4//SEC Filing
TRANS WORLD CORP 4
Accession 0001204348-16-000006
CIK 0000914577operating
Filed
Jan 31, 7:00 PM ET
Accepted
Feb 1, 5:18 PM ET
Size
5.7 KB
Accession
0001204348-16-000006
Insider Transaction Report
Form 4
TRANS WORLD CORPtwoc
Transactions
- Purchase
Options
2016-01-29$2.59/sh+75,000$194,250→ 350,000 totalExercise: $2.59From: 2016-01-29Exp: 2021-01-29→ Common Stock (75,000 underlying)
Footnotes (1)
- [F1]On January 29, 2106, the Compensation Committee of the Board of Directors granted to Mr. Ramadan, five-year options to buy 75,000 shares of the Company's Common Stock. These options will vest in four equal parts, with the first portion of 18,750 to be vested on the date of grant, followed by annual vesting of 18,750 options upon reaching each anniversary date. The exercise price is set at the market closing price on the date of grant, which is $2.59, and will escalate at each anniversary date by 4.0% to $2.69 on the first anniversary, and so on.
Documents
Issuer
TRANS WORLD CORP
CIK 0000914577
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000914577
Filing Metadata
- Form type
- 4
- Filed
- Jan 31, 7:00 PM ET
- Accepted
- Feb 1, 5:18 PM ET
- Size
- 5.7 KB