaining 1,966 shares shall first become exercisable on 1/2/01. The Option will expire on 12/22/08 subject to the earlier termination provisions noted above.
(6) Granted under the Independent Bank Corp. 1997 Employee Stock Option Plan (1997 Plan). 1,875 shares pursuant to the Option shall first become exercisable on 6/19/98, 1,875 shares shall first become exercisable on 1/2/99, and the remaining 1,875 shares shall first become exercisable on 1/2/00. The Option will expire on 12/17/07 subject to the earlier termination of employment or acceleration of vesting schedule under certain termination of employee circumstances.
(7) Granted under the Plan. 2,600 shares shall first become exercisable on 6/21/02, 2,600 shares shall first become exercisable on 1/2/03 and the remaining 2,600 shares shall first become exercisable on 1/2/04. The Option will expire on 12/19/11, subject to the earlier termination provisions noted above.
(8) Granted under the 1997 Plan. 2,534 shares shall first become exercisable on 06/20/03, 2,533 shares shall first become exercisable on 1/2/04, and the remaining 2,533 shares shall first become exercisable on 1/2/05 subject to the earlier termination provisions noted above.
(9) Granted under the Independent Bank Corp. 1997 Employee Stock Option Plan (1997 Plan). 2,025 shares shall first become exercisable on 06/11/04, 2,025 shares shall first become exercisable on 01/02/05, and the remaining 2,025 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.
(10) Non-Qualified Stock Options granted under the Independent Bank Corp. 2005 Employee Stock Plan (2005 Plan). The Options granted on 12/15/05 vest immediately and will expire on December 14, 2012, unless earlier terminated in accordance with Stock Option Agreement.
(11) 3,640 Options formerly reported as ISO's under the 12/9/04 grant have converted to NQO's due to an acceleration of vesting for all options granted that date. All options granted on 12/9/04 have now immediately fully vested a/o 12/15/05.

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