X0306 4 2018-01-29 0 0000023795 CONSOLIDATED TOMOKA LAND CO CTO 0001623528 Smith Daniel Earl P.O. BOX 10809 DAYTONA BEACH FL 32120 0 1 0 0 Sr. VP & General Counsel Common Stock 2018-01-29 4 F 0 498 66.19 D 11968 D On 1/29/2018, a total of 1,833 shares of restricted common stock of the Issuer, a portion of such shares 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 4,134 shares of restricted common stock which vest over time, and 1,250 shares of restricted common stock which vest based on share price appreciation, both of which were previously reported. /s/ Daniel E. Smith 2018-01-31