SEC Form 4 · accession 0001392476-16-000011
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
Jan 27, 2016
Accepted (ET)
Jan 29, 2016 · 7:08 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 StockF1 | Jan 27, 2016 | A | 6,000 | $0.00 | A | 249,509 | D | |
| Common StockF2,F3 | Jan 28, 2016 | F | 729 | $45.29 | D | 248,780 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted shares one-third of which vest on each of the first, second and third anniversaries of January 28, 2016, 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 $45.10 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.
- F2On 1/28/2016, 2,666 shares of restricted common stock of the Issuer, which were awarded to the reporting person on 1/28/2015, became vested and unrestricted. A portion of the vesting shares were withheld by the Issuer in order to satisfy the reporting person's tax liability.
- F3This amount includes the 6,000 restricted shares reported above, as well as 7,334 additional shares of restricted common stock which vest over time, and 126,000 shares of restricted common stock which vest based on share price appreciation, both of which were previously reported.