-----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, Uu44TY1Efo61PP+YhRI03jtQd6kgVE8RZ/ziNNpEZHN92rdl7QWLwoLurkZ99iv1 UjZjlrSI6jP23uTo/kgU1A== 0000908662-00-000052.txt : 20000211 0000908662-00-000052.hdr.sgml : 20000211 ACCESSION NUMBER: 0000908662-00-000052 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000210 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 13G SEC ACT: SEC FILE NUMBER: 005-37985 FILM NUMBER: 530695 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: INTERMARKET CORP/NY CENTRAL INDEX KEY: 0001034611 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 132640285 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 667 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10021 BUSINESS PHONE: 2125931550 MAIL ADDRESS: STREET 1: 667 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10021 SC 13G 1 SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G (Rule 13d-102) Information to be Included in Statements Filed Pursuant to Rule 13d-1(b), (c) and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2 Under the Securities Exchange Act of 1934 (Amendment No. )* TRANS WORLD ENTERTAINMENT CORPORATION - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 89336Q100 - -------------------------------------------------------------------------------- (CUSIP Number) Glenn J. Cocchiola, Esq. Cocchiola & Garelick, P.C. 1128 Route 31 North Echo Hill Plaza Lebanon, NJ 08833 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person authorized to Receive Notices and Communications) April 22, 1999 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed [ ] Rule 13d-1(b) [ ] Rule 13d-1(c) [x] Rule 13d-1(d) The information required in 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 13G CUSIP No. 89336Q100 Page 2 of 7 Pages - -------------------------------------------------------------------------------- 1. Name of Reporting Persons I.R.S. Identification Nos. of above person (entities only) Intermarket Corp. - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ x ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization NY - -------------------------------------------------------------------------------- 5 Sole Voting Power Number of Shares ---------------------------------------------------------- Beneficially 6 Shared Voting Power Owned by 2,944,231 Each ---------------------------------------------------------- 7 Sole Dispositive Power Reporting Person ---------------------------------------------------------- With 8 Shared Dispositive Power 2,944,231 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 2,944,231 - -------------------------------------------------------------------------------- 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 5.7% - -------------------------------------------------------------------------------- 12 Type of Reporting Person (See Instructions) CO SCHEDULE 13G CUSIP No. 89336Q100 Page 3 of 7 Pages - -------------------------------------------------------------------------------- 1. Name of Reporting Persons I.R.S. Identification Nos. of above person (entities only) Fernwood Associates, L.P. - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ x ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization DE - -------------------------------------------------------------------------------- 5 Sole Voting Power Number of Shares ---------------------------------------------------------- Beneficially 6 Shared Voting Power Owned by 1,187,144 Each ---------------------------------------------------------- 7 Sole Dispositive Power Reporting Person ---------------------------------------------------------- With 8 Shared Dispositive Power 1,187,144 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 1,187,144 - -------------------------------------------------------------------------------- 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 2.3% - -------------------------------------------------------------------------------- 12 Type of Reporting Person (See Instructions) PN SCHEDULE 13G CUSIP No. 89336Q100 Page 4 of 7 Pages - -------------------------------------------------------------------------------- 1. Name of Reporting Persons I.R.S. Identification Nos. of above person (entities only) Fernwood Restructurings, Ltd. - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ x ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization British Virgin Islands - -------------------------------------------------------------------------------- 5 Sole Voting Power Number of Shares ---------------------------------------------------------- Beneficially 6 Shared Voting Power Owned by 1,686,407 Each ---------------------------------------------------------- 7 Sole Dispositive Power Reporting Person ---------------------------------------------------------- With 8 Shared Dispositive Power 1,686,407 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 1,686,407 - -------------------------------------------------------------------------------- 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) 3.2% - -------------------------------------------------------------------------------- 12 Type of Reporting Person (See Instructions) CO SCHEDULE 13G CUSIP No. 89336Q100 Page 5 of 7 Pages - -------------------------------------------------------------------------------- 1. Name of Reporting Persons I.R.S. Identification Nos. of above person (entities only) Fernwood Foundation Fund, L.P. - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ x ] (b) [ ] 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Citizenship or Place of Organization DE - -------------------------------------------------------------------------------- 5 Sole Voting Power Number of Shares ---------------------------------------------------------- Beneficially 6 Shared Voting Power Owned by 70,680 ---------------------------------------------------------- Each 7 Sole Dispositive Power Reporting Person ---------------------------------------------------------- With 8 Shared Dispositive Power 70,680 - -------------------------------------------------------------------------------- 9 Aggregate Amount Beneficially Owned by Each Reporting Person 70,680 - -------------------------------------------------------------------------------- 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 11 Percent of Class Represented by Amount in Row (9) .14% - -------------------------------------------------------------------------------- 12 Type of Reporting Person (See Instructions) PN CUSIP No. 89336Q100 Page 6 of 7 Pages Item 1. Name and Address of Issuer. This Statement on Schedule 13G relates to the Common Stock, par value $.01 per share (the "Common Stock"), of Trans World Entertainment Corporation (the "Issuer"). The principal executive offices of the Issuer are located at 38 Corporate Circle, Albany, New York, 12203. Item 2. Identity and Background. This Schedule 13G is filed on behalf of Intermarket Corp. ("Intermarket"), Fernwood Associates, L.P. ("Associates"), Fernwood Restructurings, Limited ("Restructurings"), and Fernwood Foundation Fund, L.P. (the "Fund"). Intermarket, Associates, Restructurings and the Fund are collectively referred to herein as the "Reporting Persons". Intermarket is a New York corporation having its principal place of business at 667 Madison Avenue, New York, New York 10021. Intermarket's principal business is providing investment management services to corporations and acting as a general partner of investment partnerships. Set forth on Attachment A attached hereto is a listing of the directors and executive officers of Intermarket, their address, present position with Intermarket (which is the principal occupation or employment of each of them) and citizenship. The executive officers of Intermarket constitute all of its shareholders and no shareholder has absolute control. No other person directly or indirectly controls Intermarket. Associates is a Delaware limited partnership having its principal place of business at 667 Madison Avenue, New York, New York 10021. Its principal business is investment management. Set forth on Attachment A attached hereto is a listing of the general partners of Associates, their address, principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted, and citizenship. No person other than those listed on Attachment A directly or indirectly controls Associates. Restructurings is an open-ended British Virgin Islands Company having its principal place of business at Palm Chambers, P.O. Box 119, Road Town, Tortola, British Virgin Islands. Its principal business is investment management. Set forth on Attachment A attached hereto is a listing of the directors of Restructurings, their address, principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted, and citizenship. No person other than those listed on Attachment A directly or indirectly controls Restructurings. The Fund is a Delaware limited partnership having its principal place of business at 667 Madison Avenue, New York, New York 10021. Its principal business is investment management. Set forth on Attachment A attached hereto is a listing of the general partners of the Fund, their address, principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted, and citizenship. No person other than those listed on Attachment A directly or indirectly controls the Fund. This Statement on Schedule 13G relates to the Issuer's Common Stock, par value $.01 per share. The CUSIP Number of the Issuer is: 89336Q100. Item 3. If this statement is filed pursuant to Section 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a)[] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b)[] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c)[] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d)[] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e)[] An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E); (f)[] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g)[] A parent holding company or control person in accordance with Section 240. 13d-1(b)(1)(ii)(G); (h)[] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i)[] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j)[] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J). Not Applicable CUSIP No. 89336Q100 Page 7 of 7 Pages Item 4. Ownership (a) Amount beneficially owned: 2,944,231 shares of Common Stock (b) Percent of class: 5.7% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote 2,944,231 shares. (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of 2,944,231 shares. Item 5. Ownership of Five Percent of Less of a Class Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not applicable. Item 8. Identification and Classification of Members of the Group See Attachment A Item 9. Notice of Dissolution of Group Not applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant to any transaction having the purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. INTERMARKET CORP. By:/s/David B. Forer ---------------------------------- David B. Forer Managing Director FERNWOOD ASSOCIATES, L.P. By:/s/David B. Forer ---------------------------------- General Partner FERNWOOD RESTRUCTURINGS, LIMITED By:/s/David B. Forer ---------------------------------- Director FERNWOOD FOUNDATION FUND, L.P. By:/s/David B. Forer ---------------------------------- General Partner Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001). Attachment A Intermarket Corporation - ----------------------- Lionel Goldfrank III (1) President Ian R. MacKenzie (1) Vice President Thomas P. Borger (1) Vice President David B. Forer (1) Vice President Fernwood Associates, L.P. Fernwood Foundation Fund, L.P. - ------------------------------ Lionel Goldfrank III (1)(2) Ian R. MacKenzie (1)(2) Thomas P. Borger (1)(2) David B. Forer (1)(2) Fernwood Restructurings, Ltd. - ----------------------------- Ian R. MacKenzie (1)(2) David B. Forer (1)(2) Lionel Goldfrank III (1)(2) Ian D. Fair (Bahamian Citizen) Chairman of MeesPierson (Bahamas) Limited (Administrator of Fernwood Restructurings) 404 E. Bay St. Windermere House, P.O. Box SS 5539 Nassau, Bahamas Jacques Bouteiller (French Citizen) Retired 1 rue de L'Aigle Compienge, France Steven Carey (Bahamian Citizen) Deputy General Manager of MeesPierson (Bahamas) Limited and Manager of Trust 404 E. Bay St. Windermere House, P.O. Box SS 5539 Nassau, Bahamas Joan L. Thompson (Bahamian Citizen) Manager Corporate Secretarial of MeesPierson 404 E. Bay Street Windermere House, P.O. Box SS 5539 Nassau, Bahamas (1) Messrs. Goldfrank, MacKenzie, Borger and Forer each has as his business address, the address of Intermarket Corporation. Each of them is a U.S. citizen. (2) Messrs. Goldfrank, MacKenzie, Borger and Forer each has as his principal occupation or employment, the position with Intermarket Corporation listed above. -----END PRIVACY-ENHANCED MESSAGE-----