MILES MICHAEL A 4
4 · TIME WARNER INC. · Filed May 2, 2012
Insider Transaction Report
Form 4
MILES MICHAEL A
Director
Transactions
- Sale
Common Stock, Par Value $.01
2012-05-01$37.92/sh−0.926$35→ 32,613 total - Exercise/Conversion
Restricted Stock Units
2012-05-01−3,729.926→ 862.676 totalFrom: 2012-05-01Exp: 2012-05-01→ Common Stock, Par Value $.01 (3,729.926 underlying) - Exercise/Conversion
Common Stock, Par Value $.01
2012-05-01+3,729.926→ 32,613.926 total
Footnotes (4)
- [F1]The common stock was acquired as a result of the vesting of restricted stock units awarded on May 16, 2008, May 29, 2009 and May 21, 2011.
- [F2]Each restricted stock unit represents a contingent right to receive one share of common stock. The Reporting Person receives one share of common stock for each restricted stock unit that vests.
- [F3]This transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
- [F4]This award of restricted stock units vests in annual installments of 25% beginning on May 1, 2010 through May 1, 2013. The vested shares of Common Stock will be issued to the Reporting Person upon vesting.