Goldberg David Edward 4
4 · TRANS WORLD CORP · Filed Apr 30, 2018
Insider Transaction Report
Form 4
TRANS WORLD CORPtwoc
Goldberg David Edward
Director
Transactions
- Disposition to Issuer
Options
2018-04-30$1.21/sh−10,000$12,142→ 0 totalExercise: $2.97From: 2015-04-15Exp: 2020-04-15→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]On April 15, 2015,, the Reporting Person was granted five-year non-qualified stock options ("NQSQs") to purchase 10,000 shares of the Issuer's common stock, $.001 per share ("Common Stock"). These NQSQs provided for vesting in four equal parts, with the first part vested immediately, and another part to vest upon the anniversary of the grant date, and so on. On each anniversary of the grant date, the exercise price increased by four percent (4%).
- [F2]Cancelled pursuant to the Agreement and Plan of Merger (the "Merger Agreement") dated as of March 2, 2018 by and among FEC Overseas Investment (UK) Limited, FEC Investment (US) Limited, Trans World Corporation and, solely for limited purposes therein, Far East Consortium International Limited, in exchange for a lump sum cash payment (less any applicable withholding) equal to the product of the number of shares of common stock subject to the option multiplied by the excess, of any, of $4.1886 over the exercise price per share of common stock under such option.