Steven Kahn - Jan 6, 2022 Form 4 Insider Report for Trinity Place Holdings Inc. (TPHS)

Role
Chief Financial Officer
Signature
/s/ Richard Pyontek, as Attorney-in-Fact for Steven Kahn
Stock symbol
TPHS
Transactions as of
Jan 6, 2022
Transactions value $
-$20,968
Form type
4
Date filed
1/7/2022, 03:16 PM
Previous filing
Jan 4, 2022
Next filing
Jan 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPHS Common Stock Options Exercise +12.5K +13.72% 104K Jan 6, 2022 Direct F1
transaction TPHS Common Stock Tax liability -$8.74K -4.91K -4.74% $1.78 98.7K Jan 6, 2022 Direct
transaction TPHS Common Stock Options Exercise +17.5K +17.73% 116K Jan 6, 2022 Direct F1
transaction TPHS Common Stock Tax liability -$12.2K -6.87K -5.92% $1.78 109K Jan 6, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TPHS Restricted Stock Units Options Exercise $0 -12.5K -100% $0.00* 0 Jan 6, 2022 Common Stock 25K Direct F1, F2
transaction TPHS Restricted Stock Units Options Exercise $0 -17.5K -50% $0.00 17.5K Jan 6, 2022 Common Stock 17.5K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") converts into one share of common stock of Trinity Place Holdings Inc. (the "Issuer").
F2 On January 2, 2020, the reporting person was granted 25,000 RSUs. 12,500 of the RSUs vested on each of January 1, 2021 and 2022. The settlement of the RSUs that vested on January 1, 2022 occurred on January 6, 2022.
F3 On January 4, 2021, the reporting person was granted 35,000 RSUs. 17,500 of the RSUs vested on January 1, 2022 and 17,500 RSUs will vest on January 1, 2023, subject to the reporting person's continued employment on the vesting date. In the event the reporting person's employment is terminated by the Company without Cause (as defined in the reporting person's employment agreement), the remaining 17,500 RSUs that had not previously vested will immediately vest. The settlement of the vested RSUs occurred on January 6, 2022.