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
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
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.