0001474506-15-000069.txt : 20150209
0001474506-15-000069.hdr.sgml : 20150209
20150209154332
ACCESSION NUMBER: 0001474506-15-000069
CONFORMED SUBMISSION TYPE: SC 13D
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20150209
DATE AS OF CHANGE: 20150209
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: PATRIOT TRANSPORTATION HOLDING, INC.
CENTRAL INDEX KEY: 0001616741
STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING & COURIER SERVICES (NO AIR) [4210]
IRS NUMBER: 000000000
STATE OF INCORPORATION: FL
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: SC 13D
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-88600
FILM NUMBER: 15588427
BUSINESS ADDRESS:
STREET 1: 200 W. FORSYTH ST.
STREET 2: 7TH FLOOR
CITY: JACKSONVILLE
STATE: FL
ZIP: 32202
BUSINESS PHONE: (877) 704-1776
MAIL ADDRESS:
STREET 1: 200 W. FORSYTH ST.
STREET 2: 7TH FLOOR
CITY: JACKSONVILLE
STATE: FL
ZIP: 32202
FORMER COMPANY:
FORMER CONFORMED NAME: New Patriot Transportation Holding, Inc.
DATE OF NAME CHANGE: 20140814
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: PATRIOT TRANSPORTATION HOLDING, INC.
CENTRAL INDEX KEY: 0001616741
STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING & COURIER SERVICES (NO AIR) [4210]
IRS NUMBER: 000000000
STATE OF INCORPORATION: FL
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: SC 13D
BUSINESS ADDRESS:
STREET 1: 200 W. FORSYTH ST.
STREET 2: 7TH FLOOR
CITY: JACKSONVILLE
STATE: FL
ZIP: 32202
BUSINESS PHONE: (877) 704-1776
MAIL ADDRESS:
STREET 1: 200 W. FORSYTH ST.
STREET 2: 7TH FLOOR
CITY: JACKSONVILLE
STATE: FL
ZIP: 32202
FORMER COMPANY:
FORMER CONFORMED NAME: New Patriot Transportation Holding, Inc.
DATE OF NAME CHANGE: 20140814
SC 13D
1
pati13d_elbtrst20150209.txt
SCHEDULE 13D
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Patriot Transportation Holding, Inc.
------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.10 per share
------------------------------------------------------------------------------
(Title of Class of Securities)
70338W105
------------------------------------------------------------------------------
(CUSIP Number)
Daniel B. Nunn, Jr.
Nelson Mullins
50 N. Laura St.
Suite 2850
Jacksonville, FL 32202
(904) 665-3601
------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 30, 2015
------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box. [ ]
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
Schedule 13D
CUSIP No. 70338W105
------------------------------------------------------------------------------
1. Name of Reporting Person
Edward L. Baker and Thompson S. Baker II, as trustees for
the separate trust for Edward L. Baker created under the
Cynthia L. Baker Trust U/A/D April 30, 1965.
------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [X]
------------------------------------------------
(b) [ ]
------------------------------------------------
3. SEC Use Only
------------------------------------------------------------
4. Source of Funds
OO
------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e) [ ]
------------------------------------------------------------
6. Citizenship or Place of Organization
Florida
------------------------------------------------------------
Number of 7. 141,091 Sole Voting Power
Shares --------------------------
Beneficially 8. 0 Shared Voting Power
Owned by --------------------------
Each 9. 141,091 Sole Dispositive Power
Reporting --------------------------
Person With 10. 0 Shared Dispositive Power
--------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
141,091
------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares [ ]
------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
4.4%
------------------------------------------------------------
14. Type of Reporting Person
I
------------------------------------------------------------
Schedule 13D
CUSIP No. 70338W105
------------------------------------------------------------------------------
1. Name of Reporting Person
Edward L. Baker
------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [X]
------------------------------------------------
(b) [ ]
------------------------------------------------
3. SEC Use Only
------------------------------------------------------------
4. Source of Funds
OO
------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e) [ ]
------------------------------------------------------------
6. Citizenship or Place of Organization
Florida
------------------------------------------------------------
Number of 7. 72,166 Sole Voting Power
Shares --------------------------
Beneficially 8. 141,091 Shared Voting Power
Owned by --------------------------
Each 9. 72,166 Sole Dispositive Power
Reporting --------------------------
Person With 10. 141,091 Shared Dispositive Power
--------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
216,077
------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares [X]
------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
6.7%
------------------------------------------------------------
14. Type of Reporting Person
I
------------------------------------------------------------
Schedule 13D
CUSIP No. 70338W105
------------------------------------------------------------------------------
1. Name of Reporting Person
Thompson S. Baker II
------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) [X]
------------------------------------------------
(b) [ ]
------------------------------------------------
3. SEC Use Only
------------------------------------------------------------
4. Source of Funds
OO
------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e) [ ]
------------------------------------------------------------
6. Citizenship or Place of Organization
Florida
------------------------------------------------------------
Number of 7. 34,183 Sole Voting Power
Shares --------------------------
Beneficially 8. 143,284 Shared Voting Power
Owned by --------------------------
Each 9. 34,183 Sole Dispositive Power
Reporting --------------------------
Person With 10. 143,284 Shared Dispositive Power
--------------------------
11. Aggregate Amount Beneficially Owned by Each Reporting Person
193,826
------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares [X]
------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11)
6.0%
------------------------------------------------------------
14. Type of Reporting Person
I
------------------------------------------------------------
Item 1. Security and the Issuer
The title and class of equity securities to which this Schedule 13D
relates is the shares of common stock, par value $0.10 per share (the "Common
Stock"), of Patriot Transportation Holding, Inc., a Florida corporation (the
"Issuer"). The address of the principal executive offices of the Issuer is
200 W. Forsyth Street, 7th Floor, Jacksonville, FL 32202.
Item 2. Identity and Background
(a) This Schedule 13D is filed on behalf of Edward L. Baker and
Thompson S. Baker II, as trustees for the separate trust for Edward L. Baker
created under the Cynthia L. Baker Trust U/A/D April 30, 1965 (the "ELB
Trust"), and Edward L. Baker and Thompson S. Baker II, individually.
(b) The business address for the ELB Trust is Bessemer Trust company,
Attention Paul Barkus, 630 5th Ave, New York, NY 10111.
The business address for the individual Reporting Person Edward
L. Baker is 200 W. Forsyth Street, 7th Floor, Jacksonville, FL 32202.
The business address for the individual Reporting Person Thompson
S. Baker II is 200 W. Forsyth Street, 7th Floor, Jacksonville, FL 32202.
(c) The Reporting Person Edward L. Baker is the Chairman Emeritus for
the Issuer.
The Reporting Person Thompson S. Baker II is the President and
Chief Executive Officer of the Issuer and FRP Holdings, Inc., both of which
are located at 200 W. Forsyth St., 7th Floor, Jacksonville, FL 32202.
(d) During the last five years, the Reporting Persons have not been
convicted in a criminal proceeding, excluding traffic violations or similar
misdemeanors.
(e) During the last five years, the Reporting Persons were not a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction where, as a result of such proceeding they were or are subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
(f) The Reporting Persons are United States citizens.
Item 3. Source and Amount of Funds or Other Consideration
The Reporting Persons acquired all shares of Common Stock reported in
this Statement as a result of the spin-off of the Issuer by FRP Holdings, Inc.
("FRP") on January 30, 2015 (the "Spin-off"). FRP distributed, by way of a
dividend, all of the shares of Common Stock of the Issuer to its shareholders
of record on January 9, 2015 (the "Record Date"). Shareholders of FRP on the
Record Date received one share of the Issuer's Common Stock for every three
shares of FRP common stock held.
Item 4. Purpose of Transaction
The Reporting Persons acquired all shares of Common Stock reported in
this Statement as a result of the Spin-off and currently intend to hold such
shares for investment purposes. Other than as set forth in this Statement, the
Reporting Persons have no present plans or proposals that relate to or would
result in:
(a) The acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
(c) A sale or transfer of a material amount of assets of the Issuer
or of any of its subsidiaries;
(d) Any change in the present board of directors or management of
the Issuer, including any plans or proposals to change the number or
term of directors or to fill any existing vacancies on the board;
(e) Any material change in the present capitalization or dividend
policy of the Issuer;
(f) Any other material change in the Issuer's business or corporate
structure;
(g) Changes in the Issuer's charter, bylaws or instruments
corresponding thereto or other actions which may impede the
acquisition of control of the Issuer by any person;
(h) A class of securities of the Issuer being delisted from a
national securities exchange or ceasing to be authorized to be
quoted in an inter-dealer quotation system of a registered national
securities association;
(i) A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act;
or
(j) Any action similar to any of those enumerated in items (a)-(i)
above.
The Reporting Persons intend to continuously review their investments
in the Issuer, and may in the future determine (i) to acquire additional
securities of the Issuer, through open market purchases, private agreements
or otherwise, (ii) to dispose of all or a portion of the securities of the
Issuer owned by them or (iii) to take any other available course of action,
which could involve one or more of the types of transactions or have one or
more of the results described in the second paragraph of this Item 4.
Notwithstanding anything contained herein, the Reporting Persons specifically
reserve the right to change their intentions with respect to any or all of
such matters. In reaching any decision as to a course of action (as well as
to the specific elements thereof), the Reporting Persons currently expect
that it would take into consideration a variety of factors, including, but
not limited to, the following: the Issuer's business and prospects; other
developments concerning the Issuer and its businesses generally; other
business opportunities available to the Reporting Persons; developments with
respect to the business of the Reporting Persons; changes in law and
government regulations; general economic conditions; and money and stock
market conditions, including the market price of the securities of the
Issuer.
Item 5. Interest in Securities of the Issuer
(a) As of January 30, 2015, the Reporting Persons, as a group (as
defined in section 13(d)(3) of the Securities Exchange Act) beneficially
owned an aggregate of 268,812 shares of Common Stock, constituting 8.2% of
the Common Stock outstanding.
Edward L. Baker beneficially owned an aggregate of 216,077 shares,
constituting 6.7% of the Common Stock outstanding. This calculation includes:
(i) 141,091 shares held by the ELB Trust, (ii) 14,333 shares that he holds
directly; (iii) 2,820 shares issuable under options that are exercisable
within 60 days of January 30, 2015; (iv) 15,626 shares held by his Living
Trust; (v) 2,542 shares held in his retirement account; and (vi) 20,099
shares that he holds as trustee for the benefit of the daughter of John D.
Baker II, as to which he disclaims beneficial ownership.
Thompson S. Baker II beneficially owned an aggregate of 193,826
shares, constituting 6.0% of the Common Stock outstanding. This calculation
includes: (i) 141,091 shares held by the ELB Trust, as to which he disclaims
beneficial ownership; (ii) 34,170 shares that he holds directly; (iii) 13
shares held in retirement accounts; (v) 15,626 shares issuable under options
that are exercisable within 60 days of January 30, 2015; (v) 733 shares held
by his wife, as to which he disclaims beneficial ownership; and (vi) 2,193
shares held for the benefit of his minor children, as to which he disclaims
beneficial ownership.
(b) As of January 30, 2015, the ELB Trust had sole voting and
dispositive power with respect to 141,091 shares Common Stock and no shared
dispositive power.
Edward L. Baker had sole voting and dispositive power with respect
to 72,166 shares of Common Stock, which includes the (i) 26,191 shares held
in his Living Trust; (ii) 14,333 shares that he holds directly; (iii) 20,099
shares held as trustee for the benefit of the daughter of John D. Baker II;
and (iv) 2,524 shares held in retirement accounts. Mr. Baker had shared
dispositive power with respect to the 141,091 shares of Common Stock held by
the ELB Trust.
Thompson S. Baker II has sole voting and dispositive power with
respect to 34,183 shares of Common Stock, which includes: (i) 34,170 shares
that he holds directly; and (ii) 13 shares held in retirement accounts.
Mr. Baker has shared dispositive power with respect to 143,284 shares of
Common Stock, which includes: (i) 141,091 shares held by the ELB Trust; and
(ii) 2,193 shares held in trust for the benefit of his minor children.
(c) Other than disclosed in this Statement, no transactions were
effected by the Reporting Persons in the past sixty days.
(d) No person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, the
securities described in this Item 5.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer
Not applicable
Item 7. Material to be Filed as Exhibits
None.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
Date: February 9, 2015
/s/ Edward L. Baker
-----------------------------------------
Edward L. Baker
/s/ Thompson S. Baker II
-----------------------------------------
Thompson S. Baker II
/s/ Edward L. Baker, as trustee
-----------------------------------------
Edward L. Baker, as trustee
/s/ Thompson S. Baker II, as trustee
-----------------------------------------
Thompson S. Baker II, as trustee