X0202 4 2006-01-25 0 0001282977 GREENHILL & CO INC GHL 0001288494 BORROWS SIMON A GREENHILL & CO., INC. 300 PARK AVENUE NEW YORK NY 10022 1 1 0 0 Non-U.S. President Restricted Stock Unit 2006-01-25 4 A 0 57843 0 A Common Stock 57843 57843 D This restricted stock unit award was granted pursuant to the Greenhill & Co., Inc. Equity Incentive Plan. 19,281 shares of Common Stock underlying this restricted stock unit award vest on January 1 of the fifth calendar year following the grant date. The remaining 38,562 shares of Common Stock underlying this restricted stock unit award vest in ratable installments on January 1 of each of the first, second, third, fourth and fifth calendar years following the grant date. The restricted stock unit award is subject to payment within 75 days following the applicable vesting date. Each unit represents a right to receive one share of Common Stock or an amount equal to the market value of the Common Stock underlying the award on the applicable vesting date. Payment may be made in cash, shares of Common Stock or a combination thereof. /s/ Ulrika Ekman, Attorney-in-Fact for Simon A. Borrows 2006-01-27