Hoffman Scott E 4
4 · TRANS WORLD ENTERTAINMENT CORP · Filed Jul 17, 2017
Insider Transaction Report
Form 4
Hoffman Scott E
Chief Marketing Officer
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2017-07-13+2,500→ 4,076 total - Exercise/Conversion
Restricted Stock units
2017-07-13−2,500→ 5,000 total→ Common Stock, par value $0.01 per share (2,500 underlying) - Tax Payment
Common Stock, par value $0.01 per share
2017-07-13$1.59/sh−833$1,329→ 3,243 total
Holdings
- 300,000
Stock Option (Right to Buy)
→ Common Stock, par value $0.01 (300,000 underlying)
Footnotes (6)
- [F1]Each Restricted Stock Unit is the economic equivalent of one share of Trans World Entertainment Corporation stock.
- [F2]Restricted stock units terminate upon vesting.
- [F3]All of the transactions listed above are pursuant to equity plans qualified under Rule 16b-3 and exempt from Section 16(b) of the Securities Exchange Act.
- [F4]Stock options vest ratably over 4 years from the date of grant.
- [F5]Previously reported on a Form 4.
- [F6]Each restricted stock unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date.