SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13D/A

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)

(Amendment No. 2)

Trans World Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
	89336R207
	(CUSIP Number)
Neil S. Subin, 3300 South Dixie Highway, Suite 1-365, West Palm Beach, Florida, 33405 (Tel.) (561) 287-5399
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
	April 30, 2018
	(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [x].

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

(Continued on following pages)

Page 1 of 5 pages

________________

¹ The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No.

89336R207

13D/A2

Page 2 of 5

NAME OF REPORTING PERSON

Neil S. Subin

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

(a)

[ ]

(b)

[ ]

SEC USE ONLY

_______________

SOURCE OF FUNDS*

PF-AF-OO

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

[ ]

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

SOLE VOTING POWER

SHARED VOTING POWER

SOLE DISPOSITIVE POWER

SHARED DISPOSITIVE POWER

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

[ ]

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

TYPE OF REPORTING PERSON*

SCHEDULE 13D/A2

This constitutes Amendment No. 2 to the Statement on Schedule 13D (the “Amendment No. 2”) filed on behalf of Neil S. Subin (“Mr. Subin” or the “Reporting Person”), dated and filed January 24, 2018 (the “Statement”), relating to the common stock (the “Common Stock” or “Shares”) of Trans World Corporation (the “Company” or the “Issuer”). The company’s principal executive offices are located at 545 Fifth Avenue, Suite 940, New York, New York 10017.

Item 4.

Purpose of the Transaction

Item 4 of the Statement is hereby amended by adding at the end thereof the following:

The purpose of this Amendment is to report that since the filing of Amendment No. 1 to the Statement, dated March 12, 2018 (“Amendment No. 1”), a material change occurred in the percentage of Shares beneficially owned by the Reporting Person as a result of the consummation of the following transaction: On April 30, 2018, in a private transaction effected in accordance with the terms of the Agreement and Plan of Merger Agreement dated as of March 2, 2018, by and among FEC Overseas Investment (UK) Limited, FEC Investment (US) Limited, the Issuer and, solely for the limited purposes described therein, Far East Consortium International Limited (the "Merger Agreement"), the Reporting Person disposed of all 2,129,229 shares of the Issuer's Common Stock the Reporting Person was deemed to beneficially own in exchange for $4.1886 per share. This Amendment No. 1 is the final amendment to the Statement and constitutes an exit filing.

Except in connection with the matters described above in this Item 4 and herein and matters contemplated hereby, the Reporting Person does not currently have any specific plans or proposals that relate to or would result in any of the actions or events specified in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Person reserves the right to change plans and take any and all actions that the Reporting Person may deem appropriate to maximize the value of his investments, including, among other things, purchasing or otherwise acquiring additional securities of the Company, selling or otherwise disposing of any securities of the Company beneficially owned by him, in each case in the open market or in privately negotiated transactions, or formulating other plans or proposals regarding the Company or its securities to the extent deemed advisable by the Reporting Person in light of his general investment policies, market conditions, subsequent developments affecting the Company and the general business and future prospects of the Company. The Reporting Person may take any other action with respect to the Company or any of the Company’s debt or equity securities in any manner permitted by applicable law.

Item 5.

Interest in Securities of the Issuer

Item 5 of the Statement is hereby amended and restated in its entirety as follows:

Mr. Subin has succeeded to the position of President and Manager of Milfam LLC, which serves as manager, general partner, or investment advisor of a number of entities formerly managed or advised by the late Lloyd I. Miller, III. Mr. Subin also serves as trustee of a number of Miller family trusts.

(a) As of the date of this filing, the Reporting Person beneficially owns no shares of Common Stock of the Issuer.

(b) The Reporting Person has no power to vote and/or dispose of any shares of Common Stock of the Issuer.

(c) Since March 12, 2018, the date of filing of the Reporting Person’s last Amendment to this Schedule 13D, the Reporting Person effected the following transaction in the Common Stock: On April 30, 2018, in a private transaction effected in accordance with the terms of the Merger Agreement, the Reporting Person disposed of all 2,129,229 shares of the Issuer's Common Stock the Reporting Person was deemed to beneficially own in exchange for $4.1886 per share.

(d) Persons other than the Reporting Person have the right to receive and the power to direct the receipt of dividends from, or the proceeds from the sale of, the reported securities formerly beneficial owned by the Reporting Person, including LIM III - Trust A-4, MBM - Trust A-4 and Milfam II.

(e) The Reporting Person ceased to be the beneficial owner of more than 5% of the class of securities on April 30, 2018.

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: May 10, 2018

By: /s/ Neil S. Subin

Neil S. Subin

TRANS WORLD CORP SC 13D/A