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Filing Details

Accession Number:: 0000905718-19-000573
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-06-28 18:45:20
Reporting Period:: 2019-06-26

Accepted Time:: 2019-06-28 18:45:20
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1747079	Twin River Worldwide Holdings Inc.	TRWH	()	DE

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1511989	Chatham Asset Management, Llc	26 Main Street, Suite 204 Chatham NJ 07928		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $0.01 Par Value Per Share	Disposition	2019-06-26	108,863	$30.41	5,387,140	No	4	S	Indirect	See Footnote
Common Stock, $0.01 Par Value Per Share	Disposition	2019-06-27	34,858	$30.40	5,352,282	No	4	S	Indirect	See Footnote
Common Stock, $0.01 Par Value Per Share	Disposition	2019-06-28	505,517	$29.79	4,847	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote

Footnotes

Chatham Asset Management, LLC (the "Reporting Person") is the investment manager to Chatham Asset High Yield Master Fund, Ltd., a Cayman Islands exempted company ("Chatham Master Fund"), and other affiliated funds (collectively with Chatham Master Fund, the "Chatham Funds"). Anthony Melchiorre ("Mr. Melchiorre") is the managing member of the Reporting Person. As of June 28, 2019, Chatham Master Fund held 1,934,057 shares of common stock, $0.01 par value per share (the "Common Stock"), of Twin River Worldwide Holdings, Inc. (the "Company"), and certain other affiliated funds held an aggregate of 2,912,708 shares of Common Stock. Pursuant to Reg. Section 240.16a-1(a)(2), the Reporting Person's and Mr. Melchiorre's beneficial ownership is limited to their pecuniary interest, if any, in such securities.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.32 to $30.47 share, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.35 to $30.465 per share, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.75 to $30.00 per share, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.
The Reporting Person is aware that, under Section 16(b) of the Securities Exchange Act of 1934, as amended, certain of these sales may be matchable against prior purchases of Common Stock. The Reporting Person has calculated aggregate profits realized to be $143,573.38, for all applicable trades made between March 28, 2019 and June 28, 2019, inclusive, by matching the lowest possible purchase prices against the highest possible sale prices for all such trades. Accordingly, the Reporting Person has previously remitted aggregate payments to the Company in that amount.