X0306 4 2018-01-24 0 0000023795 CONSOLIDATED TOMOKA LAND CO CTO 0001392476 Albright John P P. O. BOX 10809 DAYTONA BEACH FL 32120-0809 1 1 0 0 President & CEO Common Stock 2018-01-24 4 F 0 628 66.98 D 108823 D Common Stock 2018-01-24 4 A 0 6101 0 A 114924 D On 1/18/2018, the vesting criteria for 2,000 shares of restricted common stock of the Issuer, which restricted shares were awarded to the reporting person on 5/20/2015, were satisfied. A portion of the vesting shares was withheld by the Issuer in order to satisfy the reporting person's payroll tax withholding liability. This amount includes 11,318 shares of restricted common stock which vest over time, and 22,000 shares of restricted common stock which vest based on share price appreciation, both of which were previously reported. Restricted shares one-third of which vest on each of the first, second and third anniversaries of January 28, 2018, provided that the reporting person is an employee of the Issuer on those dates. The fair market value of the common stock on the date of the grant was $65.95 per share, but the fair market value of the award when vested will be the fair market value of the common stock on each vesting date. This amount includes the 6,101 restricted shares reported above, as well as 11,318 additional shares of restricted common stock which vest over time, and 22,000 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 2018-01-26