X0306 4 2016-01-20 0 0000795212 TRANS WORLD ENTERTAINMENT CORP TWMC 0000949119 MILLER LLOYD I III 3300 SOUTH DIXIE HIGHWAY SUITE 1-365 WEST PALM BEACH FL 33405 0 0 1 0 Common Stock 2016-01-20 4 P 0 27292 3.20 A 27292 I By Milfam III L.P. Common Stock 8400 I By LIMFAM LLC Common Stock 27197 I By Trust A-1 - Lloyd I. Miller Common Stock 1561 I By Milfam I L.P. Common Stock 2029867 I By Trust A-4 - Lloyd I. Miller Common Stock 36031 I By Susan F. Miller Common Stock 24000 I See Footnote no. 2 Common Stock 1156438 D Common Stock 2462685 I By Milfam II L.P. Common Stock 112791 I By Trust A-3 - Lloyd I. Miller Common Stock 35002 I By AMIL of Ohio, LLC Common Stock 6000 I By Lloyd I. Miller, III, Trustee GST Catherine C. Miller Common Stock 6000 I By Lloyd I. Miller, III, Trustee GST Kimberly S. Miller Common Stock 6000 I By Lloyd I. Miller, III, Trustee GST Lloyd I. Miller Common Stock 4000 I By Trust A-2 - Lloyd I. Miller Common Stock 148094 I By Milgrat (A10) Common Stock 319605 I By Milgrat (T10) The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. This filing shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchang Act of 1934 (the "Act") or otherwise, the beneficial owner of any equity securities covered by this filing. By Lloyd I. Miller, III, co-trustee with Kimberly S. Miller f/b/o Lloyd I. Miller IV and Alexandra B. Miller /s/ David J. Hoyt Attorney-in-fact 2016-01-21