STEVEN KAHN - 06 Jan 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
Issuer symbol
TPHS
Transactions as of
06 Jan 2022
Net transactions value
-$20,968
Form type
4
Filing time
07 Jan 2022, 15:16:37 UTC
Previous filing
04 Jan 2022
Next filing
05 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPHS Common Stock Options Exercise +12,500 +14% 103,583 06 Jan 2022 Direct F1
transaction TPHS Common Stock Tax liability $8,736 -4,908 -4.7% $1.78 98,675 06 Jan 2022 Direct
transaction TPHS Common Stock Options Exercise +17,500 +18% 116,175 06 Jan 2022 Direct F1
transaction TPHS Common Stock Tax liability $12,232 -6,872 -5.9% $1.78 109,303 06 Jan 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 -12,500 -100% $0.000000* 0 06 Jan 2022 Common Stock 25,000 Direct F1, F2
transaction TPHS Restricted Stock Units Options Exercise $0 -17,500 -50% $0.000000 17,500 06 Jan 2022 Common Stock 17,500 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.