SEC Form 4 · accession 0001623528-17-000005
CTO Realty Growth, Inc. · CTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Earl Smith
Officer — Sr. VP & General Counsel
Period of report
Jan 25, 2017
Accepted (ET)
Jan 27, 2017 · 6:34 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 25, 2017 | A | 2,000 | $0.00 | A | 10,634 | 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, 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.
- F2This amount includes the 2,000 shares reported above, as well as 3,334 additional shares of restricted common stock which vest over time and 2,500 shares of restricted common stock which vest based on share price appreciation, both of which were previously reported.