SEC Form 4 · accession 0001623528-17-000020
CTO Realty Growth, Inc. · CTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Mark E Patten
Officer — Sr. VP & CFO
Period of report
Aug 22, 2017
Accepted (ET)
Aug 24, 2017 · 6:16 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 | Aug 22, 2017 | M | 2,000 | $34.95 | A | 32,007 | D | |
| Common Stock | Aug 22, 2017 | F | 194 | $54.46 | D | 31,813 | D | |
| Common StockF2 | Aug 22, 2017 | S | 1,320 | $53.9481 | D | 30,493 | D | |
| Common Stock | Aug 23, 2017 | M | 2,000 | $34.95 | A | 32,493 | D | |
| Common Stock | Aug 23, 2017 | F | 196 | $53.25 | D | 32,297 | D | |
| Common Stock | Aug 24, 2017 | M | 2,000 | $34.95 | A | 34,297 | D | |
| Common Stock | Aug 24, 2017 | F | 188 | $54.09 | D | 34,109 | D | |
| Common StockF3 | Aug 24, 2017 | S | 2,640 | $53.7758 | D | 31,469 | 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 (right to buy common stock)F4 | $34.95 | Aug 22, 2017 | M | 2,000 | D | — | Jan 23, 2018 | Common Stock | 2,000 | 8,000 | D |
| Employee Stock Option (right to buy common stock)F4 | $34.95 | Aug 23, 2017 | M | 2,000 | D | — | Jan 23, 2018 | Common Stock | 2,000 | 6,000 | D |
| Employee Stock Option (right to buy common stock)F4 | $34.95 | Aug 24, 2017 | M | 2,000 | D | — | Jan 23, 2018 | Common Stock | 2,000 | 4,000 | D |
Explanation of responses
- F1Amounts in Table I column 5 include 5,000 shares of restricted common stock which vest over time and 6,000 shares of restricted common stock which vest based on share price appreciation, both of which were previously reported.
- F2This transaction was executed in multiple trades at prices ranging from $53.85 to $54.25. 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 trades were effected.
- F3This transaction was executed in multiple trades at prices ranging from $53.30 to $54.09. 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 trades were effected.
- F4The option, representing a right to purchase a total of 10,000 shares, became exercisable in three annual installments beginning on 1/23/14, which was the first anniversary of the date on which the option was granted.