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PROSPECTUS SUPPLEMENT NO. 14 TO PROSPECTUS DATED FEBRUARY 5, 1998
TRANS WORLD AIRLINES, INC.
1,582,200 SHARES OF 9 1/4% CUMULATIVE CONVERTIBLE EXCHANGEABLE PREFERRED
STOCK, $.01 PAR VALUE PER SHARE
(Subject to Conversion into Shares of Common Stock, $.01 par value per share)
The 1,582,200 shares of 9 1/4% Cumulative Convertible Exchangeable
Preferred Stock, $.01 par value per share (the "Preferred Stock") of Trans
World Airlines, Inc. (the "Company") offered hereby are being offered by
the Selling Holders identified below. Each of such Selling Holders has
notified the Company in writing of his or her or its intention to sell the
shares of Preferred Stock as listed herein and has requested the Company to
file this supplement to the Company's Prospectus dated February 5, 1998
(the "Prospectus"). Capitalized terms used herein and not otherwise defined
shall have the meanings ascribed to such terms in the Prospectus.
The Selling Holders will receive all of the net proceeds from the
sale of the Preferred Stock and, accordingly, the Company will receive none
of the proceeds from the sales thereof.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS
PROSPECTUS SUPPLEMENT OR THE PROSPECTUS. ANY
REPRESENTATION TO THE CONTRARY IS
A CRIMINAL OFFENSE.
No person is authorized by the Company or by any dealer to give
information or to make any representations other than those contained or
incorporated by reference in this Prospectus Supplement or the accompanying
Prospectus and, if given or made, such information or representations must
not be relied upon as having been so authorized. Neither this Prospectus
Supplement nor the accompanying Prospectus constitutes an offer to sell or
the solicitation of an offer to buy any securities other than the
securities described in this Prospectus Supplement or an offer to sell or
the solicitation of an offer to buy such securities in any jurisdiction to
any person to whom it is unlawful to make such offer in such jurisdiction.
The delivery of this Prospectus Supplement or the accompanying Prospectus
or any sale made hereunder does not imply that the information contained
herein or therein is correct as of any time subsequent to the date on which
such information is given.
The Section entitled "Selling Holders" is hereby supplemented to
include the following information:
SELLING HOLDERS
The following table sets forth information with respect to the
Selling Holders of the securities offered hereby. Each of the Selling
Holders has notified the Company in writing of his or her or its intention
to sell shares of Preferred Stock in accordance with the requirements set
forth in the Prospectus. This table is cumulative and includes information
provided to the Company by the Selling Holders and previously reported by
the Company. Other beneficial owners of the Preferred Stock not set forth
below may be added as Selling Holders to this Prospectus in the future.
This table has been prepared based upon information furnished to the
Company by the Selling Holders and American Stock Transfer & Trust Company
as the transfer agent for the Preferred Stock and the Common Stock.
<TABLE>
<CAPTION>
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Percentage of Approximate Number
Number of shares of Outstanding of Shares of Common
Preferred Stock Number of shares of shares of Stock into which
Name Beneficially Owned Preferred Stock Offered Preferred Stock Convertible
<S> <C> <C> <C> <C>
Raphael, L.P. 47,800 47,800 2.77% 302,526.20
Michael Angelo. L.P. 43,800 43,800 2.54% 277,210.20
Angelo, Gordon Co., L.P. 44,900 44,900 2.60% 284,172.10
Ramius Fund, Ltd. 28,000 28,000 1.62% 177,212.00
Baldwin Enterprises, Inc. 15,000 15,000 0.87% 94,974.00
Medici Partners, L.P. 6,000 6,000 0.35% 37,974.00
Ramius Securities, LLC 5,000 5,000 0.29% 31,645.00
Bear, Stearns & Co. 5,000 5,000 0.29% 31,645.00
R2 Investments, L.D.C. 8,100 8,100 0.47% 51,264.90
Q Investments, L.P. 15,600 15,600 0.90% 98,732.40
No Margin Fund, L.P.<F1> 22,200 22,200 1.29% 140,503.80
Steeler Fund, Ltd.<F1> 179,000 179,000 10.38% 1,132,891.00
Duquesne Fund, L.P.<F1> 98,800 98,800 5.73% 625,305.20
Lazard Freres & Co. LLC<F2> 73,100 73,100 4.24% 462,649.90
Credit Research & Trading LLC 15,000 15,000 0.87% 94,935.00
Lazard Freres & Co. LLC<F2> 22,500 22,500 1.30% 142,402.50
Deutsche Morgan Grenfell Inc. 173,300 173,300 10.05% 1,096,815.90
(Continued on next page)
<FN>
<F1> To be offered through Lazard Freres & Co. LLC.
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<S> <C> <C> <C> <C>
Lazard Freres & Co. LLC<F2> 47,000 47,000 2.72% 297,463.00
Lazard Freres & Co. LLC<F2> 25,000 25,000 1.45% 158,225.00
Tablesalt & Co. 50,000 50,000 2.90% 316,450.00
Stark International 5,800 5,800 0.34% 36,708.20
Shepherd Investments International, Ltd. 4,200 4,200 0.24% 26,581.90
Lazard Freres & Co. LLC<F2> 80,000 80,000 4.64% 506,320.00
Swiss Bank Corporation -London Branch 2,500 2,500 0.14% 15,822.50
Farallon Capital Partners, LP 29,300 29,300 1.70% 185,439.70
Farallon Capital Institutional Partners, LP 26,000 26,000 1.51% 164,554.00
Farallon Capital Institutional Partners II, LP 3,200 3,200 0.19% 20,252.80
The Common Fund 6,500 6,500 0.38% 41,138.50
Swiss Bank Corporation -London Branch 5,000 5,000 0.29% 31,645.00
ABN-AMRO Incorporated 122,700 122,700 7.11% 776,568.30
Deutsche Bank AG 4,200 4,200 0.24% 26,581.80
ABN-AMRO Incorporated 140,400 140,400 8.14% 888,591.60
SoundShore Holdings Ltd. 49,600 49,600 2.88% 313,918.40
ABN-AMRO Incorporated 13,500 13,500 0.78% 85,441.50
Goldman Sachs and Company 7,200 7,200 0.42% 45,568.80
ABN-AMRO Incorporated 22,000 22,000 1.28% 139,238.00
Lindner Growth Fund 135,000 135,000 7.83% 854,415.00
--------- --------- ----- -------------
Total 1,582,200<F*> 1,582,200<F*> 91.72% 10,013,743.80
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<FN>
<F*> Prospectus Supplement No. 11 purported to register 13,500 shares
of the Preferred Stock held by ABN-AMRO, Incorporated pursuant to the
registration statement. However, ABN-AMRO, Incorporated has since advised
the Company that such request was in error since the shares had been
previously registered. Therefore, these shares have been removed from the
totals herein.
</TABLE>
Information concerning the sale of other shares of Preferred Stock by
their beneficial holders will be set forth in additional Prospectus
Supplements. As of the date of this Prospectus Supplement, the aggregate
number of shares of Preferred Stock outstanding is 1,725,000.
It is not possible to predict the number of shares of Preferred Stock
that will be sold hereby. Consequently, it is not possible to predict the
number of shares of Preferred Stock that will be owned by the Selling
Holders following completion of sales of the securities offered hereby.
THE DATE OF THIS PROSPECTUS SUPPLEMENT IS JULY 12, 1999
[FN]
<F2> Lazard Freres & Co. LLC has received certain fees and other
remuneration in connection with the offer and sale of certain of the
Company's convertible securities and debt in the fourth calendar quarter of
1997 and may receive such fees and other remuneration in connection with
the offer and sale of the Company's securities in the first calendar
quarter of 1998. Lazard may from time to time provide financial advice to
the company.
