TIME WARNER TELECOM INC 4
4 · TIME WARNER TELECOM INC · Filed Aug 1, 2006
Insider Transaction Report
Form 4
HEMMER CATHERINE
EVP, Corporate Operations
Transactions
- Sale
Class A Common Stock
2006-07-31$16.50/sh−3,000$49,500→ 263,000 total - Exercise/Conversion
Class A Common Stock
2006-07-31$1.99/sh−3,000$5,970→ 266,000 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2006-07-31$1.99/sh−3,000$5,970→ 263,000 totalExercise: $1.99From: 2003-11-25Exp: 2012-11-24→ Class A Common Stock (266,000 underlying)
Footnotes (2)
- [F1]Transaction takes place under the restrictions of a 10b5-1 plan. A 10b5-1 plan enables an insider to establish a program to make transactions according to an advance plan. Such a program allows an insider to continue with planned transactions even if he/she comes into possession of material non-public information.
- [F2]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.