SEC Form 4 · accession 0001392476-15-000005
CTO Realty Growth, Inc. · CTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John P Albright
Officer — President & CEO · Director
Period of report
Feb 9, 2015
Accepted (ET)
Apr 20, 2015 · 10:38 am EDT
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 StockF1 | Feb 9, 2015 | A | 8,000 | $0.00 | A | 145,262 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option | $57.50 | Feb 9, 2015 | A | 20,000 | A | Jan 28, 2016 | Jan 28, 2025 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1Restricted shares one third of which vest on each of the first, second and third anniversaries of January 28, 2015, provided that the reporting person is an employee of the Issuer on those dates. The fair market value of the common stock on the date of the grant was $57.50 per share, but the fair market value of the award when vested will be the fair market value of the common stock on each vesting date.