David Wyles - Feb 7, 2022 Form 4 Insider Report for GREENHILL & CO INC (GHL)

Role: President
Signature: /s/ Harold J. Rodriguez, Jr., Attorney-in-Fact for David A. Wyles
Stock symbol: GHL
Transactions as of: Feb 7, 2022
Transactions value $: $1,147,713
Form type: 4
Date filed: 2/9/2022, 03:11 PM
Previous filing: Feb 3, 2022
Next filing: Feb 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GHL	Common Stock	Options Exercise	$326K	+17.4K	+359.62%	$18.74	22.2K	Feb 7, 2022	Direct
transaction	GHL	Common Stock	Tax liability	-$153K	-8.17K	-36.78%	$18.74	14K	Feb 7, 2022	Direct
transaction	GHL	Common Stock	Options Exercise	$383K	+20.4K	+145.49%	$18.74	34.5K	Feb 7, 2022	Direct
transaction	GHL	Common Stock	Tax liability	-$180K	-9.6K	-27.86%	$18.74	24.9K	Feb 7, 2022	Direct
transaction	GHL	Common Stock	Options Exercise	$276K	+14.7K	+59.23%	$18.74	39.6K	Feb 7, 2022	Direct
transaction	GHL	Common Stock	Tax liability	-$130K	-6.92K	-17.48%	$18.74	32.7K	Feb 7, 2022	Direct
transaction	GHL	Common Stock	Options Exercise	$1.18M	+63K	+192.9%	$18.74	95.7K	Feb 7, 2022	Direct
transaction	GHL	Common Stock	Tax liability	-$555K	-29.6K	-30.95%	$18.74	66.1K	Feb 7, 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	GHL	Restricted Stock Units	Options Exercise	$0	-17.4K	-100%	$0.00^*	0	Feb 7, 2022	Common Stock	17.4K		Direct	F1
transaction	GHL	Restricted Stock Units	Options Exercise	$0	-20.4K	-50%	$0.00	20.4K	Feb 7, 2022	Common Stock	20.4K		Direct	F2
transaction	GHL	Restricted Stock Units	Options Exercise	$0	-14.7K	-33.33%	$0.00	29.5K	Feb 7, 2022	Common Stock	14.7K		Direct	F3
transaction	GHL	Restricted Stock Units	Options Exercise	$0	-63K	-25%	$0.00	189K	Feb 7, 2022	Common Stock	63K		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This restricted stock unit award was granted on February 6, 2018 under the Greenhill & Co., Inc. Equity Incentive Plan. The units comprising the award vest in increments of 20% on the first anniversary of the date of grant, 20% on the second anniversary of the date of grant, 30% on the third anniversary of the date of grant and 30% on the fourth anniversary of the date of grant (each, a vesting date) and are subject to payment within 75 days following each such vesting date. Each unit represents a right to receive one share of Common Stock or an amount equal to the market value of the Common Stock underlying the vested award on the applicable vesting date. Payment may be made in cash, shares of Common Stock or a combination thereof. On February 7, 2022, the fourth vesting of this restricted stock unit award was settled in shares. Shares were withheld to satisfy applicable tax withholding obligations.
F2	This restricted stock unit award was granted on February 5, 2019 under the Greenhill & Co., Inc. Equity Incentive Plan. The units comprising the award vest in equal increments on each of the first, second, third and fourth anniversaries of the date of grant (each, a vesting date) and are subject to payment within 75 days following each such vesting date. Each unit represents a right to receive one share of Common Stock or an amount equal to the market value of the Common Stock underlying the vested award on the applicable vesting date. Payment may be made in cash, shares of Common Stock or a combination thereof. On February 7, 2022, the third vesting of this restricted stock unit award was settled in shares. Shares were withheld to satisfy applicable tax withholding obligations.
F3	This restricted stock unit award was granted on March 12, 2020 under the Greenhill & Co., Inc. 2019 Equity Incentive Plan. The units comprising the award vest in equal increments on January 1 of each of the first, second, third and fourth calendar years following the date of grant (each, a vesting date) and are subject to payment within 75 days following each such vesting date. Each unit represents a right to receive one share of Common Stock or an amount equal to the market value of the Common Stock underlying the vested award on the applicable vesting date. Payment may be made in cash, shares of Common Stock or a combination thereof. On February 7, 2022, the second vesting of this restricted stock unit award was settled in shares. Shares were withheld to satisfy applicable tax withholding obligations.
F4	This restricted stock unit award was granted on February 3, 2021 under the Greenhill & Co., Inc. 2019 Equity Incentive Plan. The units comprising the award vest in equal increments on January 1 of each of the first, second, third and fourth calendar years following the date of grant (each, a vesting date) and are subject to payment within 75 days following each such vesting date. Each unit represents a right to receive one share of Common Stock or an amount equal to the market value of the Common Stock underlying the vested award on the applicable vesting date. Payment may be made in cash, shares of Common Stock or a combination thereof. On February 7, 2022, the first vesting of this restricted stock unit award was settled in shares. Shares were withheld to satisfy applicable tax withholding obligations.