X0306 4 2017-12-15 0 0000023795 CONSOLIDATED TOMOKA LAND CO CTO 0001392476 Albright John P 1140 N. WILLIAMSON BLVD. SUITE 140 DAYTONA BEACH FL 32114 1 1 0 0 President & CEO Common Stock 2017-12-15 4 S 0 1453 62.8672 D 109451 D This transaction was executed in multiple trades at prices ranging from $62.51 to $63.23. 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 transactions were effected. This amount includes 11,318 shares of restricted common stock which vest over time and 24,000 shares of restricted common stock which vest based on share price appreciation, both of which were previously reported. /s/ Daniel E. Smith, attorney-in-fact for John P. Albright 2017-12-19