X0306 4 2019-02-27 0 0000023795 CONSOLIDATED TOMOKA LAND CO CTO 0001619039 Haga Christopher W 2100 MCKINNEY AVENUE 18TH FLOOR DALLAS TX 75201 1 0 0 0 Common Stock 2019-02-27 4 A 0 330 A 1652 D These shares were issued to the reporting person as his $20,000 "Annual Award" pursuant to the Issuer's Non-Employee Director Compensation Policy adopted by the Issuer's board of directors on February 27, 2019. The reporting person is a partner and serves as Head of Strategic Investments at Carlson Capital, L.P. Carlson Capital, L.P. may be deemed to beneficially own 162,617 shares of Common Stock of the Issuer. The reporting person disclaims beneficial ownership of the securities of the Issuer beneficially owned by Carlson Capital, L.P. /s/ Daniel E. Smith, Attorney-in-Fact for Christopher W. Haga 2019-03-01