X0202 4 2006-12-27 false 0000885508 STRATUS PROPERTIES INC STRS 0001200799 ARMSTRONG WILLIAM H III 98 SAN JACINTO BOULEVARD, STE 220 AUSTIN TX 78701 true true false false Chair of Board,President, CEO Common Stock 3250 I IRA for self Common Stock 2006-12-27 4 M false 40000 12.38 A 256081 D Common Stock 2006-12-27 4 M false 2500 8.69 A 258581 D Common Stock 2006-12-27 4 M false 46000 9.25 A 304581 D Common Stock 2006-12-27 4 M false 34500 10.555 A 339081 D Common Stock 2006-12-27 4 M false 17500 16.015 A 356581 D Common Stock 2006-12-27 4 M false 67500 9.44 A 424081 D Common Stock 2006-12-27 4 F false 121123 31.197 D 302958 D Option (right to buy) 12.38 2006-12-27 4 M false 40000 0 D 1999-05-14 2008-05-14 Common Stock 40000 0 D Option (right to buy) 8.69 2006-12-27 4 M false 2500 0 D 2001-02-10 2010-02-10 Common Stock 2500 0 D Option (right to buy) 9.25 2006-12-27 4 M false 46000 0 D 2003-12-17 2012-12-17 Common Stock 46000 0 D Option (right to buy) 10.555 2006-12-27 4 M false 34500 0 D 2004-12-17 2013-12-17 Common Stock 34500 11500 D Option (right to buy) 16.015 2006-12-27 4 M false 17500 0 D 2005-12-30 2014-12-30 Common Stock 17500 52500 D Option (right to buy) 9.44 2006-12-27 4 M false 67500 0 D 2001-12-21 2010-12-21 Common Stock 67500 0 D 25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof. 25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof. 25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof. 25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof. 25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof. 25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof. Amount beneficially owned following the reported transactions includes 57,250 Common Stock Restricted Stock Units. Shares withheld and delivered in payment of the exercise price of options and resulting taxes. Kelly C. Simoneaux, on behalf of William H. Armstrong III pursuant to a power of attorney 2006-12-29