TIME WARNER INC. 4

4 · TIME WARNER INC. · Filed Jun 21, 2016

Form 4

Period: 2016-06-17

Director

Transactions

Award
Phantom Stock Units
2016-06-17$72.96/sh+1,370.614$100,000→ 43,576.362 total(indirect: By Deferred Compensation Plan)
→ Common Stock, Par Value $.01 (1,370.614 underlying)
Award
Restricted Stock Units
2016-06-18+1,313→ 1,313 total
→ Common Stock, Par Value $.01 (1,313 underlying)
Award
Director Stock Option (Right to Buy)
2016-06-18+6,561→ 6,561 total
Exercise: $72.37From: 2017-06-18Exp: 2026-06-17→ Common Stock, Par Value $.01 (6,561 underlying)

Footnotes (3)

[F1]The phantom stock units were acquired by the Reporting Person in a transaction exempt under Section 16(b) pursuant to the terms of the Time Warner Inc. Non-Employee Directors' Deferred Compensation Plan (the "Deferred Compensation Plan") and 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, upon the fair market value of the Common Stock underlying the phantom stock units held in the Reporting Person's account.
[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 award of restricted stock units vests in full on June 1, 2017. The vested shares of common stock will be issued to the Reporting Person upon vesting.

Documents

1 file