Doty Leslie Dukker 4
4 · Time Inc. · Filed Feb 2, 2018
Insider Transaction Report
Form 4
Time Inc.TIME
Doty Leslie Dukker
EVP, Consumer Marketing & Rev
Transactions
- Award
Stock Option (right to buy)
2018-01-08$14.20/sh+100,000$1,420,000→ 100,000 totalExercise: $14.20From: 2018-01-31Exp: 2020-07-23→ Common Stock, par value $0.01 (100,000 underlying)
Footnotes (1)
- [F1]This option, which provided for vesting in two equal installments beginning July 24, 2018, was canceled and converted into the right to receive an amount in cash, without interest, determined by multiplying (i) the excess of the per share merger consideration of $18.50 over the exercise price of such stock option by (ii) the number of shares of common stock underlying the stock option, less any applicable withholding taxes. Such transaction was exempt under Rule 16b-3.