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Filing Details

Accession Number:
0001445866-19-000716
Form Type:
13D Filing
Publication Date:
2019-06-13 17:21:32
Filed By:
Marcato Capital Management
Company:
Trinity Place Holdings Inc. (OTCMKTS:TPHS)
Filing Date:
2019-06-13
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
MARCATO CAPITAL MANAGEMENT 0 0 0 0 0 0.0%
RICHARD T. MCGUIRE III 0 0 0 0 0 0.0%
MARCATO INTERNATIONAL MASTER FUND LTD 0 0 0 0 0 0.0%
Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

SCHEDULE 13D

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

 

 

Trinity Place Holdings Inc.

(Name of Issuer)

 

 

Common Stock, par value $0.01 per share

(Title of Class of Securities)

 

 

89656D101

(CUSIP Number)

 

 

Richard T. McGuire III

Marcato Capital Management LP

Four Embarcadero Center, Suite 2100

San Francisco, CA 94111

(415) 796-6350

 

(Name, Address and Telephone Number of Person Authorized to Receive

Notices and Communications)

 

 

June 11, 2019

(Date of Event Which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box.

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).



CUSIP No. 89656D101

 

SCHEDULE 13D

Page 2 of 7

 

1

NAME OF REPORTING PERSON OR

 

 

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

 

 

MARCATO CAPITAL MANAGEMENT LP

 

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)

 

(b)

 

 

3

SEC USE ONLY

 

 

 

 

 

 

 

4

SOURCE OF FUNDS

 

 

AF

 

 

 

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

 

 

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

DELAWARE

 

 

 

 

NUMBER OF

SHARES BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

 

 

-0-

 

 

 

 

8

SHARED VOTING POWER

 

 

-0-

 

 

 

 

9

SOLE DISPOSITIVE POWER

 

 

-0-

 

 

 

 

10

SHARED DISPOSITIVE POWER

 

 

-0-

 

 

 

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

-0-

 

 

 

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

 

 

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

0.0%

 

 

 

 

14

TYPE OF REPORTING PERSON

 

 

IA

 

 



CUSIP No. 89656D101

 

SCHEDULE 13D

Page 3 of 7

 

1

NAME OF REPORTING PERSON OR

 

 

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

 

 

RICHARD T. MCGUIRE III

 

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)

 

(b)

 

 

3

SEC USE ONLY

 

 

 

 

 

 

 

4

SOURCE OF FUNDS

 

 

AF

 

 

 

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

 

 

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

UNITED STATES OF AMERICA

 

 

 

 

NUMBER OF

SHARES BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

 

 

-0-

 

 

 

 

8

SHARED VOTING POWER

 

 

-0-

 

 

 

 

9

SOLE DISPOSITIVE POWER

 

 

-0-

 

 

 

 

10

SHARED DISPOSITIVE POWER

 

 

-0-

 

 

 

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

-0-

 

 

 

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

 

 

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

0.0%

 

 

 

 

14

TYPE OF REPORTING PERSON

 

 

IN

 

 



CUSIP No. 89656D101

 

 

SCHEDULE 13D

Page 4 of 7

 

1

NAME OF REPORTING PERSON OR

 

 

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

 

 

MARCATO INTERNATIONAL MASTER FUND LTD.

 

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)

 

(b)

 

 

3

SEC USE ONLY

 

 

 

 

 

 

 

4

SOURCE OF FUNDS

 

 

WC

 

 

 

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

 

 

 

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

CAYMAN ISLANDS

 

 

 

 

NUMBER OF

SHARES BENEFICIALLY

OWNED BY EACH

REPORTING

PERSON

WITH

7

SOLE VOTING POWER

 

 

-0-

 

 

 

 

8

SHARED VOTING POWER

 

 

-0-

 

 

 

 

9

SOLE DISPOSITIVE POWER

 

 

-0-

 

 

 

 

10

SHARED DISPOSITIVE POWER

 

 

-0-

 

 

 

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

-0-

 

 

 

 

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 

 

 

 

 

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

 

0.0%

 

 

 

 

14

TYPE OF REPORTING PERSON

 

 

OO

 

 

 

 



CUSIP No. 89656D101

 

SCHEDULE 13D

Page 5 of 7

 

This Amendment No. 7 supplements the information set forth in the Schedule 13D filed by the Reporting Persons with the United States Securities and Exchange Commission (the "SEC") on September 25, 2012, as amended from time to time (the "Schedule 13D"), relating to Common Stock, par value $0.01 per share (the "Shares"), of Trinity Place Holdings Inc., a Delaware corporation (the "Issuer"). All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.

 

The information set forth in response to each separate Item below shall be deemed to be a response to all Items where such information is relevant.

 

Except as specifically amended by this Amendment No. 7, the Statement is unchanged.

 

Item 4.

Purpose of Transaction

 

Item 4 of the Schedule 13D is hereby supplementally amended as follows:

 

On June 11, 2019, Marcato Capital Management LP, on behalf of Marcato International Master Fund Ltd., sold 3,702,146 shares of Common Stock pursuant to a Stock Purchase Agreement (the “Agreement”) made as of June 11, 2019, at a price of $3.60 per share for a total sale price of $13,327,725.60.  The foregoing references to and descriptions of the Agreement and the transactions contemplated thereby do not purport to be complete and are subject to, and are qualified in their entirety by reference to, the full text of the Agreement which is attached as Exhibit C and is incorporated herein by reference.

 

Item 5.

Interest in Securities of the Issuer

 

Item 5 is hereby amended and restated in its entirety to read as follows:

 

(a) As of the date hereof, the Reporting Persons no longer beneficially own any securities of the Issuer.

(b) As of the date hereof, the Reporting Persons no longer beneficially own any securities of the Issuer.

(c) The transactions by the Reporting Persons in the securities of the Issuer during the past sixty days are set forth in Item 4 of this Amendment No. 7 and Exhibit C, which is incorporated herein by reference. Except as set forth in Item 4 of this Amendment No. 7 and Exhibit C, there have been no other transactions by the Reporting Persons in the securities of the Issuer in the past sixty days.

(d) Not applicable.

(e) Following the transactions as set forth in Item 4 of this Amendment No. 7 and Exhibit C, which is incorporated herein by reference, each of the Reporting Persons ceased to be a beneficial owner of more than five percent of the Shares.



 

CUSIP No. 89656D101

 

SCHEDULE 13D

Page 6 of 7

 

Item 7.

Material to be Filed as Exhibits

 

Item 7 is hereby supplementally amended by adding a reference to the following exhibit:

 

Exhibit A:  Joint Filing Agreement (previously filed)

Exhibit B:  Schedule of Transactions in Shares (previously filed)

Exhibit C:  Stock Purchase Agreement



 

CUSIP No. 89656D101

 

SCHEDULE 13D

Page 7 of 7

 

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: June 13, 2019

 

 

Marcato Capital Management LP¨

 

 

By: Marcato Holdings LLC

its General Partner

 

 

 

 

 

By:

/s/ Richard T. McGuire III

 

 

 

Richard T. McGuire III

Authorized Person

 

 

 

 

 

 

/s/ Richard T. McGuire III¨

 

 

Richard T. McGuire III

 

 

 

Marcato International Master Fund Ltd.

 

 

 

 

 

By:

/s/ Richard T. McGuire III

 

 

 

Richard T. McGuire III

Director

 

 

 

 

¨

This reporting person disclaims beneficial ownership of these reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that any such person is the beneficial owner of these securities for purposes of Section 16 of the U.S. Securities Exchange Act of 1934, as amended, or for any other purpose.