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Edwin Sapienza

Filed: 19 Oct 18, 10:13am
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Sapienza Edwin

(Last)(First)(Middle)
38 CORPORATE CIRCLE

(Street)
ALBANYNY12203

(City)(State)(Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
10/15/2018
3. Issuer Name and Ticker or Trading Symbol
TRANS WORLD ENTERTAINMENT CORP [ TWMC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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 share1,250D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)4. Conversion or Exercise Price of Derivative Security5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Options(Right to Buy)(1)(3)(2)Common stock, par value $0.01 per share8,0001.73D
Employee Stock Options(Right to Buy)(1)(3)(2)Common stock, par value $0.01 per share10,0002.53D
Employee Stock Options(Right to Buy)(1)(3)(2)Common stock, par value $0.01 per share10,0004.87D
Employee Stock Options(Right to Buy)(1)(4)(2)Common stock, par value $0.01 per share7,5003.36D
Employee Stock Options(Right to Buy)(1)(5)(2)Common stock, par value $0.01 per share7,5003.88D
Employee Stock Options(Right to Buy)(1)(6)(2)Common stock, par value $0.01 per share7,5003.81D
Employee Stock Options(Right to Buy)(1)(7)(2)Common stock, par value $0.01 per share25,0001.85D
Employee Stock Options(Right to Buy)(8)(2)Common stock, par value $0.01 per share25,0000.98D
Restricted Stock Units(1)(9)(11)Common stock, par value $0.01 per share3,7500D
Restricted Stock Units(1)(10)(11)Common stock, par value $0.01 per share5,0000D
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.
Edwin J. Sapienza10/19/2018
** Signature of Reporting PersonDate
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 Number.