| | | | | | | | | | | | | | | | | | | | | | |
Ownership Document
|
| Schema Version: X0306 |
| Document Type: 4 |
| Period of Report: 3/23/20 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1281774 |
| Issuer Name: TOWN SPORTS INTERNATIONAL HOLDINGS INC |
| Issuer Trading Symbol: CLUB |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1607717 |
| | Owner Name: Ajmera Nitin |
| Reporting Owner Address: |
| | Owner Street 1: 1001 US NORTH HIGHWAY 1, SUITE 201 |
| | Owner Street 2: |
| | Owner City: JUPITER |
| | Owner State: FL |
| | Owner ZIP Code: 33477 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: Chief Accounting Officer |
| | Other Text: |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock, par value $0.001 |
| | Transaction Date: |
| | | Value: 3/23/20 |
| | Deemed Execution Date: |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 2037 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 0.78 |
| Footnote ID: F2 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 75,652 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: Represents shares of Town Sports International Holdings, Inc. common stock sold to satisfy income tax withholding obligations in connection with the vesting of restricted stock. |
| Footnote - F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.78 to $0.75 per share, inclusive. The reporting person undertakes to provide to Town Sports International Holdings, Inc., any security holder of Town Sports International Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| Owner Signature: |
| Signature Name: /s/ Nitin Ajmera |
| Signature Date: 3/24/20 |
