X0306 4 2016-07-14 1 0000885508 STRATUS PROPERTIES INC STRS 0000901719 BERG CARL E 10050 BRANDLEY DRIVE CUPERTINO CA 95014 0 0 1 0 Common Stock 2016-07-14 4 S 0 1967 19.92 D 1419035 D Common Stock 2016-07-15 4 S 0 3720 19.59 D 1415315 D Common Stock 2016-07-18 4 S 0 500 19.50 D 1414815 D Common Stock 2016-07-19 4 S 0 2100 18.92 D 1412715 D Common Stock 2016-07-20 4 S 0 57962 18.60 D 1354753 D Common Stock 2016-07-21 4 S 0 1448 18.57 D 1353305 D Common Stock 2016-07-22 4 S 0 1273 18.50 D 1352032 D Common Stock 2016-08-09 4 S 0 947 18.50 D 1351085 D Common Stock 2016-08-10 4 S 0 202 18.50 D 1350883 D Common Stock 2016-08-11 4 S 0 535 18.57 D 1350348 D Common Stock 2016-08-12 4 S 0 4470 18.77 D 1345878 D Common Stock 2016-08-15 4 S 0 3020 18.99 D 1342858 D Common Stock 2016-08-16 4 S 0 1500 18.72 D 1341358 D Common Stock 2016-08-17 4 S 0 100 18.54 D 1341258 D Common Stock 2016-08-30 4 S 0 170256 18.50 D 1171002 D Common Stock 2016-09-01 4 S 0 1010000 18.50 D 161002 D Reflects the weighted average sales price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $19.85 to $20.22, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares sold at each separate price within the range specified. Reflects the weighted average sales price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $19.50 to $19.77, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares sold at each separate price within the range specified. Reflects the weighted average sales price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $18.75 to $19.17, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares sold at each separate price within the range specified. Reflects the weighted average sales price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $18.60 to $18.75, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares sold at each separate price within the range specified. Reflects the weighted average sales price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $18.50 to $18.60, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares sold at each separate price within the range specified. Reflects the weighted average sales price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $18.50 to $18.70, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares sold at each separate price within the range specified. Reflects the weighted average sales price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $18.50 to $19.02, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same; with the full information regarding the number of shares sold at each separate price within the range specified. Reflects the weighted average sales price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $18.72 to $19.13, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares sold at each separate price within the range specified. Reflects the weighted average sales price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $18.53 to $19.00, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares sold at each separate price within the range specified. Reflects the weighted average sales price for the reported transactions. The shares were sold in multiple transactions at prices ranging from $18.50 to $18.54, inclusive. The Reporting Person will provide the SEC staff, the Issuer, or any security holder of the Issuer, upon request for same, with the full information regarding the number of shares sold at each separate price within the range specified. /s/ Carl E. Berg 2016-09-01