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UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 20)*
TRANS WORLD ENTERTAINMENT CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
(Title of Class of Securities)
89336 Q 10 0
(CUSIP Number)
December 31, 2006
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[ ] Rule
13d-1(b)
[ ] Rule
13d-1(c)
[X] Rule
13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| 1. | Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) | ||
ROBERT
J. HIGGINS |
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| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) | ||
| (a) | [ ] |
||
| (b) | [X] |
||
| 3. | SEC
Use Only |
||
| 4. | Citizenship or Place of Organization | ||
UNITED
STATES |
|||
| 5. | Sole Voting Power | ||
16,304,429
(including 4,050,000 shares subject to options that are exercisable within
60 days). |
|||
| Number of | |||
|
Shares
|
6. | Shared Voting Power | |
| Beneficially | 188,050 |
||
| Owned by | |||
|
Each
|
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| Reporting | Sole Dispositive Power | ||
|
Person
|
16,304,429
(including 4,050,000 shares subject to options that are exercisable within
60 days). |
||
| With |
|||
| 8. | Shared Dispositive Power | ||
188,050 |
|||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person | ||
16,492,479
SHARES |
|||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) | ||
[ ] |
|||
| 11. | Percent of Class Represented by Amount in Row (9) | ||
53.4% |
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| 12. | Type of Reporting Person (See Instructions) | ||
IN |
|||
|
Item 1.
|
||
|
(a)
|
Name of Issuer | |
| TRANS WORLD ENTERTAINMENT CORPORATION | ||
|
(b)
|
Address of Issuer's Principal Executive Offices | |
| 38 CORPORATE CIRCLE | ||
| ALBANY, NEW YORK 12203 | ||
|
Item 2.
|
||
|
(a)
|
Name of Person Filing | |
| ROBERT J. HIGGINS | ||
|
(b)
|
Address of Principal Business Office or, if none, Residence | |
| 38 CORPORATE CIRCLE | ||
| ALBANY, NEW YORK 12203 | ||
|
(c)
|
Citizenship | |
| UNITED STATES | ||
|
(d)
|
Title of Class of Securities | |
| COMMON STOCK, PAR VALUE $0.01 PER SHARE | ||
|
(e)
|
CUSIP Number | |
| 89336Q 10 0 | ||
|
Item 3.
|
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
[ ]
|
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[ ] |
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[ ] |
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[ ] |
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[ ] |
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[ ] |
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[ ] |
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[ ] |
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[ ] |
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[ ] |
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[ ] |
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| Item 4. | Ownership. | ||
| Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. | |||
| (a) | Amount beneficially owned: 16,492,479 SHARES | ||
| (b) | Percent of class: 53.4% | ||
| (c) | Number of shares as to which the person has: | ||
| (i) | Sole power to vote or to direct the vote 16,304,429 SHARES (including 4,050,000 shares | ||
| subject to options that are exercisable within 60 days). | |||
| (ii) | Shared power to vote or to direct the vote 188,050 SHARES | ||
| (iii) | Sole power to dispose or to direct the disposition of vote 16,304,429 SHARES (including | ||
| 4,050,000 shares subject to options that are exercisable within 60 days). | |||
| (iv) | Shared power to dispose or to direct the disposition of 188,050 SHARES | ||
| Item 5. | Ownership of Five Percent or Less of a Class | ||
| [ ] | |||
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person. | ||
| [ ] | |||
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company | ||
| [ ] | |||
| Item 8. | Identification and Classification of Members of the Group | ||
| [ ] | |||
| Item 9. | Notice of Dissolution of Group | ||
| [ ] | |||
| Item 10. | Certification | ||
| [ X ] | |||
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
January
31, 2007 |
|
| Date | |
/s/
Robert J. Higgins |
|
| Signature | |
| ROBERT J. HIGGINS | |
CHAIRMAN
AND CHIEF EXECUTIVE OFFICER |
|
| Name/Title |