Klopfenstein John D 4
4 · PATRIOT TRANSPORTATION HOLDING, INC. · Filed Dec 21, 2023
Insider Transaction Report
Form 4
Klopfenstein John D
Controller & CAO
Transactions
- Disposition to Issuer
Option to Buy
2023-12-21$16.26/sh+3,393$55,170→ 0 totalExercise: $10.02Exp: 2024-12-03→ Common Stock (3,393 underlying) - Disposition to Issuer
Option to Buy
2023-12-21$16.26/sh+10,937$177,836→ 0 totalExercise: $7.95Exp: 2026-11-16→ Common Stock (10,937 underlying) - Disposition to Issuer
Common Stock
2023-12-21$16.26/sh−3,602$58,569→ 0 total(indirect: See footnote) - Disposition to Issuer
Option to Buy
2023-12-21$16.26/sh+7,786$126,600→ 0 totalExercise: $8.84Exp: 2025-11-17→ Common Stock (7,786 underlying) - Disposition to Issuer
Common Stock
2023-12-21$16.26/sh−3,058$49,723→ 0 total
Footnotes (3)
- [F1]Pursuant to an Agreement and Plan of Merger, each share of common stock was converted into the right to receive $16.26 per share in cash (the "Merger Consideration"). Each outstanding stock option was cancelled in exchange for the right to receive a cash payment of an amount equal to the product of (i) the total number of shares of common stock underlying such stock option and (ii) the excess of the (x) Merger Consideration over the (y) per-share exercise price of the stock option. Each outstanding SAR was cancelled in exchange for the right to receive a cash payment of an amount equal to the product of (i) the total number of shares of common stock underlying each such SAR and (ii) the excess, if any, of (x) the Merger Consideration over (y) the per-share SAR Price.
- [F2]Shares were acquired in the Issuer's 401(k) plan
- [F3]Each outstanding stock option was cancelled in exchange for the right to receive a cash payment of an amount equal to the product of (i) the total number of shares of common stock underlying such stock option and (ii) the excess of the (x) Merger Consideration over the (y) per-share exercise price of the stock option.