| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TPHS | Restricted Stock Units | Award | $0 | +220K | $0.00 | 220K | Jan 3, 2022 | Common Stock | 220K | Direct | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | Each restricted stock unit ("RSU") converts into one share of common stock of Trinity Place Holdings Inc. |
| F2 | The RSUs will vest as follows: 73,333 of the RSUs will vest on each of January 1, 2023 and 2024 and 73,334 of the RSUs will vest on January 1, 2025, subject to the reporting person's continued employment on the applicable vesting dates; provided that (i) all of the RSUs will automatically vest in the event of a termination of the reporting person's employment without cause or his resignation for good reason, and (ii) upon a termination of the reporting person's employment due to death or disability, those RSUs that would have vested during the 24-month period following the death or disability shall automatically vest upon the occurrence of such death or disability. |
| F3 | One share of common stock will be distributed to the reporting person with respect to each vested RSU during the thirty (30) day period after the applicable vesting date, except in the case of accelerated vesting upon a termination of employment, in which case the applicable RSU award(s) shall settle on the 60th day following the applicable vesting day (or six months after termination, to the extent required under Internal Revenue Code Section 409A). |