SEC Form 4 · accession 0001204348-16-000008
TRANS WORLD CORP · TWOC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hung D Le
Officer — CFO
Period of report
Jun 2, 2016
Accepted (ET)
Jun 6, 2016 · 6:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000914577
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF1 | $3.50 | Jun 2, 2016 | A | 60,000 | A | Jun 2, 2016 | Jun 2, 2023 | Common Stock | 60,000 | 60,000 | D |
Explanation of responses
- F1On June 2, 2016, the Board of Directors of Trans World Corporation granted Mr. Le seven-year options to buy 60,000 shares of the Company's Common Stock. These options will vest in four equal parts, with the first portion of 15,000 to be vested on the date of grant, followed by annual vesting of 15,000 options upon reaching each anniversary date. The exercise price for all these options was set at $3.50, the closing market price on the date of grant.