FICHTHORN LUKE E III 4
4 · PATRIOT TRANSPORTATION HOLDING, INC. · Filed Dec 21, 2023
Insider Transaction Report
Form 4
FICHTHORN LUKE E III
Director
Transactions
- Disposition to Issuer
Common Stock
2023-12-21$16.26/sh−52,542$854,333→ 0 total - Disposition to Issuer
Common Stock
2023-12-21$16.26/sh−100$1,626→ 0 total(indirect: By Spouse) - Disposition to Issuer
Common Stock
2023-12-21$16.26/sh−3,100$50,406→ 0 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2023-12-21$16.26/sh−11,400$185,364→ 0 total(indirect: See footnote)
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 owned by a trust held for the benefit of the Reporting Person's spouse.
- [F3]Shares are owned by the M/B Disbro Trust, of which Mr. Fichthorn is a co-trustee and income beneficiary.