SEC Form 4 · accession 0001623528-18-000006
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 24, 2018
Accepted (ET)
Jan 26, 2018 · 6:12 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 24, 2018 | F | 628 | $66.98 | D | 108,823 | D | |
| Common StockF3,F4 | Jan 24, 2018 | A | 6,101 | $0.00 | A | 114,924 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On 1/18/2018, the vesting criteria for 2,000 shares of restricted common stock of the Issuer, which restricted shares were awarded to the reporting person on 5/20/2015, were satisfied. A portion of the vesting shares was withheld by the Issuer in order to satisfy the reporting person's payroll tax withholding liability.
- F2This amount includes 11,318 shares of restricted common stock which vest over time, and 22,000 shares of restricted common stock which vest based on share 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, 2018, 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 $65.95 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.
- F4This amount includes the 6,101 restricted shares reported above, as well as 11,318 additional shares of restricted common stock which vest over time, and 22,000 shares of restricted common stock which vest based on share price appreciation, both of which were previously reported.