SEC Form 3
FORM 3 | UNITED 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*
(Street)
| 2. Date of Event Requiring Statement (Month/Day/Year) 03/30/2020 | 3. Issuer Name and Ticker or Trading Symbol TRANS WORLD ENTERTAINMENT CORP [ TWMC ] | |||||||||||||
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| 5. If Amendment, Date of Original Filed (Month/Day/Year) | ||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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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 | 57,000 | D | |
Common Stock, par value $0.01 per share | 25 | I | By Wife |
Common Stock, par value $0.01 per share | 23,879 | I | By WIN Partners(1) |
Common Stock, par value $0.01 per share | 9,737 | I | By Kickstart I(2) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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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 Security | 5. Ownership Form: 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 | 03/30/2020 | 03/31/2025 | Common Stock, par value $0.01 Per Share | 14,041 | 0.01 | I(3)(5) | By Kick Start III, LLC |
Warrant to purchase Common Stock, par value $0.01 per share | 03/30/2020 | 03/31/2025 | Common Stock, par value $0.01 per share | 9,360 | 0.01 | 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. |
Tom Simpson | 04/13/2020 | |
** 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 Number. |