SEC Form 4 · accession 0000919574-17-008494

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

Dec 1, 2017

Accepted (ET)

Dec 5, 2017 · 5:43 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 Stock^F1	Dec 1, 2017	P	41,900	$18.44	A	406,000	D
Common Stock^F2	Dec 1, 2017	P	47,000	$18.44	A	446,200	I	See Footnote
Common Stock^F1	Dec 4, 2017	P	5,500	$18.50	A	411,500	D
Common Stock^F2	Dec 4, 2017	P	6,100	$18.50	A	452,300	I	See Footnote
Common Stock^F1	Dec 5, 2017	P	44,700	$18.49	A	456,200	D
Common Stock^F2	Dec 5, 2017	P	49,400	$18.49	A	501,700	I	See Footnote
Common Stock^F3	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 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.
F3The reported securities are 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.