Time Inc. 4
4 · Time Inc. · Filed Sep 15, 2016
Insider Transaction Report
Form 4
Time Inc.TIME
Battista Richard
Executive Vice President
Transactions
- Award
Stock Option (right to buy)
2016-09-13+400,000→ 400,000 totalExercise: $14.32Exp: 2026-09-12→ Common Stock, par value $0.01 (400,000 underlying) - Award
Performance Stock Units
2016-09-13+68,182→ 113,637 totalExp: 2018-03-15→ Common Stock, par value $0.01 (68,182 underlying) - Award
Common Stock, par value $0.01
2016-09-13+104,748→ 142,649 total
Footnotes (3)
- [F1]Represents restricted stock units that are scheduled to vest ratably over four years on September 13 of each of 2017, 2018, 2019 and 2020.
- [F2]The stock options are scheduled to vest ratably over four years on September 13 of each of 2017, 2018, 2019 and 2020.
- [F3]Each performance stock unit represents a contingent right to receive one share of common stock of the Issuer. The performance stock units shall vest on March 15, 2018 in an amount from 0% to 275% of the number of performance stock units granted based on the average fair market value of the Issuer's common stock during the period commencing on February 15, 2018 and ending on March 15, 2018.