SEC Form 4 · accession 0000919574-17-008405
ST JOE Co · JOE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
FAIRHOLME CAPITAL MANAGEMENT LLC
Director · 10% Owner
Bruce R Berkowitz
Director · 10% Owner
Period of report
Nov 27, 2017
Accepted (ET)
Nov 29, 2017 · 6:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000745308
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Nov 27, 2017 | P | 57,100 | $19.00 | A | 320,900 | D | |
| Common StockF3,F2 | Nov 27, 2017 | P | 110,500 | $19.00 | A | 352,000 | I | See Footnote |
| Common StockF1 | Nov 29, 2017 | P | 43,200 | $18.75 | A | 364,100 | D | |
| Common StockF3,F2 | Nov 29, 2017 | P | 47,200 | $18.75 | A | 399,200 | I | See Footnote |
| Common StockF4 | holding | — | — | — | 22,730,687 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reported securities are directly owned by Mr. Berkowitz.
- F2The securities are held in account(s) managed indirectly by Fairholme. The securities may be deemed to be beneficially owned by Mr. Berkowitz because he controls the sole member of Fairholme, which may be deemed to have beneficial ownership of the securities because Fairholme serves as the investment manager to separate series of a registered investment company and managed accounts. The Reporting Persons disclaim beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that the Reporting Persons are the beneficial owners of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F3In contrast to previously filed Form 4s, this number reflects only the securities in which Mr. Berkowitz may be deemed to have a pecuniary interest and not the amount of securities he may be deemed to beneficially own. The Fund and the Reporting Persons disclaim beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that the Fund and the Reporting Persons are the beneficial owners of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F4In contrast to previously filed Form 4s, this number reflects only the securities directly owned by The Fairholme Fund (the "Fund"), a series of Fairholme Funds, Inc. The securities may be deemed to be beneficially owned by Mr. Berkowitz because he controls the sole member of Fairholme, which may be deemed to have beneficial ownership of the securities because Fairholme serves as the investment manager to separate series of a registered investment company and managed accounts. The Fund and the Reporting Persons disclaim beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that the Fund and the Reporting Persons are the beneficial owners of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.