Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Walsh Patrick
   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)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
141 W. JACKSON BLVD., STE. 1702		 3. Date of Earliest Transaction (Month/Day/Year)
03/10/2016
(Street)

CHICAGO, IL 60604		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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, $0.001 par value (1) 03/10/2016   P   70,000 A $ 1.9277 108,435 I By Separately Managed Account (2)
Common Stock, $0.001 par value (1) 03/10/2016   P   96,174 A $ 1.9277 3,012,418 I By PW Partners Atlas Fund III LP (3)
Common Stock, $0.001 par value (1) 03/11/2016   P   167,378 A $ 2.0529 3,179,796 I By PW Partners Atlas Fund III LP (3)
Common Stock, $0.001 par value (1) 03/11/2016   A   185,000 (5) A $ 0 299,294 D  
Common Stock, $0.001 par value (1)               20,000 I By PW Partners Master Fund (QP) LP (4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)		 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
Walsh Patrick
141 W. JACKSON BLVD.
STE. 1702
CHICAGO, IL 60604		   X   X    
PW Partners Atlas Fund III, LP
141 W. JACKSON BLVD.
STE. 1702
CHICAGO, IL 60604		     X    
PW Partners Atlas Funds, LLC
141 W. JACKSON BLVD.
STE. 1702
CHICAGO, IL 60604		     X    
PW Partners Master Fund (QP), L.P.
141 W. JACKSON BLVD.
STE. 1702
CHICAGO, IL 60604		     X    
PW Partners, LLC
141 W. JACKSON BLVD.
STE. 1702
CHICAGO, IL 60604		     X    
PW Partners Capital Management LLC
141 W. JACKSON BLVD.
STE. 1702
CHICAGO, IL 60604		     X    

Signatures

 By: /s/ Patrick Walsh   03/14/2016
**Signature of Reporting Person Date
 By: PW Partners Atlas Fund III LP, By: PW Partners Atlas Funds, LLC, General Partner, By: /s/ Patrick Walsh, Managing Member and Chief Executive Officer   03/14/2016
**Signature of Reporting Person Date
 By: PW Partners Master Fund (QP) LP, By: PW Partners, LLC, General Partner, By: /s/ Patrick Walsh, Managing Member and Chief Executive Officer   03/14/2016
**Signature of Reporting Person Date
 By: PW Partners, LLC, By: /s/ Patrick Walsh, Managing Member and Chief Executive Officer   03/14/2016
**Signature of Reporting Person Date
 By: PW Partners Atlas Funds, LLC, By: /s/ Patrick Walsh, Managing Member and Chief Executive Officer   03/14/2016
**Signature of Reporting Person Date
 By: PW Partners Capital Management LLC, By: /s/ Patrick Walsh, Managing Member   03/14/2016
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) This Form 4 is filed jointly by PW Partners Atlas Fund III LP ("Atlas Fund III"), PW Partners Master Fund (QP) LP ("Master Fund QP"), PW Partners Atlas Funds, LLC ("Atlas Fund GP"), PW Partners, LLC ("PW Partners GP"), PW Partners Capital Management LLC ("PW Capital Management") and Patrick Walsh (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
(2) Represents securities held in an account (the "Separately Managed Account") separately managed by PW Capital Management. As the Investment Manager of the Separately Managed Account, PW Capital Management may be deemed to beneficially own the securities held in the Separately Managed Account. Mr. Walsh, as the Managing Member of PW Capital Management, may be deemed to beneficially own the securities held in the Separately Managed Account.
(3) Represents securities owned directly by Atlas Fund III. As the General Partner of Atlas Fund III, Atlas Fund GP may be deemed to beneficially own the securities owned directly by Atlas Fund III. As the Investment Manager of Atlas Fund III, PW Capital Management may be deemed to beneficially own the securities owned directly by Atlas Fund III. As the Managing Member of PW Capital Management and the Managing Member and Chief Executive Officer of Atlas Fund GP, Mr. Walsh may be deemed to beneficially own the securities owned directly by Atlas Fund III.
(4) Represents securities owned directly by Master Fund QP. As the General Partner of Master Fund QP, PW Partners GP may be deemed to beneficially own the securities owned directly by Master Fund QP. As the Investment Manager of Master Fund QP, PW Capital Management may be deemed to beneficially own the securities owned directly by Master Fund QP. As the Managing Member of PW Capital Management and the Managing Member and Chief Executive Officer of PW Partners GP, Mr. Walsh may be deemed to beneficially own the securities owned directly by Master Fund QP.
(5) These shares were issued pursuant to the Registrant's 2006 Stock Incentive Plan, as amended, as an award to Mr. Walsh for his service on the Board of Directors.

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