4//SEC Filing
TIME WARNER CABLE INC. 4
Accession 0001225208-16-033752
CIK 0001377013operating
Filed
May 19, 8:00 PM ET
Accepted
May 20, 7:51 PM ET
Size
12.8 KB
Accession
0001225208-16-033752
Insider Transaction Report
Form 4
Transactions
- Disposition to Issuer
Restricted Stock Units
2016-05-18−21,905→ 89,574 total→ Common Stock, par value $.01 per share (21,905 underlying) - Disposition to Issuer
Restricted Stock Units
2016-05-18−59,716→ 0 total→ Common Stock, par value $.01 per share (59,716 underlying) - Disposition to Issuer
Common Stock, par value $.01 per share
2016-05-18−101→ 0 total - Disposition to Issuer
Restricted Stock Units
2016-05-18−29,858→ 59,716 total→ Common Stock, par value $.01 per share (29,858 underlying)
Footnotes (7)
- [F1]Issuer's common stock ("Common Stock") disposed of pursuant to the Agreement and Plan of Mergers, dated as of May 23, 2015, among the Issuer, Charter Communications, Inc., CCH I, LLC (now named Charter Communications, Inc., "New Charter") and other certain parties thereto (the "merger agreement").
- [F2]In accordance with the terms of the merger agreement, each share of Common Stock was exchanged into the right to receive, pursuant to an election made by the Reporting Person, either (a) $100 in cash and 0.4891 of a share of New Charter Class A common stock ("New Charter common stock") or (b) $115 in cash and 0.4125 of a share of New Charter common stock.
- [F3]Each restricted stock unit represented a contingent right to receive one share of Common Stock.
- [F4]In accordance with the terms of the merger agreement, each of these restricted stock units was adjusted and converted into a restricted stock unit with respect to 0.92078178 of a share of New Charter common stock.
- [F5]This award of restricted stock units vests in two equal installments on the fifth and sixth anniversaries of the date of grant, June 2, 2015. Shares of Common Stock would have been issued to the Reporting Person upon vesting of the restricted stock units.
- [F6]This award of restricted stock units vests in two equal installments on the third and fourth anniversaries of the date of grant, February 12, 2014. Shares of Common Stock would have been issued to the Reporting Person upon vesting of the restricted stock units.
- [F7]This award of restricted stock units represents an accelerated award in lieu of awards anticipated in 2015 and 2016. The award of restricted stock units vests in three installments: 25% on the fourth anniversary, 50% on the fifth anniversary and 25% on the sixth anniversary of the date of grant, February 12, 2014. Shares of Common Stock would have been issued to the Reporting Person upon vesting of the restricted stock units.
Documents
Issuer
TIME WARNER CABLE INC.
CIK 0001377013
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001377013
Filing Metadata
- Form type
- 4
- Filed
- May 19, 8:00 PM ET
- Accepted
- May 20, 7:51 PM ET
- Size
- 12.8 KB