FRP HOLDINGS, INC. — Director's Dealing 2012

May 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PATRIOT TRANSPORTATION HOLDING INC (PATR)
CIK: 0000844059
Period of Report: 2012-05-02

Reporting Person: FICHTHORN LUKE E III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-02	Common Stock	M	3000	$7.553	Acquired	69929	Direct
2012-05-02	Common Stock	M	3000	$7.2	Acquired	72929	Direct
2012-05-02	Common Stock	M	3000	$7.923	Acquired	75929	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-02	Option to Buy	$7.553	M	3000	Disposed	2012-08-06	Common Stock (3000)	Direct
2012-05-02	Option to Buy	$7.2	M	3000	Disposed	2012-10-02	Common Stock (3000)	Direct
2012-05-02	Option to Buy	$7.923	M	3000	Disposed	2012-12-03	Common Stock (3000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9000	Indirect
Common Stock	300	Indirect

Footnotes

F1: Shares held by M/B Margaret P. Disbro Trust, of which Mr. Fichthorn is a co-trustee and beneficiary.