SEC Form 4 · accession 0001392476-15-000006
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
May 20, 2015
Accepted (ET)
May 22, 2015 · 12:05 pm 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 | May 20, 2015 | A | 94,000 | $0.00 | A | 239,262 | 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 OptionF2 | $55.62 | May 20, 2015 | A | 40,000 | A | — | Jan 28, 2025 | Common Stock | 40,000 | 40,000 | D |
Explanation of responses
- F1Restricted shares that vest in seven tranches based on the Issuer's common stock attaining the following target prices or hurdles: $60 (2,000 shares); $65 (2,000 shares); $70 (18,000 shares); $75 (18,000 shares); $80 (18,000 shares); $85 (18,000 shares); and $90 (18,000 shares).
- F2Option vests in one-third increments on each of 1/28/16, 1/28/17 and 1/28/18.