Filing Details

Accession Number:
0000921895-19-003023
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-12-17 18:57:53
Reporting Period:
2019-12-13
Accepted Time:
2019-12-17 18:57:53
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1281774 Town Sports International Holdings Inc CLUB Services-Membership Sports & Recreation Clubs (7997) 200640002
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1508045 Patrick Walsh 141 W. Jackson Blvd.
Ste. 1702
Chicago IL 60604
Chief Executive Officer Yes Yes Yes No
1593174 Pw Partners Atlas Fund Ii, Lp 141 W. Jackson Blvd.
Ste. 1702
Chicago IL 60604
No No No Yes
1594105 Pw Partners Atlas Funds, Llc 141 W. Jackson Blvd.
Ste. 1702
Chicago IL 60604
No No No Yes
1594107 Pw Partners Capital Management Llc 141 W. Jackson Blvd.
Ste. 1702
Chicago IL 60604
No No No Yes
1618192 Pw Partners Atlas Fund Iii, Lp 141 W. Jackson Blvd.
Ste. 1702
Chicago IL 60604
No No No Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, $0.001 Par Value Acquisiton 2019-12-13 21,508 $1.76 2,521,942 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, $0.001 Par Value 1,271,182 Indirect By PW Partners Atlas Fund III LP
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock, $0.001 Par Value Option (right to buy) $1.50 2019-12-11 2019-12-23 1,500,000 1,500,000 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
2019-12-23 1,500,000 1,500,000 Indirect
Footnotes
  1. This Form 4 is filed jointly by PW Partners Atlas Fund III LP ("Atlas Fund III"), PW Partners Atlas Fund II LP ("Atlas Fund II"), PW Partners Atlas Funds, LLC ("Atlas Fund GP"), PW Partners Capital Management LLC ("PW Capital Management") and Patrick Walsh (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
  2. Represents securities owned directly by Atlas Fund III. As the General Partner of Atlas Fund III, Atlas Fund GP may be deemed to beneficially own the securities owned directly by Atlas Fund III. As the Investment Manager of Atlas Fund III, PW Capital Management may be deemed to beneficially own the securities owned directly by Atlas Fund III. As the Managing Member of PW Capital Management and the Managing Member and Chief Executive Officer of Atlas Fund GP, Mr. Walsh may be deemed to beneficially own the securities owned directly by Atlas Fund III.
  3. Represents securities owned directly by Atlas Fund II. As the General Partner of Atlas Fund II, Atlas Fund GP may be deemed to beneficially own the securities owned directly by Atlas Fund II. As the Investment Manager of Atlas Fund II, PW Capital Management may be deemed to beneficially own the securities owned directly by Atlas Fund II. As the Managing Member of PW Capital Management and the Managing Member and Chief Executive Officer of Atlas Fund GP, Mr. Walsh may be deemed to beneficially own the securities owned directly by Atlas Fund II.