SEC Form 4/A · accession 0001392476-15-000002
CTO Realty Growth, Inc. · CTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
John P Albright
Officer — President & CEO · Director
Period of report
Jan 22, 2015
Accepted (ET)
Jan 23, 2015 · 8:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000023795
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Jan 22, 2015 | M | 2,000 | $56.05 | A | 101,900 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On 1/22/14 the reporting person was awarded 6,000 shares of restricted common stock of the issuer, one-third of which would vest and become unrestricted on each of the first, second and third anniversaries of the award date, provided the reporting person is an employee of the issuer on such dates. The first one-third vested and became unrestricted on 1/22/15, the fair market value of which on such date was $56.05 per share.
- F2The Form 4, as originally filed, incorrectly reported the 1/22/15 conversion of 2,000 derivative securities (Restricted Share Grant) to 2,000 non-derivative securities (Common Stock) as a disposition of Common Stock, rather than an acquisition.
- F3After the reported transaction (vesting of 2,000 restricted shares of common stock), and the simultaneous withholding of 638 of those shares to satisfy the reporting person's tax liability (which was correctly reported in the Form 4 as originally filed), the reporting person owned 101,262 shares of common stock of the issuer.