TIME WARNER CABLE INC. 4
4 · TIME WARNER CABLE INC. · Filed Jan 10, 2014
Insider Transaction Report
Form 4
Goetz William R Jr
EVP & COO, Residential Svcs
Transactions
- Award
Restricted Stock Units
2014-01-09+7,174→ 27,020 total→ Common Stock, par value $.01 per share (7,174 underlying) - Award
Employee Stock Option (Right to Buy)
2014-01-09+15,288→ 45,864 totalExercise: $86.76Exp: 2023-02-12→ Common Stock, par value $.01 per share (15,288 underlying)
Footnotes (4)
- [F1]On February 13, 2013, the Reporting Person was granted an option to purchase shares of common stock, subject to the Company's satisfaction of certain predetermined performance criteria. On January 9, 2014, the Compensation Committee of the Board of Directors of the Company certified that the performance criteria had been satisfied. This option is exercisable in increments of 25% on the first four anniversaries of the date of grant, February 13, 2013.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Common Stock.
- [F3]On February 13, 2013, the Reporting Person was granted restricted stock units, subject to the Company's satisfaction of certain predetermined performance criteria. On January 9, 2014, the Compensation Committee of the Board of Directors of the Company certified that the performance criteria had been satisfied. This award of restricted stock units vests in two equal installments on the third and fourth anniversaries of the date of grant, February 13, 2013. Shares of Common Stock are issued to the Reporting Person upon vesting of the restricted stock units.
- [F4]These restricted stock units may have different vesting and distribution dates.