John D. Klopfenstein - 21 Dec 2023 Form 4 Insider Report for PATRIOT TRANSPORTATION HOLDING, INC.

Reporting relationship: Controller and CAO
Issuer ticker: N/A
Reported as of: 21 Dec 2023
Net transaction value: +$251,315
SEC form: 4
Accepted by SEC: 21 Dec 2023, 14:35:22 UTC
Prior SEC filing: 01 Nov 2023
Next SEC filing: 02 Jan 2024
Source filing: View source filing
Reporting owner signature: /s/John D. Klopfenstein

Key filing fact

John D. Klopfenstein filed Form 4 for PATRIOT TRANSPORTATION HOLDING, INC. on 21 Dec 2023.

Key facts

This page summarizes John D. Klopfenstein's Form 4 filing for PATRIOT TRANSPORTATION HOLDING, INC..
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 21 Dec 2023, 14:35.

Change

Previous filing in this sequence was filed on 01 Nov 2023.
Current net transaction value: +$251,315.

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: $49,723
Shares: -3,058
Change %: -100%
Price: $16.26
Shares after: 0
Date: 21 Dec 2023
Ownership: Direct
Footnotes: F1

PATI transaction

Common Stock

Disposed to Issuer

Transaction value: $58,569
Shares: -3,602
Change %: -100%
Price: $16.26
Shares after: 0
Date: 21 Dec 2023
Ownership: See footnote
Footnotes: F1, F2

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: $55,170
Shares: +3,393
Change %
Price: $16.26
Shares after: 0
Date: 21 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,393
Exercise price: $10.02
Footnotes: F3

PATI transaction Derivative

Option to Buy

Disposed to Issuer

Transaction value: $126,600
Shares: +7,786
Change %
Price: $16.26
Shares after: 0
Date: 21 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,786
Exercise price: $8.84
Footnotes: F3

PATI transaction Derivative

Option to Buy

Disposed to Issuer

Transaction value: $177,836
Shares: +10,937
Change %
Price: $16.26
Shares after: 0
Date: 21 Dec 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,937
Exercise price: $7.95
Footnotes: F3

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

John D. Klopfenstein is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 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

Shares were acquired in the Issuer's 401(k) plan

Footnote 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.