4//SEC Filing
Moreno Erik I 4
Accession 0001127602-18-003698
CIK 0001591517other
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 4:31 PM ET
Size
5.7 KB
Accession
0001127602-18-003698
Insider Transaction Report
Form 4
Time Inc.TIME
Moreno Erik I
EVP, Business Development
Transactions
- Award
Stock Option (right to buy)
2018-01-08$14.20/sh+200,000$2,840,000→ 200,000 totalExercise: $14.20From: 2018-01-31Exp: 2020-07-23→ Common Stock, par value $0.01 (200,000 underlying)
Footnotes (1)
- [F1]On July 24, 2017, the reporting person was granted an option to purchase 200,000 shares of common stock. The number of options eligible to vest was subject to the Company's achievement, by December 31, 2017, of four operational performance goals. On January 8, 2018, the Company determined that all four operational performance goals were achieved and that, therefore, all 200,000 options were eligible to vest, solely upon continued performance of service, in equal installments on the first and second anniversaries of the grant date. However, these options became exercisable in full, on an accelerated basis, on January 31, 2018, by reason of the merger of the Company with a wholly-owned subsidiary of Meredith Corporation.
Documents
Issuer
Time Inc.
CIK 0001591517
Entity typeother
Related Parties
1- filerCIK 0001653263
Filing Metadata
- Form type
- 4
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 4:31 PM ET
- Size
- 5.7 KB