SEC Form 4 · accession 0001623528-17-000021
CTO Realty Growth, Inc. · CTO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark E Patten
Officer — Sr. VP & CFO
Period of report
Aug 29, 2017
Accepted (ET)
Aug 31, 2017 · 4:52 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 29, 2017 | M | 2,000 | $34.95 | A | 33,469 | D | |
| Common Stock | Aug 29, 2017 | F | 197 | $54.73 | D | 33,272 | D | |
| Common StockF2 | Aug 29, 2017 | S | 1,320 | $54.844 | D | 31,952 | D | |
| Common Stock | Aug 30, 2017 | M | 2,000 | $34.95 | A | 33,952 | D | |
| Common Stock | Aug 30, 2017 | F | 198 | $54.64 | D | 33,754 | D | |
| Common StockF3 | Aug 30, 2017 | S | 1,320 | $54.918 | D | 32,434 | 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 29, 2017 | M | 2,000 | D | — | Jan 23, 2018 | Common Stock | 2,000 | 2,000 | D |
| Employee Stock Option (right to buy common stock)F4 | $34.95 | Aug 30, 2017 | M | 2,000 | D | — | Jan 23, 2018 | Common Stock | 2,000 | 0 | D |
Explanation of responses
- F1Amounts in Table I column 5 include 5,000 shares of restricted 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 $54.73 to $54.975. 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 $54.75 to $55.30. 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.