-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K0kII7haypgfT4xrkNQIiIvo+kAokquJbCUensvQN1yi19v0RWAEatwcB439WLxG D3oTjq5kLmPXfMSb7J+Z8g== 0000905718-99-000566.txt : 19991228 0000905718-99-000566.hdr.sgml : 19991228 ACCESSION NUMBER: 0000905718-99-000566 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991227 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: SEC FILE NUMBER: 005-37985 FILM NUMBER: 99780575 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: FEINBERG STEPHEN CENTRAL INDEX KEY: 0000947822 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 450 PARK AVE STREET 2: 28TH FL CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128912120 MAIL ADDRESS: STREET 1: 450 PARK AVE STREET 2: 28TH FL CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 SCHEDULE l3D Under the Securities Exchange Act of 1934 (Amendment No. 2)* TRANS WORLD ENTERTAINMENT CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 89336Q100 - -------------------------------------------------------------------------------- (CUSIP Number) with a copy to: Stephen Feinberg Robert G. Minion, Esq. 450 Park Avenue Lowenstein Sandler PC 28th Floor 65 Livingston Avenue New York, New York 10022 Roseland, New Jersey 07068 (212) 421-2600 (973) 597-2424 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) December 20, 1999 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule l3G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-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). CUSIP No. 89336Q100 ________________________________________________________________________________ 1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (entities only): Stephen Feinberg ________________________________________________________________________________ 2) Check the Appropriate Box if a Member of a Group (See Instructions): (a) Not (b) Applicable ________________________________________________________________________________ 3) SEC Use Only ________________________________________________________________________________ 4) Source of Funds (See Instructions): WC ________________________________________________________________________________ 5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e): Not Applicable ________________________________________________________________________________ 6) Citizenship or Place of Organization: United States ________________________________________________________________________________ Number of 7) Sole Voting Power: 3,861,281* -------------------------------------------- Shares Beneficially 8) Shared Voting Power: Owned by -------------------------------------------- Each Reporting 9) Sole Dispositive Power: 3,861,281* -------------------------------------------- Person With 10) Shared Dispositive Power: --------------------------------------------- ________________________________________________________________________________ 11) Aggregate Amount Beneficially Owned by Each Reporting Person: 3,861,281* ________________________________________________________________________________ 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): Not Applicable ________________________________________________________________________________ 13) Percent of Class Represented by Amount in Row (11): 7.3%* ________________________________________________________________________________ 14) Type of Reporting Person (See Instructions): IA ________________________________________________________________________________ * 519,300 shares (1.0%) of the Trans World Entertainment Corporation (the "Company") common stock, par value $.01 per share (the "Common Stock"), are owned by Cerberus Partners, L.P., a limited partnership organized under the laws of Delaware ("Cerberus"). 533,700 shares (1.0%) of the Common Stock of the Company are owned by Cerberus Institutional Partners, L.P., a limited partnership organized under the laws of Delaware ("Institutional"). 1,367,150 shares (2.6%) of the Common Stock of the Company are owned by Cerberus International, Ltd., a corporation organized under the laws of the Bahamas ("International"). 1,441,131 shares (2.7%) of the Common Stock of the Company are owned in the aggregate by certain private investment funds (collectively, the "Funds"). Stephen Feinberg possesses sole power to vote and direct the disposition of all shares of the Common Stock of the Company owned by each of Cerberus, Institutional, International and the Funds. See Item 5 for further information. Item 5. Interest in Securities of the Issuer. Based upon information set forth in the Company's Quarterly Report on Form 10-Q for the quarterly period ended October 30, 1999, as of November 27, 1999 there were outstanding 53,039,697 shares of the Common Stock. As of December 20, 1999, 519,300 shares of the Common Stock are owned by Cerberus; 533,700 shares of the Common Stock are owned by Institutional; 1,367,150 shares of the Common Stock are owned by International and 1,441,131 shares of the Common Stock are owned in the aggregate by the Funds. Stephen Feinberg possesses sole power to vote and direct the disposition of all shares of the Common Stock owned by each of Cerberus, Institutional, International and the Funds. Therefore, for the purposes of Regulation Section 240.13d-3, Stephen Feinberg is deemed to be the beneficial owner of 3,861,281 shares of the Common Stock, or 7.3% of the shares of Common Stock outstanding. The following table details the transactions, since the filing of Amendment 1 to the Schedule 13D by Mr. Feinberg dated as of November 12, 1999, in the Common Stock by Mr. Feinberg or any other person or entity controlled by him or any person or entity for which he possesses voting or investment control over the securities thereof (each of which were effected in an ordinary brokerage transaction): I. Cerberus (Purchases) Date Quantity Price November 18, 1999 2,900 $11.06 November 30, 1999 3,200 $11.13 December 1, 1999 3,200 $10.97 December 7, 1999 15,000 $10.06 December 7, 1999 4,000 $10.00 December 8, 1999 3,300 $10.00 December 15, 1999 16,000 $10.23 December 16, 1999 2,700 $10.00 December 17, 1999 16,000 $10.00 December 20, 1999 6,700 $9.25 (Sales) none II. Institutional (Purchases) Date Quantity Price November 18, 1999 3,000 $11.06 November 18, 1999 8,800 $11.00 November 30, 1999 3,500 $11.13 December 1, 1999 3,500 $10.97 December 7, 1999 20,000 $10.00 December 8, 1999 3,500 $10.00 December 15, 1999 16,500 $10.23 December 16, 1999 2,800 $10.00 December 17, 1999 16,500 $10.00 December 20, 1999 7,000 $9.25 (Sales) NONE III. International (Purchases) Date Quantity Price November 18, 1999 7,800 $11.06 November 30, 1999 8,800 $11.13 December 1, 1999 8,800 $10.97 December 7, 1999 51,000 $10.00 December 8, 1999 8,800 $10.00 December 15, 1999 41,000 $10.23 December 16, 1999 7,000 $10.00 December 17, 1999 42,000 $10.00 December 20, 1999 17,600 $9.25 (Sales) NONE IV. The Funds (Purchases) Date Quantity Price November 18, 1999 8,500 $11.06 November 30, 1999 9,500 $11.13 December 1, 1999 9,500 $10.97 December 7, 1999 54,000 $10.06 December 8, 1999 9,400 $10.00 December 15, 1999 44,000 $10.23 December 16, 1999 7,500 $10.00 December 17, 1999 33,500 $10.06 December 17, 1999 10,500 $10.00 December 20, 1999 18,700 $ 9.25 (Sales) NONE Signature After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. December 23, 1999 /s/ Stephen Feinberg ____________________________________ Stephen Feinberg, in his capacity as the managing member of Cerberus Associates, L.L.C., the general partner of Cerberus Partners, L.P., and as the investment manager for each of Cerberus Institutional Partners, L.P., Cerberus International, Ltd. and certain private investment funds Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----