Form 4
Statement of Changes in Beneficial Ownership
- Name and Address of Reporting Person
Michael J. Palumbo
- Issuer Name and Ticker or Trading Symbol
Trans World Airlines, Inc. ("TWA")
- IRS or Social Security Number of Reporting Person (Voluntary)
- Statement for Month/Year
February 2000
- If Amendment, Date of Original (Month/Year)
- Relationship of Reporting Person to Issuer
Officer (Executive Vice President & Chief Financial Officer)
- Individual or Joint/Group Filing
Form filed by One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- Title of Security
- Transaction Date (Month/Day/Year)
- Transaction Code
- Securities Acquired (A) or Disposed of (D)
- Amount of Securities Beneficially Owned at End of Month
- Ownership Form: Direct (D) or Indirect (I)
- Nature of Indirect Beneficial Ownership
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
- Title of Derivative Security
Stock Options (Options granted under the Company's 1994 Key Employee Stock Incentive Plan ("KESIP")
- Conversion or Exercise Price of Derivative Security
$2.75
- Transaction Date (Month/Day/Year)
2/1/00
- Transaction Code
Code = A
V = V
- Number of Derivative Securities Acquired (A) or Disposed of (D)
64,167 (A)
- Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable = Options vest at a rate of 34%, 33% and 33%, respectively, upon the first, second and third anniversaries of the 2/1/00 award date under the KESIP
Expiration Date = Options expire on the fifth anniversary following their vesting
- Title and Amount of Underlying Securities
Title = Common Stock
Amount or Number of Shares = 64,167
- Price of Derivative Security
- Number of Derivative Securities Beneficially Owned at End of Month
283,167
- Ownership Form of Derivative Security: Direct (D) or Indirect (I)
D
- Nature of Indirect Beneficial Ownership
Date: March 9, 2000
/s/ Michael J. Palumbo
Signature of Reporting Person