TRANS WORLD CORP 4/A
4/A · TRANS WORLD CORP · Filed Aug 10, 2016
Insider Transaction Report
Form 4/AAmended
TRANS WORLD CORPtwoc
LE HUNG D
CFO
Transactions
- Award
Options
2016-06-02$3.50/sh+60,000$210,000→ 122,834 totalExercise: $3.50From: 2016-06-02Exp: 2021-06-02→ Common Stock (60,000 underlying)
Footnotes (1)
- [F1]On June 2, 2016, the Board of Directors of Trans World Corporation granted Mr. Le five-year options to buy 60,000 shares of the Company's Common Stock. These options will vest in four equal parts, with the first portion of 15,000 to be vested on the date of grant, followed by annual vesting of 15,000 options upon reaching each anniversary date. The exercise price for all these options was set at $3.50, the closing market price on the date of grant, and will escalate by 4.0% on each anniversary of the grant date.