Marcato Capital Management Form 4 Trinity Place / Richard McGuire ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MARCATO CAPITAL MANAGEMENT LP

(Last) (First) (Middle)

FOUR EMBARCADERO CENTER

SUITE 2100

(Street)

SAN FRANCISCO CA 94111

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Trinity Place Holdings Inc. [ TPHS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2016

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.01 par value per share	06/22/2016		S		800	D	$7.13	4,722,671	I	See Footnote(1)
Common Stock, $0.01 par value per share	06/23/2016		S		11,905	D	$7.19	4,710,766	I	See Footnote(1)
Common Stock, $0.01 par value per share	06/23/2016		S		17,736	D	$7.22	4,693,030	I	See Footnote(1)
Common Stock, $0.01 par value per share	06/24/2016		S		15,100	D	$7.04	4,677,930	I	See Footnote(1)
Common Stock, $0.01 par value per share	06/24/2016		S		7,500	D	$7.01	4,670,430	I	See Footnote(1)
Common Stock, $0.01 par value per share	06/24/2016		S		10,658	D	$7.08	4,659,772	I	See Footnote(1)
Common Stock, $0.01 par value per share	06/24/2016		S		61,235	D	$7	4,598,537	I	See Footnote(1)
Common Stock, $0.01 par value per share	06/24/2016		S		27,305	D	$7.17	4,571,232	I	See Footnote(1)
Common Stock, $0.01 par value per share	06/24/2016		S		500	D	$7.18	4,570,732	I	See Footnote(1)
Common Stock, $0.01 par value per share	06/24/2016		S		2,000	D	$7.18	4,568,732	I	See Footnote(1)
Common Stock, $0.01 par value per share	06/24/2016		S		38,862	D	$7.14	4,529,870	I	See Footnote(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

MARCATO CAPITAL MANAGEMENT LP

(Last) (First) (Middle)

FOUR EMBARCADERO CENTER

SUITE 2100

(Street)

SAN FRANCISCO CA 94111

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

McGuire Richard

(Last) (First) (Middle)

C/O MARCATO CAPITAL MANAGEMENT LP

FOUR EMBARCADERO, SUITE 2100

(Street)

SAN FRANCISCO CA 94111

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Marcato International Master Fund, Ltd.

(Last) (First) (Middle)

C/O OGIER FIDUCIARY SERVICES CAYMAN LTD

89 NEXUS WAY, CAMANA BAY

(Street)

GRAND CAYMAN E9 KY1-9007

(City) (State) (Zip)

Explanation of Responses:

1. The securities are held in the account of Marcato International Master Fund, Ltd. and two other private investment funds (collectively, the "Funds") and may be deemed to be beneficially owned by (i) Marcato Capital Management LP, the investment manager of the Funds, and (ii) Richard McGuire III, the managing partner of Marcato Capital Management LP. Each of Marcato Capital Management LP and Richard McGuire III 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.

	Marcato Capital Management LP; By: /s/ Richard McGuire III; Richard McGuire III, Managing member of general partner	06/24/2016
	Richard McGuire III; /s/ Richard McGuire III	06/24/2016
	Marcato International Master Fund, Ltd., By: /s/ Richard McGuire III, Director	06/24/2016
	** Signature of Reporting Person	Date
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