SEC Form 4 · accession 0001144204-16-125980
Trinity Place Holdings Inc. · TPHS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven Kahn
Officer — Chief Financial Officer
Period of report
Sep 21, 2016
Accepted (ET)
Sep 29, 2016 · 1:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000724742
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 21, 2016 | M | 10,000 | — | A | 10,000 | D | |
| Common Stock | Sep 21, 2016 | F | 3,697 | $9.63 | D | 6,303 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Sep 21, 2016 | M | 10,000 | D | — | — | Common Stock | 10,000 | 20,000 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") converts into one share of common stock of Trinity Place Holdings Inc. (the "Issuer").
- F2On October 8, 2015, the reporting person was granted 30,000 RSUs. 10,000 of the RSUs will vest on each of September 21, 2016, 2017 and 2018, subject to the reporting person's continued employment on the applicable vesting dates. In the event the reporting person's employment is terminated by the Company without Cause (as defined in the reporting person's employment agreement), 10,000 RSUs that had not previously vested will immediately vest and in the event the reporting person's employment is terminated by the Company without Cause within six (6) months after a Change in Control (as defined in the RSU award agreement), all unvested RSUs will immediately vest. The settlement of the RSUs that vested on September 21, 2016 occurred on September 26, 2016.