4//SEC Filing
CONSOLIDATED TOMOKA LAND CO 4
Accession 0000023795-06-000037
$CTOCIK 0000023795operating
Filed
May 3, 8:00 PM ET
Accepted
May 4, 1:48 PM ET
Size
9.4 KB
Accession
0000023795-06-000037
Insider Transaction Report
Form 4
APGAR ROBERT F
Sr. Vice President
Transactions
- Exercise/Conversion
Stock Appreciation Rights
2006-05-04$35.32/sh−1,200$42,388→ 0 totalExercise: $35.32From: 2006-04-25Exp: 2011-04-25→ Common Stock (1,200 underlying) - Exercise/Conversion
Common Stock
2006-05-04$35.32/sh+1,200$42,388→ 9,340 total - Disposition to Issuer
Common Stock
2006-05-04$59.67/sh−1,200$71,610→ 9,340 total
Footnotes (2)
- [F1]This reflects the exercise of a stock appreciation right (SAR) in tandem with the exercise of a stock option on April 27, 2006 that was separately reported on a Form 4. No additional stock was acquired or disposed of for this transaction.
- [F2]The value of the SAR for Mr. Apgar was calculated as follows: (54,270/.65) - 54,270 = 29,222 (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 optionee's tax rate as determined by the IRS Tax Code at the time of exercise.
Documents
Issuer
CONSOLIDATED TOMOKA LAND CO
CIK 0000023795
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000023795
Filing Metadata
- Form type
- 4
- Filed
- May 3, 8:00 PM ET
- Accepted
- May 4, 1:48 PM ET
- Size
- 9.4 KB