Sapienza Edwin 4
4 · TRANS WORLD ENTERTAINMENT CORP · Filed Jun 28, 2019
Insider Transaction Report
Form 4
Sapienza Edwin
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2019-06-27+1,250→ 3,750 total - Exercise/Conversion
Restricted Stock Units
2019-06-27−1,250→ 26,250 total→ Common Stock, par value $.01 per share (1,250 underlying)
Footnotes (5)
- [F1]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.
- [F2]All equity grants vest ratably over four years on each anniversary of the date of grant.
- [F3]Each Restricted Stock Unit is the economic equivalent of one share of Trans World Entertainment Corporation stock.
- [F4]Restricted Stock Units terminate upon vesting.
- [F5]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