4//SEC Filing
AOL Inc. 4
Accession 0001127602-15-006825
CIK 0001468516operating
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 5:59 PM ET
Size
10.5 KB
Accession
0001127602-15-006825
Insider Transaction Report
Form 4
AOL Inc.AOL
Pence William Edward IV
EVP & Chief Technology Officer
Transactions
- Award
Common Stock, Par Value $0.01
2015-02-13+7,978→ 24,056 total - Award
Stock Option (Right to Buy)
2015-02-13+23,894→ 23,894 totalExercise: $41.78Exp: 2025-02-12→ Common Stock, Par Value $0.01 (23,894 underlying) - Award
Performance Units
2015-02-13+7,978→ 7,978 total→ Common Stock, Par Value $0.01 (7,978 underlying)
Footnotes (5)
- [F1]Represents restricted stock units granted pursuant to the AOL Inc. 2010 Stock Incentive Plan, as amended and restated (the "Plan"). This award of restricted stock units will vest over three years such that one third of the restricted stock units will vest on February 13, 2016, and the remaining two thirds will vest in two equal installments on February 13, 2017 and February 13, 2018. This award of restricted stock units will be paid in stock to the Reporting Person within sixty days of vesting.
- [F2]Represents stock options granted pursuant to the Plan.
- [F3]The shares subject to the stock option vest and become exercisable over a three-year period. Subject to the Reporting Person's continuous employment on each vesting date, one third of the shares subject to the option will vest and become exercisable on February 13, 2016 and the remaining shares subject to the stock option will vest and become exercisable on a pro rata monthly basis for the 24 month period thereafter.
- [F4]Represents performance rights granted pursuant to the Plan.
- [F5]Each performance right represents a contingent right to receive one share of AOL Inc. (the "Company") common stock. The vesting of the performance rights is based on the relative Total Shareholder Return ("TSR") of the Company as compared to the TSR of each of the companies in the Company's peer group over the period beginning January 1, 2015 and ending December 31, 2017 and subject to the Reporting Person's continuous employment through the vesting date. Performance rights granted represents the target shares and actual performance rights earned could be anywhere from 0 to 200% of the number of performance rights granted. The performance rights expire upon payout, if any, of the award.
Documents
Issuer
AOL Inc.
CIK 0001468516
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001468516
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 5:59 PM ET
- Size
- 10.5 KB