Matthew C. McNulty - 21 Dec 2023 Form 4 Insider Report for PATRIOT TRANSPORTATION HOLDING, INC.

Reporting relationship: Vice President and CFO
Issuer ticker: N/A
Reported as of: 21 Dec 2023
Net transaction value: -$2,932,816
SEC form: 4
Accepted by SEC: 21 Dec 2023, 14:33:07 UTC
Next SEC filing: 04 Jun 2024
Source filing: View source filing
Reporting owner signature: /s/Matthew C. McNulty

Key filing fact

Matthew C. McNulty filed Form 4 for PATRIOT TRANSPORTATION HOLDING, INC. on 21 Dec 2023.

Key facts

This page summarizes Matthew C. McNulty's Form 4 filing for PATRIOT TRANSPORTATION HOLDING, INC..
6 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 21 Dec 2023, 14:33.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$2,932,816.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PATI transaction

Common Stock

Disposed to Issuer

Transaction value: $5,122
Shares: -315
Change %: -100%
Price: $16.26
Shares after: 0
Date: 21 Dec 2023
Ownership: Held in 401k
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PATI transaction Derivative

Option to Buy

Disposed to Issuer

Transaction value: $474,711
Shares: -29,195
Change %: -100%
Price: $16.26
Shares after: 0
Date: 21 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 29,195
Exercise price: $7.34
Footnotes: F2

PATI transaction Derivative

Option to Buy

Disposed to Issuer

Transaction value: $510,320
Shares: -31,385
Change %: -100%
Price: $16.26
Shares after: 0
Date: 21 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 31,385
Exercise price: $6.80
Footnotes: F2

PATI transaction Derivative

Option to Buy

Disposed to Issuer

Transaction value: $448,044
Shares: -27,555
Change %: -100%
Price: $16.26
Shares after: 0
Date: 21 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 27,555
Exercise price: $7.52
Footnotes: F2

PATI transaction Derivative

Option to Buy

Disposed to Issuer

Transaction value: $900,560
Shares: -55,385
Change %: -100%
Price: $16.26
Shares after: 0
Date: 21 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 55,385
Exercise price: $6.89
Footnotes: F2

PATI transaction Derivative

Option to Buy

Disposed to Issuer

Transaction value: $594,059
Shares: -36,535
Change %: -100%
Price: $16.26
Shares after: 0
Date: 21 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 36,535
Exercise price: $5.15
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Matthew C. McNulty is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote 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.

Footnote 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.