SANDLIN ROBERT E 4
4 · PATRIOT TRANSPORTATION HOLDING, INC. · Filed Dec 21, 2023
Insider Transaction Report
Form 4
SANDLIN ROBERT E
President & CEO of FRTL
Transactions
- Disposition to Issuer
Option to Buy
2023-12-21$16.26/sh−6,286$102,210→ 0 totalExercise: $10.02Exp: 2024-12-03→ Common Stock (6,286 underlying) - Disposition to Issuer
Option to Buy
2023-12-21$16.26/sh−6,565$106,747→ 0 totalExercise: $9.07Exp: 2025-10-15→ Common Stock (6,565 underlying) - Disposition to Issuer
Option to Buy
2023-12-21$16.26/sh−40,514$658,758→ 0 totalExercise: $7.95Exp: 2026-11-16→ Common Stock (40,514 underlying) - Disposition to Issuer
Option to Buy
2023-12-21$16.26/sh−79,120$1,286,491→ 0 totalExercise: $6.89Exp: 2029-12-03→ Common Stock (79,120 underlying) - Disposition to Issuer
Stock Appreciation Right
2023-12-21$16.26/sh−257,009$4,178,966→ 0 totalExercise: $8.66→ Common Stock (257,009 underlying) - Disposition to Issuer
Common Stock
2023-12-21$16.26/sh−4,068$66,146→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Option to Buy
2023-12-21$16.26/sh−44,825$728,855→ 0 totalExercise: $6.80Exp: 2027-11-28→ Common Stock (44,825 underlying) - Disposition to Issuer
Option to Buy
2023-12-21$16.26/sh−39,360$639,994→ 0 totalExercise: $7.52Exp: 2028-11-28→ Common Stock (39,360 underlying) - Disposition to Issuer
Option to Buy
2023-12-21$16.26/sh−60,880$989,909→ 0 totalExercise: $5.15Exp: 2030-12-01→ Common Stock (60,880 underlying) - Disposition to Issuer
Common Stock
2023-12-21$16.26/sh−26,854$436,646→ 0 total - Disposition to Issuer
Option to Buy
2023-12-21$16.26/sh−28,821$468,629→ 0 totalExercise: $8.84Exp: 2025-11-17→ Common Stock (28,821 underlying)
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]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.
- [F3]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.