KAHN STEVEN 4
4 · Trinity Place Holdings Inc. · Filed Jan 9, 2023
Insider Transaction Report
Form 4
KAHN STEVEN
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2023-01-06−17,500→ 0 total→ Common Stock (35,000 underlying) - Exercise/Conversion
Common Stock
2023-01-06+17,500→ 126,803 total - Exercise/Conversion
Common Stock
2023-01-06+15,000→ 134,567 total - Tax Payment
Common Stock
2023-01-06$0.70/sh−6,202$4,341→ 128,365 total - Tax Payment
Common Stock
2023-01-06$0.70/sh−7,236$5,065→ 119,567 total - Exercise/Conversion
Restricted Stock Units
2023-01-06−15,000→ 15,000 total→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") converts into one share of common stock of Trinity Place Holdings Inc. (the "Issuer").
- [F2]On January 4, 2021, the reporting person was granted 35,000 RSUs. 17,500 of the RSUs vested on each of 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 30,000 RSUs. 15,000 of the RSUs vested on January 1, 2023 and 15,000 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 15,000 RSUs that had not previously vested will immediately vest. The settlement of the vested RSUs occurred on January 6, 2023.