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STRATUS PROPERTIES INC Director's Dealing 2007

Dec 19, 2007

33897_dirs_2007-12-19_31ff08af-f9a3-4611-9361-6320d3202d40.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STRATUS PROPERTIES INC (STRS)
CIK: 0000885508
Period of Report: 2007-12-17

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-12-17 Common Stock F 926 $28.96 Disposed 351295 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3250 Indirect

Footnotes

F1: Amount beneficially owned following the reported transaction includes 92,750 Common Stock Restricted Stock Units.

F2: Shares withheld to cover the taxes due upon the vesting of Common Stock Restricted Stock Units.