SEC Form 4 · accession 0001204348-17-000002
TRANS WORLD CORP · TWOC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rami S Ramadan
Officer — CEO · Director
Period of report
Mar 13, 2017
Accepted (ET)
Mar 13, 2017 · 5:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000914577
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 13, 2017 | A | 25,000 | $5.82 | A | 589,855 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F125,000 shares of common stock issued to Mr. Ramadan, CEO, pursuant to his employment agreement. Total Offering Amount based on the date the shares vested, December 31, 2016, pursuant to the Internal Revenue Code of 1986. Shares were not issued until after the vesting was actually confirmed by the Company's independent certified public accountants by their audit.