SEC Form 4 · accession 0001623528-17-000003
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 23, 2017
Accepted (ET)
Jan 27, 2017 · 5:56 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,F2 | Jan 23, 2017 | F | 649 | $54.46 | D | 150,076 | D | |
| Common StockF3,F4 | Jan 25, 2017 | A | 4,651 | $0.00 | A | 154,727 | D | |
| Common StockF6,F4 | Jan 25, 2017 | S | 1,500 | $55.6179 | D | 153,227 | D | |
| Common StockF7,F4 | Jan 26, 2017 | S | 1,000 | $54.8715 | D | 152,227 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On 1/23/2017, 2,000 shares of restricted common stock of the Issuer, which were awarded to the reporting person on 1/22/2014, became vested and unrestricted. A portion of the vesting shares was withheld by the Issuer in order to satisfy the reporting person's tax liability.
- F2This amount includes 11,334 shares of restricted common stock which vest over time, and 58,000 shares of restricted common stock which vest based on shrae price appreciation, both of which were previously reported.
- F3Restricted shares one-third of which vest on each of the first, second and third anniversaries of January 28, 2017, 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 $55.47 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.
- F4The amount includes the 4,651 restricted shares reported above, as well as 11,334 additional shares of restricted common stock which vest over time and 58,000 shares of restricted common stock which vest based on share price appreciation, both of which were previously reported.
- F5The sales reported on this line were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 25, 2016.
- F6This transaction was executed in multiple trades at prices ranging from $54.93 to $55.9783. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.
- F7This transaction was executed in multiple trades at prices ranging from $54.51 to $54.99. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transactions were effected.