FRP HOLDINGS, INC. — Director's Dealing 2011

Dec 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PATRIOT TRANSPORTATION HOLDING INC (PATR)
CIK: 0000844059
Period of Report: 2011-12-06

Reporting Person: SANDLIN ROBERT E (President & CEO of FRTL)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-06	Option to Buy	$22.25	A	10595	Acquired	2021-12-06	Common Stock (10595)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12231.5	Indirect
Common Stock	450	Direct

Footnotes

F1: Shares held as beneficiary of the issuer's profit sharing plan.

F2: The reporting person was awarded 10,595 stock options pursuant to the Company's 2006 Stock Incentive Plan. The options vest ratably over 5 years commencing on the first anniversary of the grant date.