Sec Form 4 Filing - Linn Michael G @ TOWN SPORTS INTERNATIONAL HOLDINGS INC - 2017-06-16

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Linn Michael G
2. Issuer Name and Ticker or Trading Symbol
TOWN SPORTS INTERNATIONAL HOLDINGS INC [ CLUB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
Member of Group Owning 10%
(Last) (First) (Middle)
C/O FARALLON CAPITAL MANAGEMENT, L.L.C., ONE MARITIME PLAZA, SUITE 2100
3. Date of Earliest Transaction (MM/DD/YY)
06/16/2017
(Street)
SAN FRANCISCO, CA94111
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.001 per share 06/16/2017 S 1,323,777 D $ 3.6 72,234 D ( 1 ) ( 2 ) ( 3 )
Common Stock, par value $0.001 per share 06/16/2017 S 1,492,872 D $ 3.6 81,462 D ( 1 ) ( 2 ) ( 4 )
Common Stock, par value $0.001 per share 06/16/2017 S 968,413 D $ 3.6 52,843 D ( 1 ) ( 2 ) ( 5 )
Common Stock, par value $0.001 per share 06/16/2017 S 2,371 D $ 3.6 129 D ( 1 ) ( 2 ) ( 6 )
Common Stock, par value $0.001 per share 06/16/2017 S 62,567 D $ 3.6 3,414 D ( 1 ) ( 2 ) ( 7 )
Common Stock, par value $0.001 per share 06/19/2017 S 72,234 D $ 3.6 0 D ( 1 ) ( 2 ) ( 3 )
Common Stock, par value $0.001 per share 06/19/2017 S 81,462 D $ 3.6 0 D ( 1 ) ( 2 ) ( 4 )
Common Stock, par value $0.001 per share 06/19/2017 S 52,843 D $ 3.6 0 D ( 1 ) ( 2 ) ( 5 )
Common Stock, par value $0.001 per share 06/19/2017 S 129 D $ 3.6 0 D ( 1 ) ( 2 ) ( 6 )
Common Stock, par value $0.001 per share 06/19/2017 S 3,414 D $ 3.6 0 D ( 1 ) ( 2 ) ( 7 )
Common Stock, par value $0.001 per share 0 I See footnotes. ( 1 ) ( 2 ) ( 8 ) ( 9 )
Common Stock, par value $0.001 per share 0 I See footnotes. ( 1 ) ( 2 ) ( 8 ) ( 10 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Linn Michael G
C/O FARALLON CAPITAL MANAGEMENT, L.L.C.
ONE MARITIME PLAZA, SUITE 2100
SAN FRANCISCO, CA94111
X Member of Group Owning 10%
Paidipaty Ravi K
C/O FARALLON CAPITAL MANAGEMENT, L.L.C.
ONE MARITIME PLAZA, SUITE 2100
SAN FRANCISCO, CA94111
X Member of Group Owning 10%
PATEL RAJIV A
C/O FARALLON CAPITAL MANAGEMENT, L.L.C.
ONE MARITIME PLAZA, SUITE 2100
SAN FRANCISCO, CA94111
X Member of Group Owning 10%
Roberts Thomas G. Jr.
C/O FARALLON CAPITAL MANAGEMENT, L.L.C.
ONE MARITIME PLAZA, SUITE 2100
SAN FRANCISCO, CA94111
X Member of Group Owning 10%
Seybold William
C/O FARALLON CAPITAL MANAGEMENT, L.L.C.
ONE MARITIME PLAZA, SUITE 2100
SAN FRANCISCO, CA94111
X Member of Group Owning 10%
Spokes Andrew J M
C/O FARALLON CAPITAL MANAGEMENT, L.L.C.
ONE MARITIME PLAZA, SUITE 2100
SAN FRANCISCO, CA94111
X Member of Group Owning 10%
Warren John R.
C/O FARALLON CAPITAL MANAGEMENT, L.L.C.
ONE MARITIME PLAZA, SUITE 2100
SAN FRANCISCO, CA94111
X Member of Group Owning 10%
WEHRLY MARK C
C/O FARALLON CAPITAL MANAGEMENT, L.L.C.
ONE MARITIME PLAZA, SUITE 2100
SAN FRANCISCO, CA94111
X Member of Group Owning 10%
Signatures
/s/ Michael Fisch, as attorney-in-fact and/or authorized signer for Michael G. Linn 06/20/2017
Signature of Reporting Person Date
/s/ Michael Fisch, as attorney-in-fact and/or authorized signer for Ravi K. Paidipaty 06/20/2017
Signature of Reporting Person Date
/s/ Michael Fisch, as attorney-in-fact and/or authorized signer for Rajiv A. Patel 06/20/2017
Signature of Reporting Person Date
/s/ Michael Fisch, as attorney-in-fact and/or authorized signer for Thomas G. Roberts Jr. 06/20/2017
Signature of Reporting Person Date
/s/ Michael Fisch, as attorney-in-fact and/or authorized signer for William Seybold 06/20/2017
Signature of Reporting Person Date
/s/ Michael Fisch, as attorney-in-fact and/or authorized signer for Andrew J.M. Spokes 06/20/2017
Signature of Reporting Person Date
/s/ Michael Fisch, as attorney-in-fact and/or authorized signer for John R. Warren 06/20/2017
Signature of Reporting Person Date
/s/ Michael Fisch, as attorney-in-fact and/or authorized signer for Mark C. Wehrly 06/20/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The entities and individuals identified in the footnotes to this Form 4 may be deemed members of a group holding equity securities of Town Sports International Holdings, Inc. (the "Issuer"). The filing of this Form 4 and any statements included herein shall not be deemed to be an admission that such entities and individuals are members of such a group.
( 2 )Since the number of reporting persons that may be listed on a Form 4 is limited, the entities and individuals listed in these footnotes that are not reporting persons on this Form 4 are filing an additional Form 4 on the date hereof as reporting persons with respect to the securities described herein (the "Parallel Form 4"). Information regarding these entities and individuals is included in this Form 4 for purposes of clarification and convenience only, and is duplicative of the information contained in the Parallel Form 4.
( 3 )The amount of securities shown in this row is owned directly by Farallon Capital Partners, L.P. ("FCP").
( 4 )The amount of securities shown in this row is owned directly by Farallon Capital Institutional Partners, L.P. ("FCIP").
( 5 )The amount of securities shown in this row is owned directly by Farallon Capital Institutional Partners II, L.P. ("FCIP II").
( 6 )The amount of securities shown in this row is owned directly by Farallon Capital Institutional Partners III, L.P. ("FCIP III").
( 7 )The amount of securities shown in this row is owned directly by Farallon Capital Offshore Investors II, L.P. ("FCOI II" and, together with FCP, FCIP, FCIP II and FCIP III, the "Farallon Funds").
( 8 )The amount of securities shown in this row is owned directly by the Farallon Funds.
( 9 )As the general partner of each of the Farallon Funds, Farallon Partners, L.L.C. ("FPLLC") may be deemed to be a beneficial owner of the Issuer's securities held by the Farallon Funds. FPLLC hereby disclaims any beneficial ownership of any of the Issuer's securities reported or referenced herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "'34 Act"), or otherwise, except as to securities representing FPLLC's pro rata interest in, and interest in the profits of, the Farallon Funds.
( 10 )Each of Philip D. Dreyfuss, Michael B. Fisch, Richard B. Fried, David T. Kim, Monica R. Landry, Michael G. Linn, Ravi K. Paidipaty, Rajiv A. Patel, Thomas G. Roberts, Jr., William Seybold, John R. Warren and Mark C. Wehrly (collectively, the "Managing Members") and Andrew J.M. Spokes (the "Senior Managing Member"), as a Managing Member or the Senior Managing Member, as the case may be, of FPLLC, in each case with the power to exercise investment discretion, may be deemed to be a beneficial owner of the Issuer's securities held by the Farallon Funds. Each of the Managing Members and the Senior Managing Member disclaims any beneficial ownership of any of the Issuer's securities reported or referenced herein for purposes of Section 16 of the '34 Act or otherwise, except to the extent of his or her pecuniary interest, if any.

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