FRP HOLDINGS, INC. — Director's Dealing 2012

Jan 20, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PATRIOT TRANSPORTATION HOLDING INC (PATR)
CIK: 0000844059
Period of Report: 2012-01-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-19	Common Stock	M	3000	$9.667	Acquired	28812	Direct
2012-01-19	Common Stock	M	3000	$10.147	Acquired	31812	Direct
2012-01-19	Common Stock	M	3000	$7.553	Acquired	34812	Direct
2012-01-19	Common Stock	M	3000	$7.2	Acquired	37812	Direct
2012-01-19	Common Stock	M	3000	$7.923	Acquired	40812	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-19	Option to Buy	$9.667	M	3000	Disposed	2012-02-05	Common Stock (3000)	Direct
2012-01-19	Option to Buy	$10.147	M	3000	Disposed	2012-04-30	Common Stock (3000)	Direct
2012-01-19	Option to Buy	$7.553	M	3000	Disposed	2012-08-06	Common Stock (3000)	Direct
2012-01-19	Option to Buy	$7.2	M	3000	Disposed	2012-10-02	Common Stock (3000)	Direct
2012-01-19	Option to Buy	$7.923	M	3000	Disposed	2012-12-03	Common Stock (3000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6713	Indirect
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	87297	Indirect

Footnotes

F1: Shares held by John D. Baker in IRA.

F2: Shares held by John D. Baker II Living Trust for which the reporting person serves as trustee.

F3: Shares held by wife's living trust.

F4: Shares held by John D. Baker II and Edward L. Baker II, as trustee fo the separate trust for John D. Baker II created under Cynthia L. Baker Trust U/A/D April 30, 1965.

F5: Shares held as beneficiary of issuer's Employee Benefit Plan 401k profit sharing plan.

F6: 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.

F7: 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.

F8: Shares held by Susan Anne Baker Irrevocable Trust. The trust is administerd 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.