TIME WARNER TELECOM INC 4
4 · TIME WARNER TELECOM INC · Filed Feb 15, 2006
Insider Transaction Report
Form 4
HEMMER CATHERINE
EVP, Corporate Operations
Transactions
- Exercise/Conversion
Class A Common Stock
2006-02-14$5.10/sh−603$3,075→ 40,603 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2006-02-13$5.10/sh−19,397$98,925→ 40,603 totalExercise: $5.10From: 2003-04-15Exp: 2014-04-14→ Class A Common Stock (60,000 underlying) - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2006-02-14$5.10/sh−603$3,075→ 40,000 totalExercise: $5.10From: 2003-04-15Exp: 2014-04-14→ Class A Common Stock (40,603 underlying) - Exercise/Conversion
Class A Common Stock
2006-02-13$5.10/sh+19,397$98,925→ 60,000 total - Sale
Class A Common Stock
2006-02-13$12.50/sh−19,397$242,463→ 40,603 total - Sale
Class A Common Stock
2006-02-14$12.50/sh−603$7,538→ 40,000 total - Award
Restricted Stock Units
2006-02-13+27,500→ 27,500 totalExercise: $0.00From: 2009-12-31Exp: 2009-12-31→ Class A Common Stock (27,500 underlying)
Footnotes (2)
- [F1]At the end of the first year, 25% of total options become exercisable. In years two, three and four, 6.25% of the total options become exercisable each quarter.
- [F2]The exercise of the Restricted Stock Units at the time of vesting does not require a payment by the individual but the number of shares equal to the required withholding tax will be withheld by the Company.