SEC Form 4 · accession 0001179110-16-030739
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
Oct 13, 2016
Accepted (ET)
Oct 17, 2016 · 3:18 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 $0.01F5 | Oct 13, 2016 | M | 50,000 | — | A | 116,755 | D | |
| Common Stock, par value $0.01 | Oct 13, 2016 | F | 18,485 | $3.40 | D | 98,270 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock unitsF3,F1,F4,F2 | — | Oct 13, 2016 | M | 50,000 | D | — | — | Common Stock, par value $0.01 per share | 50,000 | 100,000 | 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.
- F4Previously reported on Form 4.
- F5Each restricted stock unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date.