TIME WARNER CABLE INC. 4
4 · TIME WARNER CABLE INC. · Filed Feb 19, 2014
Insider Transaction Report
Form 4
BRITT GLENN
DirectorChairman, President & CEO
Transactions
- Exercise/Conversion
Restricted Stock Units
2014-02-14−22,049→ 106,638.999 total→ Common Stock, par value $.01 per share (22,049 underlying) - Tax Payment
Common Stock, par value $.01 per share
2014-02-14$146.00/sh−11,789$1,721,194→ 177,542 total - Sale
Common Stock, par value $.01 per share
2014-02-18$145.07/sh−25,896$3,756,810→ 177,542 total - Exercise/Conversion
Common Stock, par value $.01 per share
2014-02-14+22,049→ 189,331 total - Exercise/Conversion
Common Stock, par value $.01 per share
2014-02-18$45.15/sh+30,000$1,354,500→ 207,542 total - Sale
Common Stock, par value $.01 per share
2014-02-18$145.62/sh−4,104$597,641→ 203,438 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2014-02-18−30,000→ 357,800 totalExercise: $45.15Exp: 2018-12-31→ Common Stock, par value $.01 per share (30,000 underlying)
Holdings
- 29(indirect: By Spouse)
Common Stock, par value $.01 per share
Footnotes (9)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Common Stock.
- [F2]Payment of tax liability by withholding shares of Common Stock incident to the vesting of restricted stock units in accordance with Rule 16b-3.
- [F3]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 26, 2013.
- [F4]This transaction was executed in multiple trades at prices ranging from $145.51 to $145.94. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, Time Warner Cable Inc. or a security holder of Time Warner Cable Inc., full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 4 and 5 to this Form 4.
- [F5]This transaction was executed in multiple trades at prices ranging from $144.51 to $145.50. The price reported above reflects the weighted average sale price.
- [F6]This award of restricted stock units originally vested in two equal installments on the third and fourth anniversaries of the date of grant, February 17, 2011. As a result of the Reporting Person's retirement from Time Warner Cable Inc. on December 31, 2013, the distribution of the second installment has been accelerated to June 30, 2014. Shares of Common Stock are issued to the Reporting Person upon vesting of the restricted stock units.
- [F7]These restricted stock units may have different vesting and distribution dates. Fractional restricted stock units are paid in cash upon vesting.
- [F8]This option, originally exercisable in increments of 25% on the first four anniversaries of the date of grant, February 12, 2010, became fully exercisable on December 31, 2013, the date the Reporting Person retired from Time Warner Cable Inc.
- [F9]The expiration date of this option was accelerated from February 11, 2020 to December 31, 2018, as a result of the Reporting Person's retirement from Time Warner Cable Inc.