X0306 4 2018-01-29 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 2018-01-29 4 F 0 1700 66.19 D 113224 D On 1/29/18, a total of 6,217 shares of restricted common stock of the Issuer, a portion of such share having been awarded to the reporting person on each of 1/28/2015, 1/27/2016 and 1/25/2017, became vested and unrestricted. A portion of the vesting shares was withheld by the Issuer in order to satisfy the reporting person's tax liability. This amount includes 11,202 shares of restricted common stock which vest over time, and 22,000 shares or 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 2018-01-31