4//SEC Filing
MILES MICHAEL A 4
Accession 0001127602-11-000752
CIK 0001105705other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 5:16 PM ET
Size
6.9 KB
Accession
0001127602-11-000752
Insider Transaction Report
Form 4
MILES MICHAEL A
Director
Transactions
- Award
Phantom Stock Units (pre-2001)
2010-12-31$31.15/sh+37.611$1,172→ 5,550.989 total(indirect: By Deferred Compensation Plan)→ Common Stock, Par Value $.01 (37.611 underlying)
Footnotes (2)
- [F1]The phantom stock units were acquired by the Reporting Person under the Deferred Compensation Plan for Directors of Time Warner Inc. (the "Plan") (a plan maintained by Historic TW Inc. prior to its merger with America Online, Inc. in 2001 (the "Merger")), 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 Plan, deferred amounts are paid in cash upon the earlier of the Reporting Person's attaining age 70, death or ceasing to be a director for certain limited reasons. The cash value received by the Reporting Person upon distribution will be based upon the greater of (1) the fair market value of the Common Stock underlying the phantom stock units credited to the Reporting Person's account or (2) the amounts deferred plus interest at the seven-year treasury rate, compounded annually. Directors cannot elect to defer additional monies under this Plan.
- [F2]Includes additional phantom stock units that were allocated to the Reporting Person prior to the Merger. In the Merger, phantom stock units were converted on a 1.5 to 1 basis.
Documents
Issuer
TIME WARNER INC.
CIK 0001105705
Entity typeother
Related Parties
1- filerCIK 0001077846
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 5:16 PM ET
- Size
- 6.9 KB