BAKER JOHN D II 4
4 · PATRIOT TRANSPORTATION HOLDING, INC. · Filed Dec 21, 2023
Insider Transaction Report
Form 4
BAKER JOHN D II
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2023-12-21$16.26/sh−167,848$2,729,208→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2023-12-21$16.26/sh−371,158$6,035,029→ 0 total(indirect: See footnote) - Disposition to Issuer
Common Stock
2023-12-21$16.26/sh−4,000$65,040→ 0 total - Disposition to Issuer
Common Stock
2023-12-21$16.26/sh−1,263$20,536→ 0 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2023-12-21$16.26/sh−3,341$54,325→ 0 total(indirect: By IRA)
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]The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
- [F3]Shares are held by the Trust FBO John D. Baker II U/A Cynthia L. Baker Trust dated 4/30/1965, for which the Reporting Person serves as co-trustee, and of which the Reporting Person is the sole income beneficiary. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.