<SEC-DOCUMENT>0000930413-12-000123.txt : 20120110
<SEC-HEADER>0000930413-12-000123.hdr.sgml : 20120110
<ACCEPTANCE-DATETIME>20120110171949
ACCESSION NUMBER:		0000930413-12-000123
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20120110
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20120110
DATE AS OF CHANGE:		20120110

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GRIFFON CORP
		CENTRAL INDEX KEY:			0000050725
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL DOORS, SASH, FRAMES, MOLDING & TRIM [3442]
		IRS NUMBER:				111893410
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06620
		FILM NUMBER:		12520639

	BUSINESS ADDRESS:	
		STREET 1:		712 FIFTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		2129575000

	MAIL ADDRESS:	
		STREET 1:		712 FIFTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INSTRUMENT SYSTEMS CORP /DE/
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c68064_8-k.htm
<TEXT>
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<BR>

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 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=3>UNITED STATES</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=3>SECURITIES AND EXCHANGE
 COMMISSION</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=3>Washington, D.C. 20549</FONT></P>
 </TD>
 </TR>
 <TR>
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 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
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 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
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 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=4><B>FORM 8-K</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2><B>CURRENT
 REPORT</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2><B>Pursuant
 to Section 13 or 15(d) of the</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2><B>Securities
 Exchange Act of 1934</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Date of Report (Date of
 earliest event reported): <B>January 10, 2012</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=3><B>GRIFFON CORPORATION</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>(Exact Name of Registrant as Specified in Charter)</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="33%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="33%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="34%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=3><B>Delaware</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=3><B>1-06620</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=3><B>11-1893410</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>(State or Other Jurisdiction</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>(Commission</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>(I.R.S. Employer</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>of Incorporation)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>File Number)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Identification Number)</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="46%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="42%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=3><B>712 Fifth Avenue, 18<SUP>th</SUP> Floor</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P style="margin-left:25%"><FONT SIZE=3><B>New York, New York</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=3>&nbsp;&nbsp;<B>10019</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>(Address of Principal Executive Offices)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>(Zip Code)</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=3><B> (212) 957-5000</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>(Registrant&#146;s telephone number, including area code)</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check
the <FONT SIZE=3>appropriate</FONT><FONT SIZE=3> box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):</FONT></FONT></P>

<P><FONT SIZE=3>[&nbsp;] Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P><FONT SIZE=3>[&nbsp;] Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P><FONT SIZE=3>[&nbsp;] Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P><FONT SIZE=3>[&nbsp;] Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=3><B>Item 5.02</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=3><B>Departure of Directors or Certain
 Officers; Election of Directors; Appointment of Certain Officers;
 Compensatory Arrangements of Certain Officers.</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><U>Amendment to Restricted Share Award Agreement with each of Mr. Ronald
J. Kramer and Mr. Douglas J. Wetmore</U></FONT></P>

<P><FONT SIZE=2>Effective
January 10, 2012, each of Ronald J. Kramer, Griffon&#146;s Chief Executive Officer,
and Douglas J. Wetmore, Griffon&#146;s Chief Financial Officer, entered into an
amendment to modify the performance terms of the restricted share award
originally granted to such executive in February 2011 and described in
Griffon&#146;s Proxy Statement which was filed with the Securities and Exchange
Commission on December 20, 2011. Each amendment eliminates the automatic seven
year time vesting feature, and shortens to four years from the date of the
amendment the time within which the performance condition must be achieved (the
performance condition requires that Griffon&#146;s common stock close at or above
$16 per share for thirty consecutive trading days). Accordingly, if the $16
closing price condition is not met by January 9, 2016, then all shares subject
to the restricted share awards will be forfeited. Each amendment also adds a
requirement that in order for the restricted shares to vest, the executive may
not voluntarily leave the company&#146;s employ or be terminated for cause within
one year after the performance condition is achieved. A copy of the amended and
restated restricted share agreement for each of Mr. Kramer and Mr. Wetmore is
filed as Exhibit 99.1 and Exhibit 99.2 hereto.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
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 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=3><B>Item
 9.01.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=3><B>Financial
 Statements and Exhibits.</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="95%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><I>Exhibits</I>.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>99.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>Amended and Restated Restricted Share Award letter made as of January
 10, 2012 by and between Griffon Corporation and Ronald J. Kramer</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>99.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>Amended and Restated Restricted Share Award letter made as of January
 10, 2012 by and between Griffon Corporation and Douglas J. Wetmore</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=3><U><B>SIGNATURES</B></U></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to
the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="18%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="30%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>GRIFFON
 CORPORATION</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>By:</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>/s/ Seth L.
 Kaplan</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Seth L.
 Kaplan</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Senior Vice
 President </FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Date:&nbsp;&nbsp;&nbsp;January
10, 2012</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=CENTER><FONT SIZE=3><B>Exhibit
Index</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="95%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>99.1</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>Amended and Restated Restricted Share Award letter made as of January
 10, 2012 by and between Griffon Corporation and Ronald J. Kramer</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>99.2</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>Amended and Restated Restricted Share Award letter made as of January
 10, 2012 by and between Griffon Corporation and Douglas J. Wetmore</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c68064_ex99-1.htm
<TEXT>
<HTML>
<HEAD><TITLE></TITLE></HEAD>
<BODY>

<P ALIGN=RIGHT><FONT SIZE=3><U>Exhibit 99.1</U></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>Griffon
Corporation<BR>
712 Fifth Avenue<BR>
New York, New York 10019</B></FONT></P>

<P><FONT SIZE=2>January 10, 2012</FONT></P>

<P><FONT SIZE=2>Mr. Ronald J. Kramer<BR>
829 Park Avenue<BR>
New York, NY 10021</FONT></P>

<P><FONT SIZE=2>Dear Mr. Kramer: </FONT></P>

<P><FONT SIZE=2>Reference is hereby made to that certain letter dated
February 11, 2011 (the &#147;2011 Letter&#148;) pursuant to which you were granted
500,000 restricted shares (the &#147;Award&#148;) by Griffon Corporation (the &#147;Company&#148;)
under the Griffon Corporation 2011 Equity Incentive Plan (the &#147;Plan&#148;) with a
grant date of February 11, 2011 (the &#147;Grant Date&#148;). This letter hereby amends,
restates and supersedes the 2011 Letter in its entirety.</FONT></P>

<P><FONT SIZE=2>This Award is subject to the applicable terms and
conditions of the Plan, which are incorporated herein by reference, and in the
event of any contradiction, distinction or difference between this letter and
the terms of the Plan, the terms of the Plan will control. Unless otherwise
stated herein, capitalized terms used herein have the meanings set forth in the
Plan.</FONT></P>

<P><FONT SIZE=2>Except as otherwise provided in this letter, subject
to your continued service with the Company or its Subsidiaries, the
restrictions on your Award shall lapse with respect to all shares subject to
the Award on the first anniversary of the first trading day after the Grant
Date on which the closing price of the Company&#146;s Common Stock for such trading
day and for each of the twenty-nine immediately preceding trading days has
equaled or exceeded $16.00 (the &#147;Closing Price Target&#148;). If the Closing Price
Target is not met prior to January 10, 2016, then all shares subject to your
Award will be forfeited with no compensation due therefor. You acknowledge and
agree to this vesting schedule, notwithstanding any entitlement you may have
under Section 5(c)(iii) of the Employment Agreement with the Company, dated
March 16, 2008 (the &#147;Employment Agreement&#148;) to pro-rata vesting over a three
year period of any equity grant awarded to you. Notwithstanding the foregoing,
(i) upon the termination of your employment (a) by the Company other than for
&#147;Cause&#148; (as such term is defined in the Employment Agreement); (b) by you for
&#147;Good Reason&#148; (as such term is defined in the Employment Agreement); or (c) as
a result of your death or &#147;Disability&#148; (as such term is defined in the
Employment Agreement) or (ii) upon the occurrence of a &#147;Change in Control&#148; (as
such term is defined in the Employment Agreement), then, in any such case, the
restrictions on your Award shall immediately lapse. </FONT></P>

<P><FONT SIZE=2>Any dividends paid with respect to the shares of
Common Stock underlying your Award shall be subject to the same restrictions as
your Award and will be delivered to you if and when the restrictions on your
Award lapse.</FONT></P>

<P><FONT SIZE=2>Unless otherwise determined by the Committee or as set
forth above, upon your termination of service with the Company or its
Subsidiaries for any reason prior to the lapse of the restrictions on your
Award, your Award shall be immediately forfeited on such date with no further
compensation due to you.</FONT></P>

<P><FONT SIZE=2>The restricted shares granted to you will be issued,
subject to the terms and provisions of the Plan and this letter, into your name
in book entry registration form. Book entry is a system whereby your ownership
is duly recorded and no physical stock certificate is delivered. At all times
you will be the registered owner of the restricted shares, subject to the applicable
vesting conditions being satisfied.</FONT></P>

<P><FONT SIZE=2>At the time that the restrictions lapse, you must make
appropriate arrangements with the Company concerning withholding of any taxes
that may be due with respect to such Common Stock. You may tender cash payment to the Company in
an amount equal to the required withholding or request the Company retain the
number of shares of Common Stock whose fair market value equals the amount to
be withheld. As promptly thereafter as possible, the Company will issue to you the
shares released from restrictions and release any related dividend amounts
payable to you in connection with such restriction lapse.</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>The Company may impose any additional conditions or
restrictions on the Award as it deems necessary or advisable to ensure that all
rights granted under the Plan satisfy the requirements of applicable securities
laws. The Company shall not be obligated to issue or deliver any shares if such
action violates any provision of any law or regulation of any governmental authority
or national securities exchange.</FONT></P>

<P><FONT SIZE=2>The Committee may amend the terms of this Award to the
extent it deems appropriate to carry out the terms of the Plan. The
construction and interpretation of any provision of this Award or the Plan
shall be final and conclusive when made by the Committee. </FONT></P>

<P><FONT SIZE=2>Nothing in this letter shall confer on you the right,
express or implied, to continue in the service of the Company or its
Subsidiaries or interfere in any way with the absolute right of the Company or
its Subsidiaries to terminate your service at any time.</FONT></P>

<P><FONT SIZE=2>Please sign and return a copy of this amended and
restated agreement to the Company&#146;s Senior Vice President designating your
acceptance of this amendment to and restatement of your Award. This
acknowledgement must be returned within thirty (30) days; otherwise, the Award
will lapse and become null and void. Your signature will also acknowledge that
you have received and reviewed the Plan and that you agree to be bound by the
applicable terms of such document. </FONT></P>

<P><FONT SIZE=2>Very truly yours, </FONT></P>

<P><FONT SIZE=2>GRIFFON CORPORATION </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="28%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="70%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM nowrap>
 <P><FONT SIZE=2>By:&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>&nbsp;&nbsp;/s/ Seth L. Kaplan</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=BOTTOM>
 <P><FONT SIZE=2>Name: Seth L. Kaplan</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=BOTTOM>
 <P><FONT SIZE=2>Title: Senior Vice President</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>ACKNOWLEDGED AND ACCEPTED</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="30%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="70%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;/s/ Ronald J. Kramer</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Ronald J. Kramer</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Dated: January 10, 2012</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Enclosure&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Copy
of Plan)</FONT></P>



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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>c68064_ex99-2.htm
<TEXT>

<HTML>
<HEAD><TITLE></TITLE></HEAD>
<BODY>

<P ALIGN=RIGHT><FONT SIZE=3>Exhibit 99.2</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>Griffon
Corporation<BR>
</B><B>712 Fifth Avenue<BR>
New York, New York 10019</B></FONT></P>

<P><FONT SIZE=2>January 10, 2012</FONT></P>

<P><FONT SIZE=2>Mr. Douglas J. Wetmore<BR>
39 Knollwood Drive<BR>
Livingston, NJ 07039</FONT></P>

<P><FONT SIZE=2>Dear Mr. Wetmore: </FONT></P>

<P><FONT SIZE=2>Reference is hereby made to that certain letter dated
February 11, 2011 (the &#147;2011 Letter&#148;) pursuant to which you were granted 90,000
restricted shares (the &#147;Award&#148;) by Griffon Corporation (the &#147;Company&#148;) under
the Griffon Corporation 2011 Equity Incentive Plan (the &#147;Plan&#148;) with a grant
date of February 11, 2011 (the &#147;Grant Date&#148;). This letter hereby amends,
restates and supersedes the 2011 Letter in its entirety.</FONT></P>

<P><FONT SIZE=2>This Award is subject to the applicable terms and
conditions of the Plan, which are incorporated herein by reference, and in the
event of any contradiction, distinction or difference between this letter and
the terms of the Plan, the terms of the Plan will control. Unless otherwise
stated herein, capitalized terms used herein have the meanings set forth in the
Plan.</FONT></P>

<P><FONT SIZE=2>Except as otherwise provided in this letter, subject
to your continued service with the Company or its Subsidiaries, the
restrictions on your Award shall lapse with respect to all shares subject to
the Award on the first anniversary of the first trading day after the Grant
Date on which the closing price of the Company&#146;s Common Stock for such trading
day and for each of the twenty-nine immediately preceding trading days has
equaled or exceeded $16.00 (the &#147;Closing Price Target&#148;). If the Closing Price
Target is not met prior to January 10, 2016, then all shares subject to your
Award will be forfeited with no compensation due therefor. Notwithstanding
the foregoing, (i) upon the termination of your employment (a) by the Company
other than for &#147;Cause&#148; (as such term is defined in the Employment Agreement
between the Company and you, dated August 6, 2009 (the &#147;Employment
Agreement:&#148;)); or (b) by you for &#147;Good Reason&#148; (as such term is defined in the
Employment Agreement), the restrictions on your Award shall immediately lapse.
In addition, if your employment is terminated by the Company due to your
disability, a portion of your Award shall immediately vest in a percentage
equal to the number of days worked from the Grant Date until the date of your
termination of employment over 2,157. Upon a Change in Control, your Award will
not automatically become free from restrictions (unless otherwise provided by
the Committee prior to the Change in Control).</FONT></P>

<P><FONT SIZE=2>Any dividends paid with respect to the shares of
Common Stock underlying your Award shall be subject to the same restrictions as
your Award and will be delivered to you if and when the restrictions on your
Award lapse.</FONT></P>

<P><FONT SIZE=2>Unless otherwise determined by the Committee or as set
forth above, upon your termination of service with the Company or its
Subsidiaries for any reason prior to the lapse of the restrictions on your
Award, your Award shall be immediately forfeited on such date with no further
compensation due to you.</FONT></P>

<P><FONT SIZE=2>The restricted shares granted to you will be issued,
subject to the terms and provisions of the Plan and this letter, into your name
in book entry registration form. Book entry is a system whereby your ownership
is duly recorded and no physical stock certificate is delivered. At all times
you will be the registered owner of the restricted shares, subject to the
applicable vesting conditions being satisfied.</FONT></P>

<P><FONT SIZE=2>At the time that the restrictions lapse, you must make
appropriate arrangements with the Company concerning withholding of any taxes
that may be due with respect to such Common Stock. You may tender cash payment to the Company in
an amount equal to the required withholding or request the Company retain the
number of shares of Common Stock whose fair market value equals the amount to
be withheld. As promptly thereafter as possible, the Company will issue to you
the shares released from restrictions and release any related dividend amounts
payable to you in connection with such restriction lapse.</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2>The Company may impose any additional conditions or
restrictions on the Award as it deems necessary or advisable to ensure that all
rights granted under the Plan satisfy the requirements of applicable securities
laws. The Company shall not be obligated to issue or deliver any shares if such
action violates any provision of any law or regulation of any governmental
authority or national securities exchange.</FONT></P>

<P><FONT SIZE=2>The Committee may amend the terms of this Award to the
extent it deems appropriate to carry out the terms of the Plan. The
construction and interpretation of any provision of this Award or the Plan
shall be final and conclusive when made by the Committee. </FONT></P>

<P><FONT SIZE=2>Nothing in this letter shall confer on you the right,
express or implied, to continue in the service of the Company or its
Subsidiaries or interfere in any way with the absolute right of the Company or
its Subsidiaries to terminate your service at any time.</FONT></P>

<P><FONT SIZE=2>Please sign and return a copy of this amended and
restated agreement to the Company&#146;s Senior Vice President designating your
acceptance of this amendment to and restatement of your Award. This
acknowledgement must be returned within thirty (30) days; otherwise, the Award
will lapse and become null and void. Your signature will also acknowledge that
you have received and reviewed the Plan and that you agree to be bound by the
applicable terms of such document. </FONT></P>

<P><FONT SIZE=2>Very truly yours, </FONT></P>

<P><FONT SIZE=2>GRIFFON CORPORATION </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="28%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="70%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM nowrap>
 <P><FONT SIZE=2>By:&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>&nbsp;&nbsp;/s/ Seth L. Kaplan</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=BOTTOM>
 <P><FONT SIZE=2>Name: Seth L. Kaplan</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=BOTTOM>
 <P><FONT SIZE=2>Title: Senior Vice President</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>ACKNOWLEDGED AND ACCEPTED</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="30%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="70%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;/s/ Douglas J. Wetmore</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Douglas J. Wetmore</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2>Dated: January 10, 2012</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>Enclosure&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Copy
of Plan)</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
