FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Sapienza Edwin

2. Date of Event Requiring Statement (MM/DD/YYYY)
10/15/2018 

3. Issuer Name and Ticker or Trading Symbol

TRANS WORLD ENTERTAINMENT CORP [TWMC]

(Last)        (First)        (Middle)

38 CORPORATE CIRCLE

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
Chief Financial Officer /

(Street)

ALBANY, NY 12203       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4) 		2. Amount of Securities Beneficially Owned
(Instr. 4) 		3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) 		4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $0.01 per share   1250   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 		2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 		3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 		4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) 		6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options(Right to Buy)   (1)   (3)   (2) Common stock, par value $0.01 per share   8000   $1.73   D    
Employee Stock Options(Right to Buy)   (1)   (3)   (2) Common stock, par value $0.01 per share   10000   $2.53   D    
Employee Stock Options(Right to Buy)   (1)   (3)   (2) Common stock, par value $0.01 per share   10000   $4.87   D    
Employee Stock Options(Right to Buy)   (1)   (4)   (2) Common stock, par value $0.01 per share   7500   $3.36   D    
Employee Stock Options(Right to Buy)   (1)   (5)   (2) Common stock, par value $0.01 per share   7500   $3.88   D    
Employee Stock Options(Right to Buy)   (1)   (6)   (2) Common stock, par value $0.01 per share   7500   $3.81   D    
Employee Stock Options(Right to Buy)   (1)   (7)   (2) Common stock, par value $0.01 per share   25000   $1.85   D    
Employee Stock Options(Right to Buy)     (8)   (2) Common stock, par value $0.01 per share   25000   $0.98   D    
Restricted Stock Units   (1)   (9)   (11) Common stock, par value $0.01 per share   3750   $0   D    
Restricted Stock Units   (1)   (10)   (11) Common stock, par value $0.01 per share   5000   $0   D    

Explanation of Responses:
(1)  All 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.
(2)  All grants expire 10 years from the date of grant.
(3)  All grants are fully vested as of the earliest reporting date.
(4)  6,000 options are vested as of the earliest reporting date. 1,500 stock options vest on 6/3/2019.
(5)  5,625 options are vested as of the earliest reporting date. 1,875 stock options vest on 5/15/2019.
(6)  3,750 options are vested as of the earliest reporting date. 1,875 stock options vest on 5/6/2019 and 1,875 stock options vest on 5/6/2020.
(7)  6,250 options are vested as of the earliest reporting date. 6,250 stock options vest on 5/1/2019, 6,250 stock options vest on 5/1/2020 and 6,250 options vest on 5/1/2021.
(8)  6,250 stock options vest on 6/27/2019, 6,250 stock options vest on 6/27/2020, 6,250 stock options vest on 6/27/2021 and 6,250 options vest on 5/1/2022.
(9)  1,250 RSUs vest on 5/1/2019, 1,250 RSUs vest on 5/1/2020 and 1,250 RSUs vest on 5/1/2021.
(10)  1,250 RSUs vest on 6/27/2019, 1,250 RSUs vest on 6/27/2020, 1,250 RSUs vest on 6/27/2021 and 1,250 RSUs vest on 6/27/2022.
(11)  Restricted Stock Units terminate upon vesting.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Sapienza Edwin
38 CORPORATE CIRCLE
ALBANY, NY 12203

Chief Financial Officer

Signatures
Edwin J. Sapienza 10/19/2018
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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