SEC Form 5 · accession 0001179110-19-002540
TRANS WORLD ENTERTAINMENT CORP · TWMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Michael Reickert
Director
Period of report
Feb 2, 2019
Accepted (ET)
Feb 26, 2019 · 10:56 am EST
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 $.01 per share | holding | — | — | — | 64,000 | D | ||
| Common Stock par value $.01 per shareF3 | holding | — | — | — | 14,279,715 | I | By Trust |
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,F2 | $3.67 | holding | — | — | — | — | Jul 6, 2026 | Common Stock, par value $0.01 per share | 15,000 | 15,000 | D |
Explanation of responses
- F1All of the equity transactions listed above are pursuant to equity plans qualified under Rule 16b-3 and exempt from Section 16(b) of the Securities Exchange Act.
- F2Stock option grants vest ratably over 4 years.
- F3These shares are owned directly by the Robert J. Higgins TWMC Trust, a ten percent owner of the issuer, and indirectly by W. Michael Reickert as a trustee of the Trust.