SEC Form 4 · accession 0001179110-16-030765
TRANS WORLD ENTERTAINMENT CORP · TWMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Josh Neblett
Officer — CEO, etailz
Period of report
Oct 17, 2016
Accepted (ET)
Oct 18, 2016 · 3:27 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 per shareF1 | Oct 17, 2016 | P$0 | 1,572,552 | — | A | 1,572,552 | D | |
| Common Stock par value $0.01 per shareF2 | Oct 17, 2016 | P$0 | 317,573 | — | A | 317,573 | I | By spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person acquired the common stock in exchange for a portion of his interest in etailz, Inc. having a value of approximately $5,378,128 based on closing price of the common stock of $3.42 per share on October 14, 2016. The common stock is subject to vesting in equal installments on January 31, 2018 and January 31, 2019.
- F2The spouse of the reporting person acquired the common stock in exchange for a portion of her interest in etailz, Inc. having a value of approximately $1,086,100 based on closing price of the common stock of $3.42 per share on October 14, 2016.