TIME WARNER TELECOM INC 4
4 · TIME WARNER TELECOM INC · Filed Nov 13, 2006
Insider Transaction Report
Form 4
GASKINS ROBERT
SVP - Corporate Development
Transactions
- Sale
Class A Common Stock
2006-11-09$19.12/sh−3,000$57,360→ 12,000 total - Exercise/Conversion
Class A Common Stock
2006-11-09$10.16/sh+3,000$30,480→ 15,000 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2006-11-09$10.16/sh−3,000$30,480→ 12,000 totalExercise: $10.16From: 2004-11-10Exp: 2010-11-09→ Class A Common Stock (15,000 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.