STRATUS PROPERTIES INC — Director's Dealing 2011

Jan 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STRATUS PROPERTIES INC (STRS)
CIK: 0000885508
Period of Report: 2011-01-27

Reporting Person: ARMSTRONG WILLIAM H III (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-27	Common Stock	A	30000	—	Acquired	411641	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3250	Indirect

Footnotes

F1: Amount beneficially owned following the reported transaction includes 69,500 Common Stock Restricted Stock Units.

F2: Grant of Common Stock Restricted Stock Units.