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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
885508	Stratus Properties Inc	STRS	Land Subdividers & Developers (No Cemeteries) (6552)	721211572

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1200801	G Bruce Garrison	1177 West Loop South Suite 1310 Houston TX 77027		No	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2012-04-09	625	$8.90	20,625	No	4	M	Direct
Common Stock	Acquisiton	2012-04-09	1,250	$6.23	21,875	No	4	M	Direct
Common Stock	Disposition	2012-04-09	2,830	$8.82	19,045	No	4	S	Direct
Common Stock	Disposition	2012-04-09	1,875	$9.27	17,170	No	4	S	Direct
Common Stock	Disposition	2012-04-10	70	$7.89	17,100	No	4	S	Direct
Common Stock	Disposition	2012-04-10	2,100	$8.00	15,000	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Options (right to buy)	Disposition	2012-04-09	625	$0.00	625	$8.90
Common Stock	Options (right to buy)	Disposition	2012-04-09	1,250	$0.00	1,250	$6.23

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,875	2011-09-01	2020-09-01	No	4	M	Direct
1,250	2010-09-01	2019-09-01	No	4	M	Direct

Footnotes

25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof.
The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $8.0498 - $9.0398. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.
The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $9.11 - $9.442. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.