<SEC-DOCUMENT>0000844059-14-000009.txt : 20140626
<SEC-HEADER>0000844059-14-000009.hdr.sgml : 20140626
<ACCEPTANCE-DATETIME>20140623161313
ACCESSION NUMBER:		0000844059-14-000009
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20131231
FILED AS OF DATE:		20140623
DATE AS OF CHANGE:		20140623

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PATRIOT TRANSPORTATION HOLDING INC
		CENTRAL INDEX KEY:			0000844059
		STANDARD INDUSTRIAL CLASSIFICATION:	TRUCKING & COURIER SERVICES (NO AIR) [4210]
		IRS NUMBER:				592924957
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-17554
		FILM NUMBER:		14935318

	BUSINESS ADDRESS:	
		STREET 1:		200 W. FORSYTH ST.
		STREET 2:		7TH FLOOR
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32202
		BUSINESS PHONE:		9043965733

	MAIL ADDRESS:	
		STREET 1:		200 W. FORSYTH ST.
		STREET 2:		7TH FLOOR
		CITY:			JACKSONVILLE
		STATE:			FL
		ZIP:			32202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FRP PROPERTIES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>patr11k.htm
<DESCRIPTION>PATR 2013 FORM 11-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 3pt 0 0; text-align: center"><B>UNITED STATES </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>WASHINGTON, D.C. 20549 </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: center"><B>FORM 11-K </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: center"><B>FOR ANNUAL REPORTS OF EMPLOYEE STOCK
</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PURCHASE, SAVINGS AND SIMILAR PLANS PURSUANT
TO </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECTION 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0"><B>(Mark One) </B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font: 12pt Courier New, Courier, Monospace; layout-grid-mode: line"><FONT STYLE="font-family: Wingdings">x</FONT></TD>
    <TD STYLE="font: 12pt Courier New, Courier, Monospace; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. </B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: center"><B>For the fiscal year ended: December&nbsp;31,
2013 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: center"><B>OR </B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font: 12pt Courier New, Courier, Monospace; layout-grid-mode: line"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="font: 12pt Courier New, Courier, Monospace; layout-grid-mode: line"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. </B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: center"><B>For the transition period from <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
to <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>.
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: center"><B>Commission file number 33-26115. </B>&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font: 10pt Courier New, Courier, Monospace; layout-grid-mode: line"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">A.</FONT></TD>
    <TD STYLE="font: 10pt Courier New, Courier, Monospace; layout-grid-mode: line"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Full title of the plan and the address of the plan, if different from that of the issuer named below: </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: center"><B>Patriot Transportation Holding, Inc.
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Profit Sharing and Deferred Earnings Plan</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font: 10pt Courier New, Courier, Monospace; layout-grid-mode: line"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">B.</FONT></TD>
    <TD STYLE="font: 10pt Courier New, Courier, Monospace; layout-grid-mode: line"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: </FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: center"><B>Patriot Transportation Holding, Inc.
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>200 W. Forsyth St., 7<SUP>th</SUP> Floor</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Jacksonville, Florida 32202</B></P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin-top: 0; margin-bottom: 0; text-align: center">TABLE OF CONTENTS</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Courier New, Courier, Monospace; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Page(s)</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 87%; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Report of Independent Registered Public Accounting Firm</FONT></TD>
    <TD STYLE="width: 1%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 1%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 10%; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">3</FONT></TD>
    <TD STYLE="width: 1%; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>Financial Statements</B></FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Statements of Net Assets Available for Benefits</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">4</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Statement of Changes in Net Assets Available for Benefits</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">5</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Notes to Financial Statements</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">6-11</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>Supplemental Schedule</B></FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Schedule H, Line 4i - Schedule of Assets (Held at End of Year)</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">12</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Note:&#9;Other schedules required by 29 CFR
2520.103-10 of the Department of Labor's Rules and Regulations for Reporting and Disclosure under ERISA have been omitted because
they are not applicable, or are not required for participant directed investment transactions.</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Report of Independent Registered Public
Accounting Firm</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0">The Participants and Administrator of</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0">Patriot Transportation Holding, Inc.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0">Profit Sharing and Deferred Earnings Plan</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">We have audited the accompanying statements
of net assets available for benefits of the Patriot Transportation Holding, Inc. Profit Sharing and Deferred Earnings Plan (the
Plan) as of December 31, 2013 and 2012, and the related statement of changes in net assets available for benefits for the year
ended December 31, 2013. These financial statements are the responsibility of the Plan&rsquo;s management. Our responsibility is
to express an opinion on these financial statements based on our audits.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">We conducted our audits in accordance with
the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is
not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included
consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan&rsquo;s internal control over
financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made
by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable
basis for our opinion.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">In our opinion, the financial statements
referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31,
2013 and 2012, and the changes in net assets available for benefits for the year ended December 31, 2013, in conformity with accounting
principles generally accepted in the United States of America.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Our audits were conducted for the purpose
of forming an opinion on the basic financial statements taken as a whole. The accompanying supplemental schedule of assets (held
at end of year) as of December 31, 2013 is presented for the purpose of additional analysis and is not a required part of the basic
financial statements but is supplementary information required by the Department of Labor&rsquo;s Rules and Regulations for Reporting
and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the
Plan&rsquo;s management. The supplemental schedule has been subjected to the auditing procedures applied in the audits of the basic
financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements
taken as a whole.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">/s/ Hancock Askew &amp; Co., LLP</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0">Savannah, Georgia</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0">June 20, 2014</P>


<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Patriot Transportation Holding, Inc.</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Profit Sharing and Deferred Earnings Plan</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Statements of Net Assets Available for
Benefits</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>December 31, 2013 and 2012</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Courier New, Courier, Monospace; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>2013</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">2012</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>ASSETS</B></FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 58%; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Investments, at fair value</FONT></TD>
    <TD STYLE="width: 6%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 1%; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>$</B></FONT></TD>
    <TD STYLE="width: 13%; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>26,502,372</B></FONT></TD>
    <TD STYLE="width: 1%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 6%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 1%; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="width: 13%; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">22,351,742</FONT></TD>
    <TD STYLE="width: 1%; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Receivables</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Employer</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>1,143</B></FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1,454</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Employee</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>2,326</B></FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">3,003</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; padding-left: 10pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Notes receivable from participants</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>1,243,585</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1,241,227</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; padding-left: 20pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Total receivable</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>1,247,054</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1,245,684</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; padding-left: 20pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Total assets, at fair value</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>27,749,426</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">23,597,426</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.5pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Net assets available for benefits</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>$</B></FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>27,749,426</B></FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">23,597,426</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; layout-grid-mode: line">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">The accompanying notes are an integral part
of these financial statements.</P>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Patriot Transportation Holding, Inc.</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Profit Sharing and Deferred Earnings Plan</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Statement of Changes in Net Assets Available
for Benefits</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>December 31, 2013</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Courier New, Courier, Monospace; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>ADDITIONS TO NET ASSETS ATTRIBUTED TO:</B></FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 71%; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Dividend and interest income</FONT></TD>
    <TD STYLE="width: 10%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 1%; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="width: 17%; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">554,977</FONT></TD>
    <TD STYLE="width: 1%; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Interest on notes receivable from participants</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">48,665</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Net appreciation in fair value of investments</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">3,800,128</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Contributions</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Employer</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">711,871</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 10pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Employee</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1,701,829</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; padding-left: 10pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Rollovers</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">3,297</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; padding-left: 20pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Total contributions</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">2,416,997</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; padding-left: 20pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Total additions</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">6,820,767</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>DEDUCTIONS FROM NET ASSETS ATTRIBUTED TO:</B></FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Distributions to participants</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">(2,657,136</FONT></TD>
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Administrative expenses</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">(11,631</FONT></TD>
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; padding-left: 20pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Total deductions</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">(2,668,767</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">)</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Net increase</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">4,152,000</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Net assets available for benefits</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; padding-left: 10pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Beginning of year</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">23,597,426</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.5pt; padding-left: 10pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">End of year</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">27,749,426</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; layout-grid-mode: line">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">The accompanying notes are an integral part
of these financial statements.</P>


<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Patriot Transportation Holding, Inc.</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Profit Sharing and Deferred Earnings Plan</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Notes to Financial Statements</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>December 31, 2013 and 2012</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>1.</B>&#9;<B>Description of the Plan</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">The following description of the Patriot
Transportation Holding, Inc. (the &quot;Company&quot;) Profit Sharing and Deferred Earnings Plan (the &quot;Plan&quot;) provides
only general information. Participants should refer to the Plan agreement for a more complete description of the Plan's provisions.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>General</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">The Plan is a defined contribution plan available
to all eligible employees of the Company, as defined in the Plan agreement. The Plan is subject to the provisions of the Employee
Retirement Income Security Act of 1974 (ERISA).</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Contributions</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Each year, participants may contribute up
to 100% of pretax annual compensation, as defined in the Plan. Participants may also contribute amounts representing distributions
from other qualified defined benefit plans, defined contribution or other qualified plans. The Company matches 50% of the first
6% of the participant's deferred earnings contributions. In addition, the Company may make a discretionary contribution to the
Plan each year in an amount determined by the Board of Directors of the Company subject to certain limitations relating to the
aggregate compensation of participants. No discretionary contributions were made by the Company for the 2013 or 2012 Plan years.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Participant Accounts</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Each participant's account is credited with
the participant's contributions, the employer's matching contribution, an allocation of the employer's discretionary contributions
(if any) and Plan earnings. The benefit to which a participant is entitled is the benefit that is available in the participant's
vested account.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Participants direct the investment of their
contributions into various investment options offered by the Plan. The Plan currently offers a money market fund, mutual funds,
and Company stock as investment options for participants. All participants who have not made an election are deemed to have elected
to have contributions made to their accounts invested in the SunTrust Bank FDIC Insured Account.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Vesting</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Participants are fully vested in their voluntary
contributions plus actual earnings thereon. If participants are employed on or after their retirement age, the Company's matching
and discretionary contributions are fully vested. In the event of termination by retirement, death or disability of the participant,
100% of the employer contributions will be distributed to the participant or the participant's designated beneficiary.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Vesting in the Company's matching and discretionary
contributions plus actual earnings thereon is determined for each plan year based on years of service according to the following
schedule. A year of service is defined by the Plan as any Plan year in which the participant worked more than 1,000 hours.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: center"><B>Matching Contributions</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Courier New, Courier, Monospace; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>Vested</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>Years of Service</B></FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>Percentage</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 1%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 44%; layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Less than 1</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 13%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 19%; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">0%</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 21%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">20%</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">40%</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">3</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">60%</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">4</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">80%</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">5</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">100%</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: center"><B>Profit Sharing Contributions</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Courier New, Courier, Monospace; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>Vested</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>Years of Service</B></FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>Percentage</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; width: 1%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 45%; layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Less than 2</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 13%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 18%; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">0%</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 21%; layout-grid-mode: line">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">2</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">20%</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">3</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">40%</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">4</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">60%</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">5</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">80%</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">6</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">100%</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Payment of Benefits</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">On termination of employment, death or disability
of a participant, or upon a participant election for an in-service distribution after age 59 1/2, benefits for distribution shall
be determined based upon the participant's vested account balance on the date of distribution, which shall be made as soon as administratively
feasible or later if so elected by the participant in amounts as provided in the Plan.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Forfeited Accounts</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">The non-vested portion of a terminated participant's
account shall be forfeited and reallocated to the accounts of the remaining participants in the same manner as employer contributions
were originally allocated to such participants. Any forfeiture from an employer discretionary account shall be allocated in the
plan year in which the forfeiture occurs. Any forfeiture from an employer matching account shall be reallocated in the following
plan year. Unallocated forfeitures totaled $49,571 and $50,501 at December 31, 2013 and 2012, respectively. $50,504 was reallocated
to eligible participants in 2013.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Notes Receivable from Participants</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Participants may borrow from their accounts
a minimum of $1,000 and a maximum equal to the lesser of $25,000 or 50% of their vested account balance. Loans bear interest at
the prevailing rate used by commercial lending institutions. Participants may have only two loans outstanding at any time. Loans
are secured by the participant's remaining vested account balance. Loan terms are limited to five years except residential loans,
which are payable up to 15 years. Loan repayment will be deducted from the participant's payroll over the term of the loan. Upon
termination of employment with the Company, the outstanding balance of the loan, including accrued interest, is due immediately
and if not repaid, is considered a distribution.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">When a participant defaults on a loan obtained
from the Plan, the Plan administrator will report the amount of default to the IRS as a distribution from the Plan. Loans in the
amount of $62,621 and $86,111 were in default for the Plan years ended December 31, 2013 and 2012, respectively. A participant&rsquo;s
loan account equals the original principal amount less principal repayments.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>2. &#9;Summary of Significant Accounting
Policies</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Basis of Accounting</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">The financial statements of the Plan are
prepared under the accrual method of accounting in conformity with accounting principles generally accepted in the United States
of America.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Investments Valuation and Income Recognition</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Plan investments are reported at fair value.
Fair value is defined as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction
between market participants at the measurement date (an exit price). See Note 4 for further discussion of fair value measurements.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Investments in common stock are stated at
fair value based upon quoted market prices at year-end. Units or shares of mutual funds (registered investment companies) are stated
at fair value based upon the net asset value of shares held by the Plan at year-end.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Net appreciation or depreciation in fair
value of investments consists of the realized gains or losses and the unrealized appreciation or depreciation on these investments.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Purchases and sales of securities are recorded
on a trade-date basis. Interest income is recorded on the accrual basis when it is earned. Dividends are recorded on the basis
of the ex-dividend date.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Use of Estimates</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">The preparation of financial statements in
conformity with accounting principles generally accepted in the United States of America requires management to make significant
estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein, and disclosure of contingent
assets and liabilities. Actual results could differ from those estimates.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Benefit Payments</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Benefits are recorded when paid.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B></B></P>

<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>3. &#9;Investments</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Investments which exceeded 5% or more of
the Plan&rsquo;s net assets at December 31 are summarized as follows:</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Courier New, Courier, Monospace; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>2013</B></FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: center"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><B>2012</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 60%; padding-left: 20pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Suntrust Bank FDIC Insured Account</FONT></TD>
    <TD STYLE="width: 5%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 1%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 12%; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">2,102,864</FONT></TD>
    <TD STYLE="width: 1%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 7%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 1%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 12%; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">2,055,306</FONT></TD>
    <TD STYLE="width: 1%; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 20pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Federated Prime Obligations Fund SS</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">4,056,612</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">4,276,397</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 20pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Wells Fargo Advantage Prem Lg Co Gr</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">2,685,583</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: center; text-indent: 20pt"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">*</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 20pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Vanguard 500 Index Signal</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1,931,116</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">2,023,142</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 20pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Patriot Transportation Common Stock</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1,915,801</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1,277,376</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 20pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">MFS Moderate Allocation R3</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1,865,331</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: center; text-indent: 20pt"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">*</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 20pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">T. Rowe Price Retirement 2040 Fund - R</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1,826,174</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1,466,871</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 20pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">T. Rowe Price New Horizon</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1,769,294</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1,453,188</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 20pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">T. Rowe Price Retirement 2030 Fund - R</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1,734,964</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1,469,217</FONT></TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 20pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Ridgeworth Moderate Allocations</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: center; text-indent: 20pt"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">*</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1,429,926</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-left: 20pt; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Ridgeworth Select Large Cap Grth Stock</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line; text-align: center; text-indent: 20pt"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">*</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">1,711,824</FONT></TD>
    <TD STYLE="vertical-align: bottom; layout-grid-mode: line">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0.5in">*Investment did not represent
5% or more of Plan&rsquo;s net assets at the respective year end.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">During 2013 the Plan&rsquo;s investments
(including gains and losses on investments bought and sold, as well as held during the year) appreciated in value as follows:</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Courier New, Courier, Monospace; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 71%; layout-grid-mode: line; text-indent: 20pt"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Common stock</FONT></TD>
    <TD STYLE="width: 10%; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 1%; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="width: 17%; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">607,205</FONT></TD>
    <TD STYLE="width: 1%; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line; text-indent: 20pt"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Mutual funds</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">3,192,923</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.5pt; layout-grid-mode: line; text-indent: 20pt"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Net appreciation in fair value of investments</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">3,800,128</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; layout-grid-mode: line">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>4. Fair Value Measurement</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">The fair value measurement standard establishes
a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the
highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the
lowest priority to unobservable inputs (level 3 measurements). The three levels of the fair value hierarchy are described below:</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0.5in">Level 1 - Unadjusted
quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0.5in">Level 2 - Quoted prices
in markets that are not considered to be active or financial instruments for which all significant inputs are observable, either
directly or indirectly;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0.5in">Level 3 - Prices or valuations
that require inputs that are both significant to the fair value measurement and unobservable.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">A financial instrument&rsquo;s level within
the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">The following tables sets forth by level,
within the fair value hierarchy, the Plan's assets at fair value as of December 31, 2013 and December 31, 2012.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Courier New, Courier, Monospace; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Investment assets at Fair Value as of December 31, 2013</FONT></TD>
    <TD STYLE="font-size: 12pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Level 1</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Level 2</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Level 3</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Total </FONT></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Mutual funds:</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">International stock funds</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">1,079,280</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">1,079,280</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Domestic stock funds</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">13,549,297</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">13,549,297</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Bond funds</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">549,177</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">549,177</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Blended funds</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">3,043,426</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">3,043,426</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Total mutual funds</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">18,221,180</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">18,221,180</FONT></TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Interest bearing cash</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">2,102,864</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">2,102,864</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Non-interest bearing cash</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">4,056,612</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">4,056,612</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Patriot Transportation common stock</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">1,915,801</FONT></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">1,915,801</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Vulcan Materials Co common stock</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">205,915</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">205,915</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.5pt; font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Total assets</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">26,502,372</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">26,502,372</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 2.5pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font-size: 9pt; layout-grid-mode: line"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Courier New, Courier, Monospace; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; font-size: 9pt; layout-grid-mode: line"><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;&nbsp;</P>
                                                                               <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD>
    <TD COLSPAN="15" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: center"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Investment assets at Fair Value as of December 31, 2012</FONT></TD>
    <TD STYLE="font-size: 12pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Level 1</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Level 2</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Level 3</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Total </FONT></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Mutual funds:</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">International stock funds</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">819,381</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">819,381</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Domestic stock funds</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">10,040,025</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">10,040,025</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Bond funds</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">768,946</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">768,946</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Blended funds</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">2,882,917</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">2,882,917</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Total mutual funds</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">14,511,269</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">14,511,269</FONT></TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&nbsp;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Interest bearing cash</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">2,055,306</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">2,055,306</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Non-interest bearing cash</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">4,276,397</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">4,276,397</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Patriot Transportation common stock</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">1,277,376</FONT></TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">1,277,376</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Vulcan Materials Co common stock</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">231,394</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">231,394</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.5pt; font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">Total assets</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">22,351,742</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">&mdash;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 9pt; layout-grid-mode: line"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 9pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 9pt Courier New, Courier, Monospace">22,351,742</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 2.5pt; font-size: 9pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="width: 0">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>5. Related Party Transactions</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Certain Plan investments are managed by SunTrust.
SunTrust is the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest transactions. Fees
to the trustee are deducted from investment income. Additionally, the Plan holds an investment in the common stock of the Company.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>6. &#9;Plan Termination</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">While the Company has not expressed any intent
to do so, it may cease matching contributions or terminate the Plan at any time. In the event of termination, the accounts of all
participants would become fully vested and the Company, by written notice to the Trustee and the Committee, may direct either complete
distribution of the assets in the Trust Fund to the participants or, continue the Trust and the distribution of benefits at such
time and in such manner as though the Plan had not been terminated.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>7.&#9;Income Tax Status</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">The Plan obtained its latest determination
letter on October 13, 2011, in which the Internal Revenue Service stated that the Plan was in compliance with the applicable requirements
of the Internal Revenue Code (&quot;IRC&quot;). The Plan administrator believes that the Plan is currently designed and being operated
in compliance with the applicable requirements of the IRC.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">The Plan is subject to routine audits by
the IRS and/or Department of Labor; however, there are currently no audits for any tax periods in progress. The three-year statute
of limitations has closed on Plan years prior to 2010.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>8.&#9;Risks and Uncertainties</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">The Plan provides for investment options
in various investment securities. Investment securities are exposed to risks, such as interest rate, market risk and credit risk.
Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value
of investment securities, it is reasonably possible that changes in risks in the near term would materially affect participants'
account balances and the amounts reported in the statement of net assets available for benefits and the statement of changes in
net assets available for benefits.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Certain financial instruments potentially
subject the Plan to concentrations of credit risk. The Plan limits its credit risk by maintaining its accounts with what the plan
administrator believes to be high quality financial institutions.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>9.&#9;Common Stock Purchase</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">The Plan previously allowed as an investment
option, investment in the common stock of Florida Rock Industries, Inc., previously a related party to the Company. In November
2007, Vulcan Materials Company purchased the common stock of Florida Rock Industries, Inc. All investments in Florida Rock Industries,
Inc. common stock were exchanged for shares of the Vulcan Materials Company common stock and any remaining cash balance was invested
in the STI Classic Prime Quality Money Market fund. Effective December 31, 2007, the option to invest in Vulcan Materials Common
Stock was frozen to new contributions. Any existing investments in Vulcan common stock may remain until the participant elects
to make a transfer to another fund or elects a distribution.</P>


<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Patriot Transportation Holding, Inc.</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Profit Sharing and Deferred Earnings Plan</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Schedule H, Line 4i: Schedule of Assets
(Held at End of Year)</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>December 31, 2013</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>Plan Number 001, EIN 59-2924957 </B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Courier New, Courier, Monospace; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Description of investment</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">including maturity date,</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">rate of interest,</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Identity of issue borrower </FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">collateral, par or</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">&nbsp;Current&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-bottom: 1pt; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">or similar party </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-bottom: 1pt; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; padding-bottom: 1pt; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">maturity value</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-bottom: 1pt; font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Cost**</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">&nbsp;Value&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1pt; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 2%; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 54%; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Federated Prime Obligations Fund SS</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 18%; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Money Market</FONT></TD>
    <TD STYLE="width: 8%; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="width: 15%; font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">4,056,612</FONT></TD>
    <TD STYLE="width: 1%; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Vulcan Materials Co Common Stock</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Common Stock</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">205,915</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">*</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Patriot Transportation Common Stock</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Common Stock</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">1,915,801</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">MFS Moderate Allocation R3</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">1,865,331</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Vanguard 500 Index Signal</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">1,931,116</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">T. Rowe Price Retirement 2010 Fund - R</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">540,420</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">T. Rowe Price New Horizon</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">1,769,294</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">T. Rowe Price Retirement 2020 Fund - R</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">744,759</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">T. Rowe Price US Treasury Intermediate</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">216,434</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">T. Rowe Price Retirement 2030 Fund - R</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">1,734,964</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">T. Rowe Price Retirement 2040 Fund - R</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">1,826,174</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">T. Rowe Price Retirement 2050 Fund - R</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">52,797</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">T. Rowe Price Equity Income Fund A</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">790,815</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">T. Rowe Price Growth Stock R</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">53,243</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">American Century Inflat-Adj Bond Adv</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">82,197</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Wells Fargo Adv Prem Large Co Growth</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">2,685,583</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Federated Mid Cap Index IS</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">901,560</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Royce Opportunity Fund Service</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">417,313</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Invesco International Growth Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">657,112</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Invesco Charter Fund &ndash; A</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">571,890</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Pimco Total Return</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">250,546</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">MFS International Value R3</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">422,168</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Putnam Equity Income Fund &ndash; A</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Mutual Fund</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">707,464</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">*</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Suntrust Bank FDIC Insured Account</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Interest bearing cash</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">2,102,864</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">26,502,372</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">*</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Participant Loans</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Loans with interest</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">rates ranging from</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 1pt; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">4.25% to 9.25%</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">maturing through 2027.</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">1,243,585</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">$</FONT></TD>
    <TD STYLE="border-bottom: black 2.25pt double; font-size: 10pt; layout-grid-mode: line; text-align: right"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">27,745,957</FONT></TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">*</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Party-in-interest as defined by ERISA</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line; text-align: right">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">**</FONT></TD>
    <TD COLSPAN="5" STYLE="font-size: 10pt; layout-grid-mode: line"><FONT STYLE="font: 10pt Courier New, Courier, Monospace">Cost not required for participant-directed investments</FONT></TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; layout-grid-mode: line">&nbsp;</TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 12 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>SIGNATURES</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0.5in">The Plan. Pursuant to
the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan)
have duly caused this annual report to be signed by the undersigned hereunto duly authorized.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Courier New, Courier, Monospace; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">PATRIOT TRANSPORTATION HOLDING, INC.,</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">PROFIT SHARING AND DEFERRED</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">EARNINGS PLAN</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 28px; layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="width: 315px; layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">By:&nbsp;</FONT></TD>
    <TD STYLE="layout-grid-mode: line; text-decoration: underline"><FONT STYLE="font: 11pt Courier New, Courier, Monospace"><U>/s/ John D. Milton, Jr.</U></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Executive Vice President,</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Chief Financial Officer, Treasurer</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">and Secretary of Patriot</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">Transportation Holding, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line">&nbsp;</TD>
    <TD STYLE="layout-grid-mode: line"><FONT STYLE="font: 11pt Courier New, Courier, Monospace">(Principal Financial Officer)</FONT></TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 13 -->
    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Exhibit No.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">23.1&#9;Consent of Independent Registered
Public Accounting Firm dated June 20, 2014.</P>



    <DIV STYLE="margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>


<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify"></P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>2
<FILENAME>exhibit23.htm
<DESCRIPTION>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">EXHIBIT 23.1</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">CONSENT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: justify">We hereby consent to the incorporation by
reference in the Registration Statement on Form S-8 No. 333-125099 of the Patriot Transportation Holding, Inc. Profit Sharing and
Deferred Earnings Plan of our report dated June 20, 2014, relating to the financial statements and supplemental schedule of the
Patriot Transportation Holding, Inc. Profit Sharing and Deferred Earnings Plan which appear in this Form 11-K for the year ended
December 31, 2013.</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">/s/ Hancock Askew &amp; Co., LLP</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">Savannah, Georgia</P>

<P STYLE="font: 11pt Courier New, Courier, Monospace; margin: 0; text-align: justify">June 20, 2014</P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
