0000930413-11-006714.txt : 20111019 0000930413-11-006714.hdr.sgml : 20111019 20111019163005 ACCESSION NUMBER: 0000930413-11-006714 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20111019 DATE AS OF CHANGE: 20111019 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 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-37985 FILM NUMBER: 111148381 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: HIGGINS ROBERT J CENTRAL INDEX KEY: 0000900603 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 1: C/O TRANS WORLD ENTERTAINMENT CORP STREET 2: 38 CORPORATE CIRCLE CITY: ALBANY STATE: NY ZIP: 12203 SC 13D/A 1 c67248_sc13da.htm

 

 

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D/A

 

 

 

 

 

Under the Securities Exchange Act of 1934

 

 

(Amendment No. 9)

 

 

 

 

 

TRANS WORLD ENTERTAINMENT CORPORATION

 

 

(Name of Issuer)

 

 

 

 

 

Common Stock, par value $0.01 per share

 

 

(Title of Class of Securities)

 

 

 

 

 

89336 Q 10 0

 

 

(CUSIP Number)

 

 

 

 

 

Robert J. Higgins

 

 

38 Corporate Circle

 

 

Albany, New York 12203

 

 

(518) 452-1242

 

 

(Name, Address and Telephone Number of Person

 

 

Authorized to Receive Notices and Communications)

 

 

 

 

 

October 19, 2011

 

 

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: o

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.

* 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 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).

SCHEDULE 13D/A

 

 

 

 

 

 

 

CUSIP No. 89336 Q 10 0

 

Page 1 of 4 Pages

1

NAME OF REPORTING PERSON

 

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

 

 

 

 

Robert J. Higgins

 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) o 
 

 

 

 

(b) x

 

 

 

 

 

3

SEC USE ONLY

 

4

SOURCE OF FUNDS

PF; OO

 

5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

o

6

CITIZENSHIP OR PLACE OF ORGANIZATION

United States of America

 

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH

7

SOLE VOTING POWER

17,635,125

 

8

SHARED VOTING POWER

50,550

 

9

SOLE DISPOSITIVE POWER

17,635,125

 

10

SHARED DISPOSITIVE POWER

50,550

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

17,685,675

 

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

o

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

51.3%

 

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IN

 

          This Amendment No. 9 to Schedule 13D (this “Amendment No. 9”) is being filed on behalf of Robert J. Higgins and amends the Schedule 13D filed by Mr. Higgins on December 10, 2007, as amended by Amendment No. 1 to Schedule 13D filed by Mr. Higgins on February 5, 2008, as further amended by Amendment No. 2 to Schedule 13D filed by Mr. Higgins on April 4, 2008, as further amended by Amendment No. 3 to Schedule 13D filed by Mr. Higgins on May 6, 2008, as further amended by Amendment No. 4 to Schedule 13D filed by Mr. Higgins on January 23, 2009, as further amended by Amendment No. 5 to Schedule 13D filed by Mr. Higgins on March 11, 2009, as further amended by Amendment No. 6 to Schedule 13D filed by Mr. Higgins on October 7, 2009, as further amended by Amendment No. 7 to Schedule 13D filed by Mr. Higgins on March 15, 2010 and as further amended by Amendment No. 8 to Schedule 13D filed by Mr. Higgins on April 21, 2010 (as amended, the “Initial Schedule 13D”). This Amendment No. 9 relates to the common stock, par value $0.01 per share (the “Company Common Stock”), of Trans World Entertainment Corporation, a New York corporation (the “Company”).

          Certain information contained in this Amendment No. 9 relates to the ownership of Company Common Stock by persons other than Mr. Higgins. Mr. Higgins expressly disclaims any liability for any such information and for any other information provided in this Amendment No. 9 that does not expressly pertain to Mr. Higgins.

          Unless otherwise indicated, all capitalized, undefined terms used in this Amendment No. 9 shall have the respective meanings ascribed to them in the Initial Schedule 13D, and unless otherwise amended hereby, all information set forth in the Initial Schedule 13D remains in effect.

 

 

Item 3.

Source and Amount of Funds or Other Consideration.

          Item 3 is hereby amended by adding the following:

          As of October 17, 2011, the Reporting Person had purchased, in open market purchases, an aggregate of 333,174 additional shares of Company Common Stock, for a total purchase price of approximately $678,900, including brokerage commissions. The Reporting Person purchased such shares with personal funds.

 

 

Item 4.

Purpose of Transaction.

          No material change from Schedule 13D/A filed on April 21, 2010.

 

 

Item 5.

Interest in Securities of the Issuer.

          Item 5 is hereby amended and restated in its entirety as follows:

          (a), (b) As of the date hereof, the aggregate number and percentage of shares of Company Common Stock beneficially owned by Mr. Higgins (assuming full exercise of his options to purchase shares of Company Common Stock), including the number of shares of Company Common Stock as to which Mr. Higgins has sole power to vote or direct the vote, shared power to vote or direct the vote, sole power to dispose or direct the

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disposition or shared power to dispose or direct the disposition, is set forth in the table below.

          According to the Company’s Quarterly Report on Form 10-Q for the period ended July 30, 2011, filed with the Commission on September 9, 2011 (the “Form 10-Q”), there were 31,454,529 shares of Company Common Stock outstanding as of August 26, 2011.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reporting Person

 

 

Number of
Shares with
Sole Power
to Vote

 

 

Number of
Shares with
Shared Power
to Vote

 

 

Number of
Shares with
Sole Power
to Dispose

 

 

Number of
Shares with
Shared
Power to
Dispose

 

 

Aggregate of
Shares
Beneficially
Owned

 

 

Adjusted
Number of
Shares
Outstanding

 

 

Percent of
Shares
Beneficially
Owned

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Robert J. Higgins

 

 

17,635,125 (1)

 

 

50,550 (2)

 

 

17,635,125 (1)

 

 

50,550 (2)

 

 

17,685,675 (3)

 

 

34,479,529 (4)

 

 

51.3% (5)

 

 

 

 

 

 

 

 

 

(1)

Consists of (i) 14,472,625 shares of Company Common Stock directly owned by Mr. Higgins, (ii) 3,025,000 shares of Company Common Stock issuable upon the exercise of options held by Mr. Higgins that are vested and outstanding and (iii) 137,500 shares of Company Common Stock owned by the Higgins Family Foundation, of which Mr. Higgins is the sole trustee.

 

 

 

 

 

 

(2)

Consists of 50,550 shares of Company Common Stock owned by Mr. Higgins’s spouse

 

 

 

 

 

 

(3)

Consists of (i) 14,472,625 shares of Company Common Stock directly owned by Mr. Higgins, (ii) 3,025,000 shares of Company Common Stock issuable upon the exercise of options held by Mr. Higgins that are vested and outstanding, (iii) 137,500 shares of Company Common Stock owned by the Higgins Family Foundation, of which Mr. Higgins is the sole trustee, and (iv) 50,550 shares of Company Common Stock owned by Mr. Higgins’s spouse

 

 

 

 

 

 

(4)

Consists of (i) shares of Company Common Stock issued and outstanding as of August 26, 2011, as set forth in the Form 10-Q and (ii) 3,025,000 shares of Company Common Stock issuable upon the exercise of options held by Mr. Higgins that are vested and outstanding.

 

 

 

 

 

 

(5)

Based on (i) all shares of Company Common Stock issued and outstanding as of August 26, 2011, as set forth in the Form 10-Q and (ii) 3,025,000 shares of Company Common Stock subject to options held by Mr. Higgins that are vested and outstanding.

 

 

 

 

 

(c)

 

During the last sixty days there were no transactions with respect to the Company Common Stock affected by Mr. Higgins.

 

 

 

 

 

(d)

 

Not applicable.

 

 

 

 

 

(e)

 

Not applicable.

- 3 -


 

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of Issuer

          No material change from Schedule 13D/A filed on April 21, 2010.

 

 

Item. 7

Material to be Filed as Exhibits.

          Not applicable.

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SIGNATURES

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

 

 

 

Dated: October 19, 2011

 

   /S/ Robert J. Higgins

 

 

Name: Robert J. Higgins

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