TIME WARNER TELECOM INC 4
4 · TIME WARNER TELECOM INC · Filed Sep 13, 2006
Insider Transaction Report
Form 4
GASKINS ROBERT
SVP - Corporate Development
Transactions
- Exercise/Conversion
Class A Common Stock
2006-09-12$14.72/sh+500$7,360→ 2,000 total - Sale
Class A Common Stock
2006-09-12$18.72/sh−500$9,360→ 1,500 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2006-09-12$14.72/sh−500$7,360→ 1,500 totalExercise: $14.72From: 2002-11-16Exp: 2011-11-15→ Class A Common Stock (2,000 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.