SEC Form 4 · accession 0001179110-18-009125
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
Jun 27, 2018
Accepted (ET)
Jun 29, 2018 · 10:18 am 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 | — | — | — | 138,039 | 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 | — | Jun 27, 2018 | A | 50,000 | A | — | — | Common Stock, par value $0.01 per share | 50,000 | 137,500 | D |
| Employee Stock Option (Right to Buy)F3,F4 | $0.98 | Jun 27, 2018 | A | 150,000 | A | — | Jun 27, 2028 | Common Stock, par value $0.01 per share | 150,000 | 857,164 | 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.
- F4All equity grants listed vest ratably over 4 years on each anniversary of the date of grant.