Five Point Holdings, LLC — Director's Dealing 2019

Dec 17, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Five Point Holdings, LLC (FPH)
CIK: 0001574197
Period of Report: 2019-12-13

Reporting Person: Alvarado Michael (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-13	Class A common shares	M	16676	—	Acquired	55065	Indirect
2019-12-13	Class A common shares	M	5	—	Acquired	55070	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-13	Class A
units of
Five Point
Operating
Company,
LP	$	M	16676	Disposed		Class A common shares (16676)	Indirect
2019-12-13	Class B
common
shares	$	M	16676	Disposed		Class A common shares (5)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A common shares	451494	Direct

Footnotes

F1: In accordance with the Limited Partnership Agreement of Five Point Operating Company, LP (the "Operating Company"), after May 2, 2017, the holder may tender such Class A units of the Operating Company for redemption, and will receive in exchange therefor one Class A common share of Five Point Holdings, LLC (the"Company") or cash, at the option of the Company.

F2: The Class A common shares and Class B common shares of the Company and Class A units of the Operating Company are owned by The Michael A. and Julie S. Alvarado Family Trust created u/t/d dated July 9, 2002, of which Mr. Alvarado serves as the sole trustee.

F3: Mr. Alvarado holds 16,676 Class B common shares. Each Class B common share was issued with a Class A unit of the Operating Company. If the holder tenders any Class A units of the Operating Company for redemption, then an equal number of Class B common shares will automatically convert into Class A common shares of the Company. Also, if the holder attempts to transfer any Class B common shares to anyone other than certain permitted transferees, then such Class B common shares will automatically convert into Class A common shares of the Company. In either case, the conversion ratio is 0.0003 Class A common shares for each Class B common share.