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
- Exercise/Conversion
Class A Common Stock
[F1][F3]2006-07-31$1.99/sh+11,000$21,890→ 56,500 total - Sale
Class A Common Stock
2006-07-31$16.68/sh−11,000$183,480→ 45,500 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2]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.
Signature
Tina Davis as Attorney-in-Fact for Julie Rich|2006-08-01