4//SEC Filing
OLAFSSON OLAF 4
Accession 0001127602-18-007136
CIK 0001105705other
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 3:48 PM ET
Size
31.3 KB
Accession
0001127602-18-007136
Insider Transaction Report
Form 4
OLAFSSON OLAF
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock, Par Value $.01
2018-02-15+1,461→ 50,184 total - Tax Payment
Common Stock, Par Value $.01
2018-02-15$94.99/sh−1,000$94,990→ 50,408 total - Exercise/Conversion
Common Stock, Par Value $.01
2018-02-15+1,817→ 49,647 total - Tax Payment
Common Stock, Par Value $.01
2018-02-15$94.99/sh−743$70,578→ 49,441 total - Exercise/Conversion
Restricted Stock Units
2018-02-15−1,967→ 37,677 total→ Common Stock, Par Value $.01 (1,967 underlying) - Exercise/Conversion
Common Stock, Par Value $.01
2018-02-15+9,846→ 53,070 total - Exercise/Conversion
Common Stock, Par Value $.01
2018-02-15+1,967→ 51,408 total - Tax Payment
Common Stock, Par Value $.01
2018-02-15$94.99/sh−2,147$203,944→ 52,296 total - Exercise/Conversion
Restricted Stock Units
2018-02-15−1,817→ 41,105 total→ Common Stock, Par Value $.01 (1,817 underlying) - Tax Payment
Common Stock, Par Value $.01
2018-02-15$94.99/sh−5,240$497,748→ 47,830 total - Tax Payment
Common Stock, Par Value $.01
2018-02-15$94.99/sh−924$87,771→ 48,723 total - Exercise/Conversion
Common Stock, Par Value $.01
2018-02-15+4,035→ 54,443 total - Exercise/Conversion
Performance Stock Units
2018-02-15−9,846→ 0 totalFrom: 2018-02-15Exp: 2018-02-15→ Common Stock, Par Value $.01 (9,846 underlying) - Exercise/Conversion
Restricted Stock Units
2018-02-15−1,461→ 39,644 total→ Common Stock, Par Value $.01 (1,461 underlying) - Exercise/Conversion
Restricted Stock Units
2018-02-15−4,035→ 33,642 total→ Common Stock, Par Value $.01 (4,035 underlying)
Footnotes (9)
- [F1]On February 15, 2015, the Reporting Person was awarded 5,532 target performance stock units with a three-year performance period ending December 31, 2017. 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 the other companies in the S&P 500, which resulted in a TSR modifier of 89%. The payout factor for the performance stock units is determined by multiplying the Adjusted EPS factor and the TSR modifier. On February 15, 2018, the Reporting Person acquired 9,846 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 of the Securities Exchange Act of 1934.
- [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 0001217404
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 3:48 PM ET
- Size
- 31.3 KB