P0420 Catalyst System Efficiency Below Threshold (Bank 1)
B1600 PATS Ignition Key Transponder Signal Is Not Received
The converter is pretty much read via an O2 sensor.
While in 4X4 were you driving it pretty hard or in a different manner than you normally do? It may be nothing more than a shot of fuel that did not get burned in the cylinder, thus the converter see's a too rich system and trips the code.
The transponder is ONLY needed to actually start the Trac. If you were able to remove the key once it is started, the PATS system would not affect a thing and it would keep running. Though it does look for the signal, the signal is not needed to run the vehicle.
Other than a freak timing, there really is no connection between these codes unless a common wire was damaged or a fuse for example.
I am betting you got a temporary glitch is all.
Reset the codes and see if they come back...