Tanous William Lloyd 4

4 · Warner Music Group Corp. · Filed Jul 22, 2011

Form 4

Period: 2010-12-15

EVP, Chief Comm Officer

Transactions

Disposition to Issuer
Stock Option (Right to Buy)
2011-07-20$2.96/sh−16,500$48,840→ 0 total
Exercise: $5.29→ Common Stock, par value $0.001 (16,500 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2011-07-20$2.05/sh−28,467$58,357→ 0 total
Exercise: $6.20→ Common Stock, par value $0.001 (28,467 underlying)
Award
Stock Option (Right to Buy)
2010-12-15+200,000→ 200,000 total
Exercise: $5.49Exp: 2020-12-14→ Common Stock, par value $0.001 (200,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2011-07-20$0.22/sh−100,000$22,000→ 0 total
Exercise: $8.03→ Common Stock, par value $0.001 (100,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2011-07-20$2.76/sh−200,000$552,000→ 0 total
Exercise: $5.49→ Common Stock, par value $0.001 (200,000 underlying)

Footnotes (3)

[F1]Disposition in connection with the merger (the "Merger") of Airplanes Merger Sub, Inc. with and into Warner Music Group Corp., exempt pursuant to Rule 16-3, in which all options were cancelled in exchange for a cash payment equal to the excess, if any, of $8.25 over the exercise price.
[F2]All options became vested and were cancelled upon consummation of the Merger.
[F3]The option generally vests and becomes exercisable in four equal installments on the day prior to each of the first through the fourth anniversaries of the grant date, which was 12/15/2010, subject to the employee's continued employment.

Documents

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