TEETERS BRUCE W 4
4 · CONSOLIDATED TOMOKA LAND CO · Filed Aug 22, 2005
Insider Transaction Report
Form 4
TEETERS BRUCE W
Sr. Vice President
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]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
[F1][F2]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) - Exercise/Conversion
Stock Appreciation Rights
2005-05-02$35.62/sh−1,600$56,984→ 0 totalExercise: $35.62From: 2005-01-22Exp: 2013-01-22→ Common Stock (1,600 underlying) - Exercise/Conversion
Stock Appreciation Rights
2005-05-02$35.62/sh−1,600$56,984→ 0 totalExercise: $35.62From: 2005-01-28Exp: 2014-01-28→ 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.
Signature
Bruce W. Teeters|2005-08-22