SEC Form 4 · accession 0001209191-15-038041
TOWN SPORTS INTERNATIONAL HOLDINGS INC · CLUB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel Gallagher
Officer — Chief Executive Officer
Period of report
Apr 30, 2015
Accepted (ET)
May 1, 2015 · 5:03 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, par value $0.001F1 | Apr 30, 2015 | M | 4,200 | $3.54 | A | 179,297 | D | |
| Common Stock, par value $0.001F1,F2 | Apr 30, 2015 | S | 4,200 | $6.20 | D | 175,097 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1,F3 | $3.54 | Apr 30, 2015 | M | 4,200 | D | Apr 30, 2015 | Apr 30, 2015 | Common Stock, par value $0.001 | 4,200 | 0 | D |
Explanation of responses
- F1The exercise of the option and sale of the underlying shares reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.11 to $6.29, inclusive. The reporting person undertakes to provide to Town Sports International Holdings, Inc., any security holder of Town Sports International Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F3These options initially became exercisable on April 30, 2015, and were set to expire that same day, April 30, 2015.