SEC Form 4 · accession 0000921895-16-005438
TOWN SPORTS INTERNATIONAL HOLDINGS INC · CLUB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Patrick Walsh
Director · 10% Owner
PW Partners Atlas Funds, LLC
10% Owner
PW Partners, LLC
10% Owner
PW Partners Capital Management LLC
10% Owner
PW Partners Atlas Fund III, LP
10% Owner
PW Partners Master Fund (QP), L.P.
10% Owner
Period of report
Aug 10, 2016
Accepted (ET)
Aug 12, 2016 · 7:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001281774
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.001 par valueF1,F3 | Aug 10, 2016 | J | 30,000 | $0.00 | D | 0 | I | By PW Partners Master Fund (QP) LP |
| Common Stock, $0.001 par valueF1,F2 | holding | — | — | — | 3,297,718 | I | By PW Partners Atlas Fund III LP | |
| Common Stock, $0.001 par valueF1 | holding | — | — | — | 299,294 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This Form 4 is filed jointly by PW Partners Atlas Fund III LP ("Atlas Fund III"), PW Partners Master Fund (QP) LP ("Master Fund QP"), PW Partners Atlas Funds, LLC ("Atlas Fund GP"), PW Partners, LLC ("PW Partners GP"), PW Partners Capital Management LLC ("PW Capital Management") and Patrick Walsh (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
- F2Represents securities owned directly by Atlas Fund III. As the General Partner of Atlas Fund III, Atlas Fund GP may be deemed to beneficially own the securities owned directly by Atlas Fund III. As the Investment Manager of Atlas Fund III, PW Capital Management may be deemed to beneficially own the securities owned directly by Atlas Fund III. As the Managing Member of PW Capital Management and the Managing Member and Chief Executive Officer of Atlas Fund GP, Mr. Walsh may be deemed to beneficially own the securities owned directly by Atlas Fund III.
- F3Represents securities previously owned directly by Master Fund QP. As the General Partner of Master Fund QP, PW Partners GP may be deemed to beneficially own the securities owned directly by Master Fund QP. As the Investment Manager of Master Fund QP, PW Capital Management may be deemed to beneficially own the securities owned directly by Master Fund QP. As the Managing Member of PW Capital Management and the Managing Member and Chief Executive Officer of PW Partners GP, Mr. Walsh may be deemed to beneficially own the securities owned directly by Master Fund QP.
- F4Represents a pro rata distribution of shares from Master Fund QP to its limited partners. Following the pro rata distribution, Master Fund QP and PW Partners GP no longer beneficially owned any securities of the Issuer and shall cease to be Reporting Persons immediately following the filing of this Form 4.