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OMB APPROVAL
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- ------ OMB Number: 3235-0362
FORM 5 Expires: April 30, 1997
- ------ Estimated average burden
hours per response .... 1.0
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/ / Check box if no U.S. SECURITIES AND EXCHANGE COMMISSION
longer subject to WASHINGTON, DC 20549
Section 16. Form
4 or Form 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
obligations may
continue. See Filed pursuant to Section 16(a) of the Securities
Instruction 1(b) Exchange Act of 1934,
/ / Form 3 Holdings Section 17(a) of the Public Utility
Reported Holding Company Act of 1935 or Section 30(f) of
/X/ Form 4 the Investment Company Act
Transactions of 1940
Reported
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<S> <C> <C> <C> <C> <C> <C>
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1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person to
Swamp Hall Properties, L.P. The St. Joe Company JOE Issuer (Check all applicable)
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(Last) (First) (Middle) 3. IRS or Social Security 4. Statement for ---- ---
Number of Reporting Month/Year Officer (give Other (Specify
1650 Prudential Drive, Suite 300 Person (Voluntary) 12/1999 ---- title --- below)
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(Street) 51-0385890 5. If Amendment, 7. Individual or Joint/Group Filing
Date of Original (Check Applicable Line)
(Month/Year) Form filed by one
2/2000 ---- Reporting Person
X Form filed by more than one
---- Reporting Person
Jacksonville, FL 32207
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(City) (State) (Zip) TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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1. Title of Security 2. Trans- 3. Transac- 4. Securities Acquired (A) 5. Amount of Se- 6. Owner- 7. Nature
(Instr. 3) action tion or Disposed of (D) curities Benefi- ship of In-
Date Code (Instr. 3, 4 and 5) cially Owned at Form: direct
(Instr. 8) End of Issuer's Direct Benefi-
(Month/ Fiscal Year (D) or cial
Day/ ---------------------------- (Instr. 3 and 4) Indirect Owner-
Year) Amount (A) or Price (I) ship
(D) (Instr. 4) (Instr.
4)
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Common Stock 9/30/99 J 49,643,292 D N/A 52,068,936 D
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
(Print or Type Responses) SEC 2270 (3/91)
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<TABLE>
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FORM 5 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<S> <C> <C> <C> <C> <C> <C> <C>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Trans- 5. Number of 6. Date Exer- 7. Title and Amount 8. Price
Security sion or action action Derivative cisable and of Underlying of
(Instr. 3) Exercise Date Code Securities Ac- Expiration Securities Deriv-
Price of (Month/ (Instr. 8) quired (A) or Date (Instr. 3 and 4) ative
Deriv- Day/ Disposed of (D) (Month/Day/ Secur-
ative Year) (Instr. 3, 4, Year) ity
Security and 5) (Instr. 5)
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Date Expira- Amount or
--------------- Exer- tion Title Number of
(A) (D) cisable Date Shares
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Options (right to buy) $27.00 5/11/99 A -- (1) 5/12/09 common shares 4000 ***
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<S> <C> <C> <C>
1. Title of Derivative 9. Number of 10. Ownership 11. Nature of
Security Derivative of Derivative Indirect
(Instr. 3) Securities Security: Beneficial
Beneficially Direct (D) Ownership
Owned at End or Indirect (l) (Instr. 4)
of Year (Instr. 4)
(Instr. 4)
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Options (right to buy) for 8000 common shares D
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Explanation of Responses: * * * SEE ATTACHMENT.
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. /s/ Swamp Hall Properties, L.P.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ------------------------------- -------
**Signature of Reporting Person Date
Note. File three copies of this Form, one of which must be manually signed. Page 2
If space provided is insufficient, see Instruction 6 for procedure. SEC 2270 (3/91)
By: John F. Porter, III
(1) The options become exerciseable in three equal installments over three Title: President, The Rockland Company
years, with the first group becoming exercisable on 5/9/00, the second Managing General Partner of
group on 5/9/01, and the third group on 5/9/02. Swamp Hall
(Duly Authorized Representative)
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*** Attachment to Form 5 filed by Swamp Hall Properties, L.P. Reporting
Beneficial Ownership of Shares of Common Stock of The St. Joe Company
Dated February 9, 2000
Explanation of Response: Pursuant to Instruction 4(b)(v) of the General
Instructions to Form 5, Swamp Hall Properties, L.P. (the "Partnership") is the
Reporting Person. The Alfred I. duPont Testamentary Trust (the "Trust") is the
sole limited partner of the Partnership and owns all of the outstanding stock in
the corporate general partner of the Partnership. The Trust contributed shares
of common stock of The St. Joe Company (the "Issuer") with respect to which the
Partnership filed a Form 3, together with certain other assets, in exchange for
the entire limited partnership interest in the Partnership. The Trustees of the
Trust also constitute all of the directors of the Nemours Foundation (the
"Foundation"), which also directly and beneficially owns shares of common stock
of the Issuer. The beneficial ownership of the common stock of the Issuer by the
Trust, the Trustees and the Foundation was reported on a Form 4 previously filed
with the Commission on March 10, 1998. The transaction pursuant to which the
Trust contributed to the Partnership shares of common stock of the Issuer owned
directly by the Trust effected only a change in the form of beneficial ownership
by the Trust from direct to indirect and this is exempt from Section 16 of the
Securities Exchange Act of 1934 pursuant to Rule 16a-13 thereunder.
As of September 30, 1999, the Partnership, as part of a liquidating
distribution, distributed to the Trust 49,643,292 shares of the Common Stock,
which represents 58.15%(1) of the issued and outstanding shares of Common Stock
of the Issuer. As a result of this transaction, the Trust directly and
beneficially owns 49,643,292 shares of the Common Stock. As of such date, the
Foundation directly and beneficially owned 2,232,408 shares of Common Stock of
the Issuer, which represents 2.62%(1) of the outstanding Common Stock of the
Issuer. The Trustees, by virtue of their status as the directors of the
Foundation, may be deemed to have indirect beneficial ownership of the shares of
Common Stock owned by the Foundation. In addition, as of such date, Jacob C.
Belin, a Trustee, directly and beneficially owned 27,765 shares of the Common
Stock of the Issuer, William T. Thompson, a Trustee, directly and beneficially
owned 162,000 shares of the Common Stock of the Issuer and Winfred L. Thornton,
a Trustee, directly and beneficially owned 3,471 shares of Common Stock of the
Issuer. Mr. Thornton and Mr. Belin each also directly and beneficially own
options (right to buy) 4000 shares of Common Stock of the Issuer, granted to
them in their capacity as directors of the Issuer, pursuant to the St. Joe
Company 1998 and 1999 Stock Incentive Plans. The number of shares owned by each
of the foregoing Trustees individually and in the aggregate represented less
than 1% of the outstanding Common Stock of the Issuer. The Trustees, by virtue
of their status as Trustees of the Trust and directors of the Foundation, have
the power to vote or direct the vote and the power to dispose or direct the
disposition of the 49,643,292 shares of Common Stock of the Issuer owned by the
Trust and the 2,232,408 shares of Common Stock of the Issuer owned by the
Foundation. Each of Messrs. Belin, Thompson and Thornton have the power to vote
and to dispose of shares of Common Stock of the Issuer owned individually by
such persons. Neither the Partnership, the Trust, the Trustees nor the
Foundation has effected any other transaction in the Issuer's Common Stock with
in the past 60 days.
(1) This percentage is based on the total shares issued and outstanding of the
Issuer on January 31, 2000, as reported in a press release by the Issuer dated
February 9, 2000.
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FORM 5 PAGE 3 OF 7
SWAMP HALL PROPERTIES, L.P.
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NAMES/ADDRESSES OF GROUP FILERS
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<S> <C>
Swamp Hall Properties, L.P. John F. Porter
1650 Prudential Drive, Suite 300 1650 Prudential Drive, Suite 300
Jacksonville, FL 32207 Jacksonville, FL 32207
Winfred L. Thornton Herbert H. Peyton
1650 Prudential Drive, Suite 300 1650 Prudential Drive, Suite 300
Jacksonville, FL 32207 Jacksonville, FL 32207
Jacob C. Belin Alfred I. duPont Testamentary Trust
1650 Prudential Drive, Suite 300 1650 Prudential Drive, Suite 300
Jacksonville, FL 32207 Jacksonville, FL 32207
William T. Thompson III The Nemours Foundation
1650 Prudential Drive, Suite 300 1650 Prudential Drive, Suite 300
Jacksonville, FL 32207 Jacksonville, FL 32207
Hugh M. Durden
1650 Prudential Drive, Suite 300
Jacksonville, FL 32207
</TABLE>
FORM 5 PAGE 4 OF 7
SWAMP HALL PROPERTIES, L.P.
<PAGE> 5
SIGNATURES
Swamp Hall Properties, L.P.
By: /s/ John F. Porter, III
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John F. Porter, III, President
The Rockland Company,
managing general partner of
Swamp Hall Properties, L.P.
(Duly Authorized Representative)
2/22/00
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(Date)
/s/ W. L. Thornton
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(Signature)
Winfred L. Thornton
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(Name)
2/22/00
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(Date)
/s/ Jacob C. Belin
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(Signature)
Jacob C. Belin
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(Name)
2/22/00
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(Date)
/s/ William T. Thompson
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(Signature)
William T. Thompson
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(Name)
FORM 5 PAGE 5 OF 7
SWAMP HALL PROPERTIES, L.P.
<PAGE> 6
2/22/00
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(Date)
/s/ Hugh M. Durden
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(Signature)
Hugh M. Durden
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(Name)
2/22/00
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(Date)
/s/ John F. Porter III
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(Signature)
John F. Porter III
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(Name)
2/22/00
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(Date)
/s/ Herbert H. Peyton
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(Signature)
Herbert H. Peyton
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(Name)
2/22/00
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(Date)
Alfred I. DuPont Testamentary Trust
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(Name of Trust)
/s/ W. L. Thornton
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(Signature)
Winfred L. Thornton
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(Name)
Chairman
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(Title)
FORM 5 PAGE 6 OF 7
SWAMP HALL PROPERTIES, L.P.
<PAGE> 7
2/22/00
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(Date)
The Nemours Foundation
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(Name of Foundation)
/s/ Jacob C. Belin
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(Signature)
Jacob C. Belin
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(Name)
Chairman
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(Title)
FORM 5 PAGE 7 OF 7
SWAMP HALL PROPERTIES, L.P.
