Unregistered Sales of Equity Securities and Use of Proceeds .
−Removed: There were no unregistered sales of equity securities and no repurchases of common stock during the three months ended June 30, 2022.
+Added: There were no unregistered sales of our equity securities during the three months ended September 30, 2022.
+Added: The following table provides a summary of repurchases of shares of our common stock by our company and any “affiliated purchaser” as defined by the SEC during the three months ended September 30, 2022, and the approximate dollar value of shares (in thousands) that may yet be purchased pursuant to our share repurchase program as of September 30, 2022:
+Added: Period Total Number
+Added: Purchased Average
+Added: Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs a
+Added: Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs a
+Added: July 1, 2022 through July 31, 2022 — $ — — $ —
+Added: August 1, 2022 through August 31, 2022 — $ — — $ —
+Added: September 1, 2022 through September 30, 2022 33,958 $ 23.49 33,958 $ 9,201
+Added: 33,958 $ 23.49 33,958
+Added: On September 2, 2022, we announced that our Board approved a new share repurchase program authorizing repurchases of up to $10.0 million of our common stock.
+Added: The timing, price and number of shares that may be repurchased under the program will be based on market conditions, applicable securities laws and other factors considered by management.
+Added: Share repurchases under the program may be made from time to time through solicited or unsolicited transactions in the open market, in privately negotiated transactions or by other means in accordance with securities laws.
+Added: The share repurchase program does not obligate us to repurchase any specific amount of shares, does not have an expiration date, and may be suspended, modified or discontinued at any time without prior notice.
+Added: The new program replaces our prior share repurchase program.
+Added: Through November 4, 2022, we have acquired 105,415 shares of our common stock for a total cost of $2.6 million at an average price of $25.02 per share, and $7.4 million remains available for repurchases under the program.
Incorporated by Reference
18 unchanged sentences
10-Q 001-37716 8/9/2017
−Removed: Incorporated by Reference
−Removed: Number Exhibit Title Filed with this Form 10-Q Form File No.
Investor Rights Agreement by and between Stratus Properties Inc.
3 unchanged sentences
13D 005-42652 3/5/2014
−Removed: Loan Agreement by and between Stratus Properties Inc., certain of its subsidiaries and Comerica Bank, dated as of June 29, 2018.
−Removed: 8-K 001-37716 7/5/2018
−Removed: Amended and Restated Revolving Promissory Note by and between Stratus Properties Inc., certain of its subsidiaries and Comerica Bank, dated as of May 13, 2022.
−Removed: 10-Q 001-37716 5/16/2022
−Removed: Modification Agreement by and between Stratus Properties Inc., certain of its subsidiaries and Comerica Bank, effective as of April 14, 2020.
−Removed: 8-K 001-37716 4/17/2020
−Removed: Second Modification Agreement by and between Stratus Properties Inc., certain of its subsidiaries and Comerica Bank, effective as of June 12, 2020.
−Removed: 8-K 001-37716 6/15/2020
−Removed: Third Modification Agreement by and between Stratus Properties Inc., certain of its subsidiaries and Comerica Bank, effective as of May 13, 2022.
−Removed: 10-Q 001-37716 5/16/2022
Construction Loan Agreement by and between The Saint George Apartments, L.P., as borrower, and Comerica Bank, as lender, dated July 19, 2022.
6 unchanged sentences
8-K 001-37716 7/21/2022
−Removed: Amended and Restated Limited Partnership Agreement of Stratus Block 150, L.P.
−Removed: entered into by and among The Stratus Block 150 GP, L.L.C., Stratus Properties Operating Co., L.P., and several Class B Limited Partners.
−Removed: 10-Q 001-37716 11/15/2021
−Removed: First Amendment to the Amended and Restated Limited Partnership Agreement of Stratus Block 150, L.P.
−Removed: 10-Q 001-37716 5/16/2022
−Removed: Severance and Change of Control Agreement between Stratus Properties Inc.
−Removed: and William H.
−Removed: Armstrong III, effective April 1, 2022.
+Added: Construction Loan Agreement by and between Lantana Place, L.L.C., as borrower, and Southside Bank, as lender, dated April 28, 2017.
8-K 001-37716 5/3/2017
−Removed: Severance and Change of Control Agreement between Stratus Properties Inc.
−Removed: Pickens, effective April 1, 2022.
+Added: Promissory Note by and between Lantana Place, L.L.C.
+Added: and Southside Bank dated April 28, 2017.
10-K 001-37716 3/31/2022
−Removed: Stratus Properties Inc.
−Removed: 2022 Stock Incentive Plan.
+Added: First Amendment to Construction Loan Agreement by and between Lantana Place, L.L.C., as borrower, and Southside Bank, as lender, dated December 13, 2017.
10-K 001-37716 3/16/2018
−Removed: Certification of Principal Executive Officer pursuant to Rule 13a-14(a)/15d-14(a).
−Removed: Certification of Principal Financial Officer pursuant to Rule 13a-14(a)/15d-14(a).
+Added: Loan Modification Agreement by and between Lantana Place, L.L.C., as borrower, and Southside Bank, as lender, effective as of June 19, 2020.
+Added: 10-Q 001-37716 6/25/2020
Incorporated by Reference
Number Exhibit Title Filed with this Form 10-Q Form File No.
+Added: Second Loan Modification Agreement by and between Lantana Place, L.L.C.
+Added: and Southside Bank, effective as of January 4, 2021.
+Added: 10-K 001-37716 3/15/2021
+Added: Loan Modification Agreement by and between Lantana Place, L.L.C.
+Added: and Southside Bank, effective as of January 13, 2022.
+Added: 10-K 001-37716 3/31/2022
+Added: Loan Modification Agreement by and between Lantana Place, L.L.C.
+Added: and Southside Bank, effective as of August 26, 2022.
+Added: Certification of Principal Executive Officer pursuant to Rule 13a-14(a)/15d-14(a).
+Added: Certification of Principal Financial Officer pursuant to Rule 13a-14(a)/15d-14(a).
Certification of Principal Executive Officer pursuant to 18 U.S.C.
9 unchanged sentences
104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101).
−Removed: * Indicates management contract or compensatory plan or arrangement.
−Removed: † Certain identified information has been excluded from this exhibit because it is both not material and is the type that the registrant customarily and actually treats as private or confidential.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
6 unchanged sentences
Principal Accounting Officer)
−Removed: August 15, 2022
+Added: November 14, 2022
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.