X0305 4 2012-04-09 false 0000885508 STRATUS PROPERTIES INC STRS 0001200801 GARRISON BRUCE G 1177 WEST LOOP SOUTH SUITE 1310 HOUSTON TX 77027 true false false false Common Stock 2012-04-09 4 M false 625 8.9 A 20625 D Common Stock 2012-04-09 4 M false 1250 6.23 A 21875 D Common Stock 2012-04-09 4 S false 2830 8.8183 D 19045 D Common Stock 2012-04-09 4 S false 1875 9.2694 D 17170 D Common Stock 2012-04-10 4 S false 70 7.8899 D 17100 D Common Stock 2012-04-10 4 S false 2100 7.9998 D 15000 D Options (right to buy) 8.9 2012-04-09 4 M false 625 0 D 2011-09-01 2020-09-01 Common Stock 625 1875 D Options (right to buy) 6.23 2012-04-09 4 M false 1250 0 D 2010-09-01 2019-09-01 Common Stock 1250 1250 D 25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof. The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $8.0498 - $9.0398. 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. The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $9.11 - $9.442. 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 C. Simoneaux, on behalf of Bruce G. Garrison pursuant to a power of attorney 2012-04-11