TIME WARNER CABLE INC. 4
4 · TIME WARNER CABLE INC. · Filed May 20, 2016
Insider Transaction Report
Form 4
Black Carole
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2016-05-18−1,058→ 17,069.542 total→ Common Stock, par value $.01 per share (1,058 underlying) - Disposition to Issuer
Restricted Stock Units
2016-05-18−15,949.542→ 0 total→ Common Stock, par value $.01 per share (15,949.542 underlying) - Disposition to Issuer
Restricted Stock Units
2016-05-18−830→ 18,127.542 total→ Common Stock, par value $.01 per share (830 underlying) - Disposition to Issuer
Restricted Stock Units
2016-05-18−1,120→ 15,949.542 total→ Common Stock, par value $.01 per share (1,120 underlying)
Footnotes (6)
- [F1]Each restricted stock unit or deferred stock unit, as applicable, represented a right to receive one share of the Issuer's Common Stock prior to the closing of the transactions contemplated by the merger agreement (as defined below).
- [F2]These restricted stock units or deferred stock units, as applicable, were canceled in accordance with the terms of 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.) and certain other parties thereto (the "merger agreement"), and the Reporting Person received an amount in cash equal to approximately $224.91 per unit.
- [F3]50% of the Common Stock covered by the restricted stock units would have been issuable to the Reporting Person on the earlier of February 10, 2019 (the third anniversary of the date of grant) or in connection with the Reporting Person's ceasing to serve as a director of the Issuer, and the remaining 50% would have been issuable to the Reporting Person in connection with the Reporting Person's ceasing to serve as a director of the Issuer.
- [F4]50% of the Common Stock covered by the restricted stock units would have been issuable to the Reporting Person on the earlier of February 11, 2018 (the third anniversary of the date of grant) or in connection with the Reporting Person's ceasing to serve as a director of the Issuer, and the remaining 50% would have been issuable to the Reporting Person in connection with the Reporting Person's ceasing to serve as a director of the Issuer.
- [F5]50% of the Common Stock covered by the restricted stock units would have been issuable to the Reporting Person on the earlier of February 12, 2017 (the third anniversary of the date of grant) or in connection with the Reporting Person's ceasing to serve as a director of the Issuer, and the remaining 50% would have been issuable to the Reporting Person in connection with the Reporting Person's ceasing to serve as a director of the Issuer.
- [F6]The Issuer's Common Stock would have been issuable to the Reporting Person in connection with the Reporting Person's ceasing to serve as a director of the Issuer.