SEC Form 4 · accession 0001179110-16-024243
TRANS WORLD ENTERTAINMENT CORP · TWMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Feurer
Officer — Chief Executive Officer
Period of report
May 6, 2016
Accepted (ET)
May 10, 2016 · 3:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000795212
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 | holding | — | — | — | 66,755 | 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)F3,F4 | $3.81 | May 6, 2016 | A | 100,000 | A | — | May 6, 2026 | Common Stock, par value $0.01 | 100,000 | 557,164 | D |
| Restricted Stock unitsF3,F1,F5,F2 | — | holding | — | — | — | — | — | Common Stock, par value $0.01 per share | 150,000 | 150,000 | D |
Explanation of responses
- F1Each Restricted Stock Unit is the economic equivalent of one share of Trans World Entertainment Corporation stock.
- F2Restricted stock units terminate upon vesting.
- F3All of the transactions listed above are pursuant to equity plans qualified under Rule 16b-3 and exempt from Section 16(b) of the Securities Exchange Act.
- F4Stock options vest ratably over 4 years from the date of grant.
- F5Restricted Stock Units vest ratably over 4 years from the date of grant.