Initial Statement of Beneficial Ownership (3)
April 13 2020 - 4:11PM
Edgar (US Regulatory)
FORM 3
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0104
Estimated average burden
hours per response...
0.5
|
|
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
*
Simpson Tom |
2. Date of Event Requiring Statement (MM/DD/YYYY)
3/30/2020
|
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)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
|
|
(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 | 57000 | D | |
| Common Stock, par value $0.01 per share | 25 | I | By Wife |
| Common Stock, par value $0.01 per share | 23879 | I | By WIN Partners (1) |
| Common Stock, par value $0.01 per share | 9737 | I | By Kickstart I (2) |
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 |
| Warrant to purchase Common Stock, par value $0.01 per share | 3/30/2020 | 3/31/2025 | Common Stock, par value $0.01 Per Share | 14041 | $0.01 | I (3)(5) | By Kick Start III, LLC |
| Warrant to purchase Common Stock, par value $0.01 per share | 3/30/2020 | 3/31/2025 | Common Stock, par value $0.01 per share | 9360 | $.01 | I (4)(5) | Kick start IV, LLC |
| Explanation of Responses: |
| (1) | Shares held by WIN Partners, a fund in which Mr. Simpson holds an interest, manages and has voting control. |
| (2) | Shares held by Kickstart I, a fund in which Mr. Simpson holds an interest, manages and has voting control. |
| (3) | The reported transaction involved the acquisition by Kick Start III, LLC of a warrant to purchase a total of 14,041 share of Trans World Entertainment common stock at a price equal to $0.01 per share (the "Warrant"). Mr. Simpson holds an interest, manages and has voting control of Kick Start III, LLC. |
| (4) | The reported transaction involved the acquisition by Kick Start IV, LLC of a warrant to purchase a total of 9,361 share of Trans World Entertainment common stock at a price equal to $0.01 per share (the "Warrant"). Mr. Simpson holds an interest, manages and has voting control of Kick Start IV, LLC. |
| (5) | Kickstart III, LLC and Kickstart IV, LLC acquired the Warrant in connection with a secured loan made on March 30, 2020 to etailz, Inc., a wholly owned subsidiary of Trans World Entertainment. |
Reporting Owners
|
| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Simpson Tom
38 CORPORATE CIRCLE
ALBANY, NY 12203 | X |
|
|
|
Signatures
|
| Tom Simpson | | 4/13/2020 |
| **Signature of Reporting Person | Date |
Trans World Entertainment (NASDAQ:TWMC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Trans World Entertainment (NASDAQ:TWMC)
Historical Stock Chart
From Apr 2023 to Apr 2024
