X0306 4 2020-03-04 0 0000844059 FRP HOLDINGS, INC. FRPH 0001190089 BAKER JOHN D II 200 W. FORSYTH STREET 7TH FLOOR JACKSONVILLE FL 32202 1 1 1 0 Chief Executive Officer Common Stock 2020-03-04 4 A 0 2160 0 A 14160 D Common Stock 2020-03-04 4 A 0 4320 0 A 18480 D Common Stock 10025 I IRA Common Stock 235789 I Held in Living Trust Common Stock 3789 I Held in Wife's Living Trust Common Stock 1113474 I See footnote The Reporting Person was awarded shares pursuant to the Issuer's Equity Incentive Plan. The shares vest ratably over four years commencing on the first anniversary of the grant date. The Reporting Person was awarded shares of restricted stock pursuant to the Issuer's Equity Incentive Plan. The shares are subject to performance-based vesting criteria for the two-year period ending December 31, 2021, and, if the performance-based criteria are achieved, the shares will vest ratably over four years commencing on March 31, 2022, subject to the Reporting Person's continued employment. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. 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. Kelly D. Waters, as Attorney-in-Fact for John D. Baker II 2020-03-06