4//SEC Filing
TEETERS BRUCE W 4
Accession 0000023795-05-000051
CIK 0000023795other
Filed
Aug 21, 8:00 PM ET
Accepted
Aug 22, 11:24 AM ET
Size
13.5 KB
Accession
0000023795-05-000051
Insider Transaction Report
Form 4
TEETERS BRUCE W
Sr. VP & Treasurer
Transactions
- Exercise/Conversion
Common Stock
2005-05-02$35.62/sh+4,800$170,952→ 25,240 total - Disposition to Issuer
Common Stock
2005-05-02$47.66/sh−4,800$228,792→ 25,240 total - Exercise/Conversion
Stock Appreciation Rights
2005-05-02$35.62/sh−1,600$56,984→ 0 totalExercise: $35.62From: 2005-01-23Exp: 2012-01-23→ Common Stock (1,600 underlying)
Footnotes (2)
- [F1]This reflects the exercise of a stock appreciation right (SAR) in tandem with the exercise of a stock option on Febrary 2, 2005, that was separately reported on a Form 4.
- [F2]The value of the SAR for Mr. Teeters was calculated as follows: (113,896/.6632) - 113,896 (Appreciation/1 - Tax Rate) - Appreciation "Appreciation" equals the amount by which the fair market value of SAR's related shares at the time the related option is exercised exceeds the price paid for the share, and "Tax Rate" equals the optionees's tax rate as determined by the IRS Tax Code at the time of exercise.
Documents
Issuer
CONSOLIDATED TOMOKA LAND CO
CIK 0000023795
Entity typeother
Related Parties
1- filerCIK 0001261518
Filing Metadata
- Form type
- 4
- Filed
- Aug 21, 8:00 PM ET
- Accepted
- Aug 22, 11:24 AM ET
- Size
- 13.5 KB