TIME WARNER TELECOM INC 4
4 · TIME WARNER TELECOM INC · Filed Aug 1, 2006
Insider Transaction Report
Form 4
RICH JULIE
SVP, Human Resources
Transactions
- Sale
Class A Common Stock
2006-07-31$16.68/sh−11,000$183,480→ 45,500 total - Exercise/Conversion
Class A Common Stock
2006-07-31$1.99/sh+11,000$21,890→ 56,500 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2006-07-31$1.99/sh−11,000$21,890→ 45,500 totalExercise: $1.99From: 2004-11-25Exp: 2012-11-24→ Class A Common Stock (56,500 underlying)
Footnotes (3)
- [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.
- [F3]The total remaining amount was mistyped on the Form 4 filed 7/25/05. The correct "Amount of Securities Beneficially Owned" was 67,500 in lieu of 37,500. The amount owned at the end of the transaction was 56,500 and was correctly reflected.