Schedule 13G Amendment No. 2

-----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, CKZZnH/Of+EbcdAzt8ndB191935FUIqcfm3nyHlUfiav5V3LyjAzmHQPkl30CbYJ hy7dbJCWz9lUuX4rJtJQnA== 0001193125-07-235195.txt : 20071105 0001193125-07-235195.hdr.sgml : 20071105 20071105171535 ACCESSION NUMBER: 0001193125-07-235195 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20071105 DATE AS OF CHANGE: 20071105 GROUP MEMBERS: RAVICH REVOCABLE TRUST OF 1989 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TRANS WORLD CORP CENTRAL INDEX KEY: 0000914577 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] IRS NUMBER: 133738518 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46403 FILM NUMBER: 071214904 BUSINESS ADDRESS: STREET 1: 545 FIFTH AVE STREET 2: STE 940 CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129833355 MAIL ADDRESS: STREET 1: 545 FIFTH AVE STREET 2: STE 940 CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: TRANS WORLD GAMING CORP DATE OF NAME CHANGE: 19941027 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RAVICH JESS M CENTRAL INDEX KEY: 0001094988 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: BUSINESS PHONE: 310-312-5670 MAIL ADDRESS: STREET 1: 11766 WILSHIRE BOULEVARD STREET 2: SUITE 870 CITY: LOS ANGELES STATE: CA ZIP: 90025 SC 13G/A 1 dsc13ga.htm SCHEDULE 13G AMENDMENT NO. 2 Schedule 13G Amendment No. 2

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13G

(Rule 13d 102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULES 13d-1(b) (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO 13d-2(b)

(Amendment No. 2)

Trans World Corporation

(Name of Issuer)

Common Stock, $.001 Par Value Per Share

(Title of Class of Securities)

89336R207

(CUSIP Number)

November 2, 2007

(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)

þ Rule 13d-1(c)

¨ Rule 13d-1(d)


CUSIP NO. 89336R207		13G		Page 2 of 6 Pages


1		NAME OF REPORTING PERSON: Ravich Revocable Trust of 1989 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) þ (b) ¨
3		SEC USE ONLY
4		CITIZENSHIP OR PLACE OF ORGANIZATION California Revocable Trust


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:		5 SOLE VOTING POWER 0
		6 SHARED VOTING POWER 414,602
		7 SOLE DISPOSITIVE POWER 0
		8 SHARED DISPOSITIVE POWER 414,602


9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 414,602
10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ¨
11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.69%
12		TYPE OF REPORTING PERSON (See Instructions) OO


CUSIP NO. 89336R207		13G		Page 3 of 6 Pages


1		NAME OF REPORTING PERSON: Jess M. Ravich I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) þ (b) ¨
3		SEC USE ONLY
4		CITIZENSHIP OR PLACE OF ORGANIZATION United States


NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:		5 SOLE VOTING POWER 0
		6 SHARED VOTING POWER 414,602
		7 SOLE DISPOSITIVE POWER 0
		8 SHARED DISPOSITIVE POWER 414,602


9		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 414,602
10		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) ¨
11		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 4.69%
12		TYPE OF REPORTING PERSON (See Instructions) IN


CUSIP NO. 89336R207		13G		Page 4 of 6 Pages

This Amendment No. 2 amends the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on July 3, 2003, as amended by Amendment No. 1 filed by the Reporting Persons with the Securities and Exchange Commission on January 17, 2007, relating to the shares of Common Stock, $.001 par value per share (the “Common Stock”) of Trans World Corporation (“Trans World”). This Amendment No. 2 to Schedule 13G is being filed on behalf of the Ravich Revocable Trust of 1989 (the “Ravich Revocable Trust”), of which Jess M. Ravich serves as trustee, and Jess M. Ravich (“Ravich”, and together with the Ravich Revocable Trust, the “Reporting Persons”).

ITEM 1(a). NAME OF ISSUER:

Trans World Corporation (“Trans World”)

ITEM 1(b). ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:

545 Fifth Avenue, Suite 940

New York, New York 10017

ITEM 2(a). NAME OF PERSON FILING:

This Amendment No. 2 to Schedule 13G is being filed on behalf of the Ravich Revocable Trust of 1989 (the “Ravich Revocable Trust”), of which Jess M. Ravich serves as trustee, and Jess M. Ravich (“Ravich”, and together with the Ravich Revocable Trust, the “Reporting Persons”). Attached as Exhibit 1 is a copy of an agreement among the Reporting Persons that this Amendment to Schedule 13G is being filed on behalf of each of them.

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:

The principal business office of the Reporting Persons is located at 11766 Wilshire Boulevard, Suite 870, Los Angeles, California 90025.

ITEM 2(c). CITIZENSHIP:

The Ravich Revocable Trust is a California revocable trust. Ravich is a citizen of the United States.

ITEM 2(d). TITLE OF CLASS OF SECURITIES:

This Amendment No. 2 to Schedule 13G is being filed with respect to the common stock, par value $0.001 per share of Trans World (the “Common Stock”). The Reporting Persons’ percentage ownership of Common Stock, determined after the sale described above, is based on total outstanding shares of Common Stock of 8,840,870 as reported as outstanding as of October 31, 2007 in Trans World’s most recent quarterly report on Form 10-QSB.


CUSIP NO. 89336R207		13G		Page 5 of 6 Pages

ITEM 2(e).

CUSIP Number:

89336R207

ITEM 3.

IF THIS STATEMENT IS FILED PURSUANT TO §§240.13d-1(b) or §§240.13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS: One of the following

Not applicable as this Amendment to Schedule 13G is filed pursuant to Rule 13d-12(d).

ITEM 4.

OWNERSHIP:

The information in items 1 and 5 through 11 on the cover pages (pp. 2—3) on this Schedule 13G is hereby incorporated by reference.

ITEM 5.

OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities check the following. x

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 A GROUP:

Not applicable.

ITEM 9.

NOTICE OF DISSOLUTION OF GROUP:

Not applicable.


CUSIP NO. 89336R207		13G		Page 6 of 6 Pages

ITEM 10.

CERTIFICATION

By signing below I certify that, to the best of each such person’s 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 in any transaction having that purpose or effect.

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.

Dated: November 2, 2007


RAVICH REVOCABLE TRUST OF 1989

/s/ Jess M. Ravich
By:		Jess M. Ravich, Trustee

/s/ Jess M. Ravich
Jess M. Ravich

EX-1 2 dex1.htm AGREEMENT REGARDING JOINT FILING Agreement Regarding Joint Filing

EXHIBIT 1

AGREEMENT REGARDING JOINT FILING

The undersigned, the Ravich Revocable Trust of 1989, a California revocable trust, and Jess M. Ravich, an individual, hereby agree and acknowledge that the information required by the Amendment No. 2 to Schedule 13G, to which this Agreement is attached as an exhibit, is filed on behalf of each of them. The undersigned further agree that any amendments or supplements thereto shall also be filed on behalf of each of them.

Dated: November 2, 2007


RAVICH REVOCABLE TRUST OF 1989

/s/ Jess M. Ravich
By:		Jess M. Ravich, Trustee

/s/ Jess M. Ravich
Jess M. Ravich

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