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