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TRWH Twin River Worldwide Holdings Inc

27.14
0.00 (0.00%)
15 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Twin River Worldwide Holdings Inc NYSE:TRWH NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 27.14 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

15/05/2020 10:06pm

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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

ROLLINS JEFFREY W
2. Issuer Name and Ticker or Trading Symbol

Twin River Worldwide Holdings, Inc. [ TRWH ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(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
(Street)

LINCOLN, RI 02865
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
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)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
ROLLINS JEFFREY W
C/O TWIN RIVER WORLDWIDE HOLDINGS, INC.
100 TWIN RIVER RD.
LINCOLN, RI 02865
X



Signatures
/s/Joseph McGrail - Attorney-in-Fact5/15/2020
**Signature of Reporting PersonDate

1 Year Twin River Worldwide Chart

1 Year Twin River Worldwide Chart

1 Month Twin River Worldwide Chart

1 Month Twin River Worldwide Chart