sc13g.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


SCHEDULE 13G


Under the Securities Exchange Act of 1934

(Amendment No.  )*

Trinity Place Holdings Inc.
(Name of Issuer)
 
Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
89656D101
(CUSIP Number)
 
February 14, 2013
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 
£ Rule 13d-l(b)

 
T Rule 13d-l(c)

 
£ Rule 13d-l(d)

*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 the disclosures provided in a prior cover page.

The information required in 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 ("Act") 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).
 
 
Page 1 of 7 pages
 
CUSIP No. 89656D101

   
1.  
Names of Reporting Persons
   
 
MFP Partners, L.P.(1)
 
c/o MFP Investors LLC
 
667 Madison Avenue, 25th Floor
 
New York, NY 10065
   
   
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
£  (a)
 
£  (b)
   
   
3.
SEC Use Only
   
   
4.
Citizenship or Place of Organization       Delaware
   
   
 
5.  
Sole Voting Power
     
Number of
    
Shares
6.
Shared Voting Power       1,000,000
Beneficially
    
Owned by Each
    
Reporting Person  
7.
Sole Dispositive Power
With:
    
     
 
8.
Shared Dispositive Power       1,000,000
   
   
9.
Aggregate Amount Beneficially Owned by Each Reporting Person       1,000,000
   
   
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
   
   
11.
Percent of Class Represented by Amount in Row (9)       6.0%
   
   
12.  
Type of Reporting Person (See Instructions)
 
PN
   

(1) MFP Investors LLC is the general partner of MFP Partners, L.P.  Michael F. Price is the managing partner of MFP Partners, L.P. and the managing member and controlling person of MFP Investors LLC.
 
 
Page 2 of 7 pages
 
CUSIP No. 89656D101

   
1.  
Names of Reporting Persons
   
 
MFP Investors LLC(1)
 
667 Madison Avenue, 25th Floor
 
New York, NY 10065
   
   
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
£  (a)
 
£  (b)
   
   
3.
SEC Use Only
   
   
4.
Citizenship or Place of Organization       Delaware
   
   
 
5.  
Sole Voting Power
     
Number of
    
Shares
6.
Shared Voting Power       1,000,000
Beneficially
    
Owned by Each
    
Reporting Person  
7.
Sole Dispositive Power
With:
    
     
 
8.
Shared Dispositive Power       1,000,000
   
   
9.
Aggregate Amount Beneficially Owned by Each Reporting Person       1,000,000
 
   
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
   
   
11.
Percent of Class Represented by Amount in Row (9)       6.0%
   
   
12.  
Type of Reporting Person (See Instructions)
 
IA
   

(1) MFP Investors LLC is the general partner of MFP Partners, L.P.  Michael F. Price is the managing partner of MFP Partners, L.P. and managing member and controlling person of MFP Investors LLC.

 
Page 3 of 7 pages
 
CUSIP No. 89656D101

   
1.  
Names of Reporting Persons
   
 
Michael F. Price(1)
 
c/o MFP Investors LLC
 
667 Madison Avenue, 25th Floor
 
New York, NY 10065
   
   
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
£  (a)
 
£  (b)
   
   
3.
SEC Use Only
   
   
4.
Citizenship or Place of Organization       United States of America
   
   
 
5.  
Sole Voting Power
     
Number of
    
Shares
6.
Shared Voting Power       1,000,000
Beneficially
    
Owned by Each
    
Reporting Person  
7.
Sole Dispositive Power
With:
    
     
 
8.
Shared Dispositive Power       1,000,000
   
   
9.
Aggregate Amount Beneficially Owned by Each Reporting Person       1,000,000
 
   
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
   
   
11.
Percent of Class Represented by Amount in Row (9)       6.0%
   
   
12.  
Type of Reporting Person (See Instructions)
 
IN
   

(1) MFP Investors LLC is the general partner of MFP Partners, L.P.  Michael F. Price is the managing partner of MFP Partners, L.P. and managing member and controlling person of MFP Investors LLC.
 
 
Page 4 of 7 pages
 
CUSIP No. 89656D101

Item 1.
 
 
(a)
Name of Issuer
     
   
Trinity Place Holdings Inc.
     
 
(b)  
Address of Issuer's Principal Executive Offices
     
   
One Syms Way
   
Secaucus, NJ 7094
     
     
Item 2.  
   
     
 
(a)
Name of Person Filing
     
   
MFP Partners, L.P.
   
MFP Investors LLC
   
Michael F. Price
     
 
(b)
Address of Principal Business Office or, if none, Residence
     
   
667 Madison Avenue, 25th Floor
   
New York, NY 10065
     
 
(c)
Citizenship
     
   
MFP Partners, L.P. and MFP Investors LLC are each organized under the laws of the state of Delaware.  Michael F. Price is a citizen of the United States of America.
     
 
(d)
Title of Class of Securities
     
   
Common Stock, par value $0.01 per share
     
 
(e)
CUSIP Number
     
   
89656D101
     
Item 3.
If this statement is filed pursuant to §§240.13d-l(b) or 240.13d-2(b) or (c), check whether the person filing is a:
   
 
Not applicable.
   
Item 4.
Ownership.
   
 
MFP Partners, L.P. has the shared power to vote 1,000,000 shares (6.0%) of the common stock of the issuer.  As the general partner of MFP Partners, L.P., MFP Investors LLC is deemed to own 1,000,000 shares (6.0%) of the common stock of the issuer.  As the Managing Member of MFP Investors LLC, Michael F. Price is deemed to have the shared power to vote 1,000,000 shares (6.0%) of the common stock of the issuer.
 
 
Page 5 of 7 pages
 
CUSIP No. 89656D101

Item 5.  
Ownership of Five Percent or Less of a Class
   
 
Not applicable.
   
Item 6.
Ownership of More than Five Percent on Behalf of Another Person
   
 
MFP Investors LLC manages investments for clients, including MFP Partners, L.P. which beneficially owns more than 5% of the shares of the common stock.
   
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
   
 
Not applicable.
   
Item 8.
Identification and Classification of Members of the Group
   
 
Not applicable.
   
Item 9.
Notice of Dissolution of Group
   
 
Not applicable.
   
Item 10. 
Certification
   
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a–11.

SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
 
February 14, 2013
 
Date
     
     
 
MFP Partners, L.P.
   
 
/s/ Michael F. Price
 
Signature
     
 
Name:
Michael F. Price
 
Title:
Managing Partner
     
     
 
MFP Investors LLC
   
 
/s/ Michael F. Price
 
Signature
   
 
Name:
Michael F. Price
 
Title:
Managing Member
     
     
 
MICHAEL F. PRICE
   
 
/s/ Michael F. Price
 
Signature
 
Name:
Michael F. Price

 
Page 6 of 7 pages
 
CUSIP No. 89656D101

 EXHIBITS

Exhibit
    
Number
  
Title
     
1
  
Joint Filing Agreement dated February 14, 2013 among the Reporting Persons
 
 
 
Page 7 of 7 pages