SEC Form 4 · accession 0000899243-18-001233
Five Point Holdings, LLC · FPH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Erik R. Higgins
Officer — See Remarks
Period of report
Jan 15, 2018
Accepted (ET)
Jan 17, 2018 · 7:39 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001574197
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A common sharesF1 | Jan 15, 2018 | A | 134,861 | $0.00 | A | 210,541 | D | |
| Class A common shares | Jan 15, 2018 | F | 7,529 | $14.83 | D | 203,012 | D | |
| Class A common sharesF2 | Jan 16, 2018 | M | 18,144 | — | A | 221,156 | D | |
| Class A common shares | Jan 16, 2018 | F | 9,042 | $14.59 | D | 212,114 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted share unitsF3 | — | Jan 16, 2018 | M | 18,144 | D | — | — | Class A common shares | 18,144 | 36,289 | D |
Explanation of responses
- F1These shares are subject to certain restrictions upon transfer and rights of forfeiture as set forth in the Five Point Holdings, LLC 2016 Incentive Award Plan (the "2016 Incentive Award Plan") and an agreement entered into between the registered owner and Five Point Holdings, LLC (the "Company"), copies of which are on file with the secretary of the Company. Such restricted shares will vest in three equal annual installments beginning on January 15, 2019.
- F2Restricted share units were settled on a one-for-one basis in Class A common shares.
- F3On June 1, 2016, the reporting person was granted such restricted share units pursuant to the 2016 Incentive Award Plan. Such restricted share units have vested. The remaining unsettled restricted share units will settle on a one-for-one basis in Class A common shares or cash, at the option of the Company, in two equal installments on January 15, 2019 and January 15, 2020.
Remarks
Chief Financial Officer and Vice President