TRANS WORLD CORP 4
4 · TRANS WORLD CORP · Filed May 11, 2015
Insider Transaction Report
Form 4
TRANS WORLD CORPTWOC
EWING TIMOTHY G
Director10% Owner
Transactions
- Award
Options
2015-04-15$2.75/sh+10,000$27,500→ 3,357,910 totalExercise: $2.75From: 2015-04-15Exp: 2020-04-15→ Common Stock (10,000 underlying)
Footnotes (1)
- [F1]On April 15, 2015, Mr. Ewing was granted five-year (5) non-qualified stock options (NQSOs) to purchase 10,000 shares of the Company's common stock, $.001 par value per share (Common Stock). The grant will vest automatically without any other condition or requirement in four equal parts, with the first part vested immediately upon the grant date, and another part will vest upon the first anniversary of the grant date, and another part will vest upon the second anniversary of the grant date, and so on. The exercise price is set at $2.75, the market closing price of the grant date. On each anniversary of the grant date, the exercise price of the NQSOs, vested or unvested, shall increase by four percent (4.0%), to $2.86, and so on.