CAUFIELD FRANK J 4
4 · TIME WARNER INC. · Filed May 17, 2012
Insider Transaction Report
Form 4
CAUFIELD FRANK J
Director
Transactions
- Exercise/Conversion
Common Stock, Par Value $.01
2012-05-15+862.676→ 95,443.676 total - Exercise/Conversion
Restricted Stock Units
2012-05-15−862.676→ 0 total→ Common Stock, Par Value $.01 (862.676 underlying) - Sale
Common Stock, Par Value $.01
2012-05-15$35.28/sh−0.676$24→ 95,443 total
Footnotes (3)
- [F1]All unvested restricted stock units have vested in connection with the Reporting Person's retirement from the Board of Directors of the Issuer on May 15, 2012.
- [F2]Each restricted stock unit represented a contingent right to receive one share of common stock, and the Reporting Person received one share of common stock for each restricted stock unit that vested.
- [F3]This transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934.