X0306 4 2017-08-22 0 0000023795 CONSOLIDATED TOMOKA LAND CO CTO 0001282528 Patten Mark E 1140 N. WILLIAMSON BLVD. SUITE 140 DAYTONA BEACH FL 32114 0 1 0 0 Sr. VP & CFO Common Stock 2017-08-22 4 M 0 2000 34.95 A 32007 D Common Stock 2017-08-22 4 F 0 194 54.46 D 31813 D Common Stock 2017-08-22 4 S 0 1320 53.9481 D 30493 D Common Stock 2017-08-23 4 M 0 2000 34.95 A 32493 D Common Stock 2017-08-23 4 F 0 196 53.25 D 32297 D Common Stock 2017-08-24 4 M 0 2000 34.95 A 34297 D Common Stock 2017-08-24 4 F 0 188 54.09 D 34109 D Common Stock 2017-08-24 4 S 0 2640 53.7758 D 31469 D Employee Stock Option (right to buy common stock) 34.95 2017-08-22 4 M 0 2000 0 D 2018-01-23 Common Stock 2000 8000 D Employee Stock Option (right to buy common stock) 34.95 2017-08-23 4 M 0 2000 0 D 2018-01-23 Common Stock 2000 6000 D Employee Stock Option (right to buy common stock) 34.95 2017-08-24 4 M 0 2000 0 D 2018-01-23 Common Stock 2000 4000 D Amounts in Table I column 5 include 5,000 shares of restricted common stock which vest over time and 6,000 shares of restricted common stock which vest based on share price appreciation, both of which were previously reported. This transaction was executed in multiple trades at prices ranging from $53.85 to $54.25. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected. This transaction was executed in multiple trades at prices ranging from $53.30 to $54.09. The price set forth above reflects the weighted-average price per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the trades were effected. The option, representing a right to purchase a total of 10,000 shares, became exercisable in three annual installments beginning on 1/23/14, which was the first anniversary of the date on which the option was granted. /s/Daniel E. Smith, Attorney-in-Fact for Mark E. Patten 2017-08-24