BEWKES JEFFREY L 4
4 · TIME WARNER INC. · Filed May 2, 2018
Insider Transaction Report
Form 4
BEWKES JEFFREY L
DirectorChairman of the Board and CEO
Transactions
- Award
Phantom Stock Units
2018-05-01$94.27/sh+101.56$9,574→ 23,888.079 total(indirect: By Deferred Compensation Plan)→ Common Stock, Par Value $.01 (101.56 underlying)
Footnotes (1)
- [F1]The phantom stock units were acquired by the Reporting Person pursuant to the terms of the Time Warner Inc. Deferred Compensation Plan (the "Plan") in connection with the Issuer's quarterly cash dividend payment on its Common Stock and the Reporting Person's prior election to have a portion of the amounts deferred under the Plan track the performance of the Time Warner Common Stock Crediting Fund. This transaction is exempt under Section 16(b). The phantom stock units are settled in cash based on the Reporting Person's election either after a period of time not less than three years or following termination of employment. The cash value received by the Reporting Person upon distribution will be based, one-for-one, on the fair market value of the Common Stock underlying the phantom stock units held in the Reporting Person's account.