4//SEC Filing
MILES MICHAEL A 4
Accession 0001127602-10-030877
CIK 0001105705other
Filed
Dec 15, 7:00 PM ET
Accepted
Dec 16, 5:10 PM ET
Size
6.4 KB
Accession
0001127602-10-030877
Insider Transaction Report
Form 4
MILES MICHAEL A
Director
Transactions
- Award
Phantom Stock Units
2010-12-15$31.49/sh+31.077$979→ 4,636.327 total(indirect: By Deferred Compensation Plan)→ Common Stock, Par Value $.01 (31.077 underlying)
Footnotes (1)
- [F1]The phantom stock units were acquired by the Reporting Person under the Time Warner Inc. Non-Employee Directors' Deferred Compensation Plan (the "Deferred Compensation Plan") in connection with the Issuer's quarterly cash dividend payment on its Common Stock. This transaction is exempt under Section 16(b). Pursuant to the terms of the Deferred Compensation Plan, the phantom stock units are to be settled in cash in a lump sum or in annual installments beginning on the April 30th following the date the Reporting Person ceases to be a director. The cash value received by the Reporting Person upon distribution will be based, one-for-one, on the fair market value of the Common Stock underlying the phantom stock units held in the Reporting Person's account.
Documents
Issuer
TIME WARNER INC.
CIK 0001105705
Entity typeother
Related Parties
1- filerCIK 0001077846
Filing Metadata
- Form type
- 4
- Filed
- Dec 15, 7:00 PM ET
- Accepted
- Dec 16, 5:10 PM ET
- Size
- 6.4 KB