0000897069-23-001821.txt : 20231221
0000897069-23-001821.hdr.sgml : 20231221
20231221144448
ACCESSION NUMBER: 0000897069-23-001821
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231221
FILED AS OF DATE: 20231221
DATE AS OF CHANGE: 20231221
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SANDLIN ROBERT E
CENTRAL INDEX KEY: 0001222115
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36605
FILM NUMBER: 231504737
MAIL ADDRESS:
STREET 1: 200 W. FORSYTH STREET
STREET 2: 7TH FLOOR
CITY: JACKSONVILLE
STATE: FL
ZIP: 32202
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PATRIOT TRANSPORTATION HOLDING, INC.
CENTRAL INDEX KEY: 0001616741
STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING & COURIER SERVICES (NO AIR) [4210]
ORGANIZATION NAME: 01 Energy & Transportation
IRS NUMBER: 472482414
STATE OF INCORPORATION: FL
FISCAL YEAR END: 0930
BUSINESS ADDRESS:
STREET 1: 200 W. FORSYTH ST.
STREET 2: 7TH FLOOR
CITY: JACKSONVILLE
STATE: FL
ZIP: 32202
BUSINESS PHONE: (877) 704-1776
MAIL ADDRESS:
STREET 1: 200 W. FORSYTH ST.
STREET 2: 7TH FLOOR
CITY: JACKSONVILLE
STATE: FL
ZIP: 32202
FORMER COMPANY:
FORMER CONFORMED NAME: New Patriot Transportation Holding, Inc.
DATE OF NAME CHANGE: 20140814
4
1
form4.xml
X0508
4
2023-12-21
true
0001616741
PATRIOT TRANSPORTATION HOLDING, INC.
PATI
0001222115
SANDLIN ROBERT E
C/O PATRIOT TRANSPORTATION HOLDING, INC.
200 W. FORSYTH ST., 7TH FLOOR
JACKSONVILLE
FL
32202
true
President and CEO
false
Common Stock
2023-12-21
4
D
0
26854
16.26
D
0
D
Common Stock
2023-12-21
4
D
0
4068
16.26
D
0
I
Held in 401k plan
Option to Buy
10.018
2023-12-21
4
D
0
6286
16.26
D
2024-12-03
Common Stock
6286
0
D
Option to Buy
9.072
2023-12-21
4
D
0
6565
16.26
D
2025-10-15
Common Stock
6565
0
D
Option to Buy
8.84
2023-12-21
4
D
0
28821
16.26
D
2025-11-17
Common Stock
28821
0
D
Option to Buy
7.953
2023-12-21
4
D
0
40514
16.26
D
2026-11-16
Common Stock
40514
0
D
Option to Buy
6.8
2023-12-21
4
D
0
44825
16.26
D
2027-11-28
Common Stock
44825
0
D
Option to Buy
7.522
2023-12-21
4
D
0
39360
16.26
D
2028-11-28
Common Stock
39360
0
D
Option to Buy
6.886
2023-12-21
4
D
0
79120
16.26
D
2029-12-03
Common Stock
79120
0
D
Option to Buy
5.147
2023-12-21
4
D
0
60880
16.26
D
2030-12-01
Common Stock
60880
0
D
Stock Appreciation Right
8.66
2023-12-21
4
D
0
257009
16.26
D
Common Stock
257009
0
D
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.
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.
/s/Robert E. Sandlin
2023-12-21