0001144204-14-009896.txt : 20140214 0001144204-14-009896.hdr.sgml : 20140214 20140214163422 ACCESSION NUMBER: 0001144204-14-009896 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140214 DATE AS OF CHANGE: 20140214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRANS WORLD ENTERTAINMENT CORP CENTRAL INDEX KEY: 0000795212 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL- COMPUTER & PRERECORDED TAPE STORES [5735] IRS NUMBER: 141541629 STATE OF INCORPORATION: NY FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-37985 FILM NUMBER: 14617466 BUSINESS ADDRESS: STREET 1: 38 CORPORATE CIRCLE CITY: ALBANY STATE: NY ZIP: 12203 BUSINESS PHONE: 5184521242 MAIL ADDRESS: STREET 1: 38 CORPORATE CIRCLE CITY: ALBANY STATE: NY ZIP: 12203 FORMER COMPANY: FORMER CONFORMED NAME: TRANS WORLD MUSIC CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Nantahala Capital Management, LLC CENTRAL INDEX KEY: 0001472322 IRS NUMBER: 201151760 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 19 OLD KINGS HIGHWAY SOUTH STREET 2: SUITE 200 CITY: DARIEN STATE: CT ZIP: 06820 BUSINESS PHONE: 203-404-1172 MAIL ADDRESS: STREET 1: 19 OLD KINGS HIGHWAY SOUTH STREET 2: SUITE 200 CITY: DARIEN STATE: CT ZIP: 06820 SC 13G/A 1 v368755_sc13ga.htm SC 13G/A

  

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

Trans World Entertainment Corporation

(Name of Issuer)

 

Common Stock, $.01 par value

(Title of Class of Securities)

 

89336Q100

(CUSIP Number)

 

December 31, 2013

(Date of Event which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

x Rule 13d-1(b)
¨ Rule 13d-1(c)
¨ Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

Continued on following pages

Page 1 of 4 Pages

 

 
 

 

CUSIP NO. 89336Q100 Page 2 of 4 Pages

 

CUSIP No. 89336Q100  
(1) Names of reporting persons Nantahala Capital Management, LLC
(2) Check the appropriate box if a member of a group (a)
(see instructions) (b)
(3) SEC use only  
(4) Citizenship or place of organization MA
Number of shares beneficially owned by each reporting person with:  
(5) Sole voting power 1,867,535
(6) Shared voting power 0
(7) Sole dispositive power 1,867,535
(8) Shared dispositive power 0
(9) Aggregate amount beneficially owned by each reporting person 1,867,535
(10) Check if the aggregate amount in Row (9) excludes certain shares (see instructions)  
(11) Percent of class represented by amount in Row (9) 5.79%
(12) Type of reporting person (see instructions) IA

 

Item 1(a). Name of Issuer:
   
  Trans World Entertainment Corporation (the “Issuer”).
   
Item 1(b). Address of the Issuer's Principal Executive Offices:
   
  38 Corporate Circle, Albany, NY 12203
   
Item 2(a). Name of Person Filing
   
  Nantahala Capital Management, LLC  (the “Reporting Person”)
   
Item 2(b). Address of Principal Business Office or, if None, Residence:
   
 

19 Old Kings Highway South, Suite 200

Darien, CT 06820

   
Item 2(c). Citizenship:
   
  The Reporting Person is a Massachusetts limited liability company.
   
Item 2(d). Title of Class of Securities:
   
  Common Stock, $.01 par value (the “Shares”).
   
Item 2(e). CUSIP Number:
   
  89336Q100

 

 
 

 

CUSIP NO. 89336Q100 Page 3 of 4 Pages

 

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
   
  (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
   
  (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
   
  (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
   
  (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
   
  (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
   
  (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
   
  (g) ¨ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).
   
  (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
   
  (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the
  Investment Company Act of 1940 (15 U.S.C. 80a-3).
   
   (j) ¨  Group, in accordance with §240.13d-1(b)(1)(ii)(J).
   
Item 4. Ownership:
   
Item 4(a). Amount Beneficially Owned:
   
  As of December 31, 2013, the Reporting Person may be deemed to be the beneficial owner of 1,867,535 Shares.
   
Item 4(b). Percent of Class:
   
  As of the December 31, 2013, the Reporting Person may be deemed to be the beneficial owner of 5.79% of the total number of Shares outstanding (based upon information provided by the Issuer on Form 10-Q filed December 12, 2013, there were 32,267,948 Shares outstanding as of November 29,2013).
   
Item 4(c). Number of shares as to which such person has:
   
  Nantahala Capital Management, LLC

 

  (i) Sole power to vote or direct the vote 1,867,535
       
  (ii) Shared power to vote or to direct the vote 0

 

 
 

 

CUSIP NO. 89336Q100 Page 4 of 4 Pages

 

  (iii) Sole power to dispose or to direct the disposition of

1,867,535

       
  (iv) Shared power to dispose or to direct the disposition of 0

 

Item 5. Ownership of Five Percent or Less of a Class:
   
  This Item 5 is not applicable.
   
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
   
  This Item 6 is not applicable.
   
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:
   
  This Item 7 is not applicable.
   
Item 8. Identification and Classification of Members of the Group:
   
  This Item 8 is not applicable.
   
Item 9. Notice of Dissolution of Group:
   
  This Item 9 is not applicable.
   
Item 10. Certification:

 

  By signing below the Reporting Person certifies that, to the best of such person's knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect.

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Date:  February 14, 2014 NANTAHALA CAPITAL MANAGEMENT, LLC
     
  By: /s/ Paul E. Rehm
    Paul E. Rehm
    Chief Compliance Officer