LE HUNG D 4
4 · TRANS WORLD CORP · Filed May 1, 2018
Insider Transaction Report
Form 4
TRANS WORLD CORPtwoc
LE HUNG D
CFO
Transactions
- Disposition to Issuer
Common Stock
2018-04-30$4.19/sh−800$3,351→ 0 total - Disposition to Issuer
Options
2018-04-30$0.55/sh−60,000$32,916→ 0 totalExercise: $0.55From: 2016-06-02Exp: 2021-06-02→ Commmon Stock (60,000 underlying)
Footnotes (2)
- [F1]On June 2, 2016, pursuant to the Company's 2014 Equity Incentive Plan, Mr. Le was granted five-year options to purchase 60,000 shares of common stock, par value $0.001 per share, that vest in four equal parts, with the options to acquire 15,000 shares vesting immediately upon the date of grant, and options to acquire 15,000 shares vesting subsequently upon each anniversary of the grant date. On each anniversary of the grant date, the exercise price increased by four percent (4%).
- [F2]As a result of consummation of the Agreement and Plan of Merger among Trans World Corporation, FEC Overseas Investment (UK) Limited, and FEC Investment (US) Limited and Far East Consortium International Limited, all unvested options vested on April 30, 2018, were cancelled and those options whose exercise price was below $4.1886 per share (the "Per Share Merger Consideration") were paid the difference between the exercise price and the Per Share Merger Consideration, without interest and subject to any withholding taxes.