FRP HOLDINGS, INC. — Director's Dealing 2011

May 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PATRIOT TRANSPORTATION HOLDING INC (PATR)
CIK: 0000844059
Period of Report: 2011-05-18

Reporting Person: BAKER JOHN D II (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-18	Common Stock	P	667	$22.28	Acquired	25812	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	149103	Indirect
Common Stock	5889	Indirect
Common Stock	1113042	Indirect
Common Stock	4647	Indirect
Common Stock	87300	Indirect
Common Stock	20001	Indirect
Common Stock	87197	Indirect

Footnotes

F1: Shares held by John D. Baker II Living Trust for which the reporting person serves as trustee.

F2: Shares held by wife's living trust.

F3: Shares held by John D. Baker II and Edward L. Baker II, as trustee for the separate trust for John D. Baker II created under Cynthia L. Baker Trust U/A/D April 30, 1965.

F4: Shares held as beneficiary of the issuer's Employee Benefit Plan (401(k) Profit Sharing Plan).

F5: Shares held by John D. Baker II Irrevocable Trust, the trust is administered by the reporting person's brother as trustee and is for the benefit of the reporting person's son, John D. Baker II. The reporting person disclaims beneficial interest in these shares.

F6: Shares held by John D. Baker II Irrevocable Trust #1. The trust is administered by an independent trustee and is for the benefit of the reporting person's spouse and children. The reporting person disclaims any beneficial interest in these shares.

F7: Shares held by Susan Anne Baker Irrevocable Trust. The trust is administered by the reporting person's brother as trustee and is for the benefit of the reporting person's daughter, Susan Anne Baker. The reporting person disclaims beneficial interest in these shares.