News Column

HOMEFED CORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

August 15, 2014



Item 5.02 Departure of Directors or Principal Officers; Election of Directors;

Appointment of Principal Officers; Compensatory Arrangements of Certain Officers



(e) The Board of Directors of HomeFed Corporation (the "Company") has adopted the RSU Opportunity Plan (the "Plan") applicable to our current named executive officers (the "Participants") and approved a Form of RSU Opportunity Notice (the "Notice"). An aggregate of 100,000 shares of Common Stock of the Company, par value $0.01 per share ("Common Stock") is available for issuance under the Plan. Under the Plan, Participants may be granted the opportunity to receive an award of restricted stock units ("RSUs") for Common Stock of the Company based on satisfaction of established performance criteria at the end of the performance period specified in the Plan. Awards will be made after the end of the performance period in the sole discretion of the Board of Directors.

Subject to the satisfaction of the performance criteria specified in each Participants' Notice in the sole discretion of the Board of Directors, each Participant may be eligible to receive the following range of restricted stock units ("RSUs"): Paul J. Borden 15,000 - 20,000 RSUs; Christian E. Foulger 22,500 - 30,000 RSUs; John K. Aden, Jr. 22,500 - 30,000 RSUs; Erin N. Ruhe 15,000 - 20,000 RSUs.

The foregoing summary of the Plan and the Notice is qualified in its entirety by reference to the copy of the Plan, which is attached hereto as Exhibit 10.1 and the Form of Opportunity Notice which is attached hereto as Exhibit 10.2, each of which is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits (c) Exhibits 10.1 RSU Opportunity Plan



10.2 Form of RSU Opportunity Notice

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