Statement of Changes in Beneficial Ownership (4)
May 15 2020 - 5:06PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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ROLLINS JEFFREY W |
2. Issuer Name and Ticker or Trading Symbol
Twin River Worldwide Holdings, Inc.
[
TRWH
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O TWIN RIVER WORLDWIDE HOLDINGS, INC., 100 TWIN RIVER RD. |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/14/2020 |
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(Street)
LINCOLN, RI 02865
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 5/14/2020 | | A | | 1999 (1) | A | $0 | 85282 | D | |
| Common Stock | | | | | | | | 3409 | I | LLC (2) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Explanation of Responses: |
| (1) | To further align director interests with shareholders and to conserve cash in light of the impact of the COVID-19 pandemic, the Board of Directors of Twin River Worldwide Holdings, Inc. (the "Company") determined in March 2020 to pay the cash portion of the non-employee director annual retainer in shares of Company common stock instead of cash while the majority of operations were shut down. Accordingly, on May 14 2020, the reporting person received a number of fully-vested Company shares equal to the cash portion of the reporting person's quarterly cash retainer divided by the closing price per share of Company common stock on May 13, 2020, which resulted in a grant of 1,999 shares of Company common stock. |
| (2) | A limited liability corporation over which reporting person has sole voting and investment power. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
ROLLINS JEFFREY W
C/O TWIN RIVER WORLDWIDE HOLDINGS, INC.
100 TWIN RIVER RD.
LINCOLN, RI 02865 | X |
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Signatures
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| /s/Joseph McGrail - Attorney-in-Fact | | 5/15/2020 |
| **Signature of Reporting Person | Date |
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