Richard Guy Pyontek - 06 Jan 2023 Form 4 Insider Report for Trinity Place Holdings Inc. (TPHS)

Role: Chief Accounting Officer
Signature: /s/ Richard Pyontek
Issuer symbol: TPHS
Transactions as of: 06 Jan 2023
Net transactions value: -$1,881
Form type: 4
Filing time: 09 Jan 2023, 15:16:49 UTC
Previous filing: 05 Jan 2023
Next filing: 03 Jan 2024
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		+2,500	+8.4%		32,302	06 Jan 2023	Direct	F1
transaction	TPHS	Common Stock	Tax liability	$723	-1,033	-3.2%	$0.7000	31,269	06 Jan 2023	Direct
transaction	TPHS	Common Stock	Options Exercise		+4,000	+13%		35,269	06 Jan 2023	Direct	F1
transaction	TPHS	Common Stock	Tax liability	$1,158	-1,654	-4.7%	$0.7000	33,615	06 Jan 2023	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	-2,500	-100%	$0.000000^*	0	06 Jan 2023	Common Stock	5,000		Direct	F1, F2
transaction	TPHS	Restricted Stock Units	Options Exercise	$0	-4,000	-50%	$0.000000	4,000	06 Jan 2023	Common Stock	4,000		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") represents the right to receive one share of common stock of Trinity Place Holdings Inc.
F2	On January 4, 2021, the reporting person was granted 5,000 RSUs. 2,500 of the RSUs each vested on January 1, 2022 and 2023. The settlement of the RSUs that vested on January 1, 2023 occurred on January 6, 2023.
F3	On January 3, 2022, the reporting person was granted 8,000 RSUs. 4,000 of the RSUs vested on January 1, 2023 and 4,000 RSUs will vest on January 1, 2024, 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 4,000 RSUs that had not previously vested will immediately vest. The settlement of the vested RSUs occurred on January 6, 2023.