Time Inc. 4
4 · Time Inc. · Filed Dec 14, 2016
Insider Transaction Report
Form 4
Time Inc.TIME
Murray Alan S
Chief Content Officer
Transactions
- Award
Performance Stock Units
2016-12-12+22,727→ 22,727 totalExp: 2018-03-15→ Common Stock, par value $0.01 (22,727 underlying)
Footnotes (1)
- [F1]Each performance stock unit represents a contingent right to receive one share of common stock of the Issuer. The performance stock units shall vest (if any) on March 15, 2018 in a threshold amount of 50% to a maximum amount of 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.