X0305 4 2011-12-15 false 0000885508 STRATUS PROPERTIES INC STRS 0001144411 LESLIE JAMES 16250 KNOLL TRAIL DRIVE SUITE 102 DALLAS TX 75248 true false false false Common Stock 2011-12-15 4 S false 999 7.2691 D 22000 D Since the date of the Reporting Person's last Form 4 reflecting common stock holdings, he has transferred ownership of 17,501 shares of common stock held directly to his former spouse. The Reporting Person no longer reports these shares as beneficially owned. The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $7.17 - $7.65. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price. Kelly Simoneaux on behalf of James C. Leslie pursuant to a power of attorney 2012-04-18