4//SEC Filing
Magee Karen 4
Accession 0001127602-18-007126
CIK 0001105705other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 3:44 PM ET
Size
31.3 KB
Accession
0001127602-18-007126
Insider Transaction Report
Form 4
Magee Karen
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock, Par Value $.01
2018-02-15+6,682→ 23,503 total - Exercise/Conversion
Common Stock, Par Value $.01
2018-02-15+3,602→ 25,346 total - Exercise/Conversion
Restricted Stock Units
2018-02-15−1,330→ 34,810 total→ Common Stock, Par Value $.01 (1,330 underlying) - Exercise/Conversion
Restricted Stock Units
2018-02-15−3,602→ 28,882 total→ Common Stock, Par Value $.01 (3,602 underlying) - Exercise/Conversion
Common Stock, Par Value $.01
2018-02-15+1,330→ 21,277 total - Tax Payment
Common Stock, Par Value $.01
2018-02-15$94.99/sh−504$47,875→ 21,088 total - Tax Payment
Common Stock, Par Value $.01
2018-02-15$94.99/sh−679$64,498→ 21,744 total - Tax Payment
Common Stock, Par Value $.01
2018-02-15$94.99/sh−1,916$182,001→ 23,430 total - Tax Payment
Common Stock, Par Value $.01
2018-02-15$94.99/sh−3,556$337,784→ 19,947 total - Tax Payment
Common Stock, Par Value $.01
2018-02-15$94.99/sh−676$64,213→ 20,601 total - Exercise/Conversion
Common Stock, Par Value $.01
2018-02-15+991→ 21,592 total - Exercise/Conversion
Common Stock, Par Value $.01
2018-02-15+1,335→ 22,423 total - Exercise/Conversion
Performance Stock Units
2018-02-15−6,682→ 0 totalFrom: 2018-02-15Exp: 2018-02-15→ Common Stock, Par Value $.01 (6,682 underlying) - Exercise/Conversion
Restricted Stock Units
2018-02-15−991→ 33,819 total→ Common Stock, Par Value $.01 (991 underlying) - Exercise/Conversion
Restricted Stock Units
2018-02-15−1,335→ 32,484 total→ Common Stock, Par Value $.01 (1,335 underlying)
Footnotes (9)
- [F1]On February 15, 2015, the Reporting Person was awarded 3,754 target performance stock units with a three-year performance period ending December 31, 2017. As previously reported on a Form 4 (filed with the SEC on January 25, 2018), on January 24, 2018, the Compensation and Human Development Committee approved a payout of 178% of the target PSUs under the performance standards set in 2015, based on (i) the Issuer's cumulative Adjusted EPS achieved during the performance period, which resulted in an Adjusted EPS factor of 200%, and (ii) its total stockholder return for the performance period compared to other companies in the S&P 500, which resulted in a TSR modifier of 89%. The PSU payout factor is determined by multiplying the Adjusted EPS factor and the TSR modifier. On February 15, 2018, the Reporting Person acquired 6,682 shares of common stock upon the vesting of the performance stock units.
- [F2]Each performance stock unit or restricted stock unit represents a contingent right to receive one share of common stock. The Reporting Person received one share of common stock for each performance stock unit or restricted stock unit that vested.
- [F3]Payment of tax liability by withholding shares of common stock incident to the vesting of performance stock units or restricted stock units in accordance with Rule 16b-3.
- [F4]Shares of common stock acquired upon the vesting of restricted stock units awarded on February 15, 2014, February 15, 2015, February 15, 2016 and October 24, 2016.
- [F5]These restricted stock units vest in four equal installments on the first four anniversaries of their date of grant, February 15, 2014.
- [F6]These restricted stock units vest in four equal installments on the first four anniversaries of the date of grant, February 15, 2015.
- [F7]These restricted stock units vest in four equal installments on the first four anniversaries of their date of grant, February 15, 2016.
- [F8]These restricted stock units vest in four equal installments on the first four anniversaries of February 15, 2017.
- [F9]These restricted stock units include (i) restricted stock units that vest in four equal installments on the first four anniversaries of the following dates of grant: February 15, 2015 and February 15, 2016; (ii) restricted stock units that are scheduled to vest in four equal installments on each anniversary of February 15, 2017; and (iii) restricted stock units that are scheduled to vest in four equal installments on each anniversary of February 15, 2018.
Documents
Issuer
TIME WARNER INC.
CIK 0001105705
Entity typeother
Related Parties
1- filerCIK 0001298014
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 3:44 PM ET
- Size
- 31.3 KB