TIME WARNER CABLE INC. 4
4 · TIME WARNER CABLE INC. · Filed May 20, 2016
Insider Transaction Report
Form 4
CHANG DAVID C
Director
Transactions
- Disposition to Issuer
Common Stock, par value $.01 per share
2016-05-18−4,678→ 0 total - Disposition to Issuer
Director Deferred Stock Unit
2016-05-18−5,507.362→ 0 total→ Common Stock, par value $.01 per share (5,507.362 underlying) - Disposition to Issuer
Restricted Stock Units
2016-05-18−17,533.542→ 0 total→ Common Stock, par value $.01 per share (17,533.542 underlying)
Footnotes (8)
- [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 deferred stock unit represented a right to receive one share of Common Stock.
- [F4]Each deferred stock unit represented a right to receive one share of Common Stock. These deferred stock units were canceled in accordance with the terms of the merger agreement, and the Reporting Person received an amount of cash equal to approximately $224.91 per unit.
- [F5]The Common Stock would have been issuable to the Reporting Person upon the termination of the Reporting Person's service as a director.
- [F6]Each restricted stock unit represented a right to receive one share of Common Stock.
- [F7]Each restricted stock unit represented a right to receive one share of Common Stock. These restricted stock units were canceled in accordance with the terms of the merger agreement, and the Reporting Person received an amount in cash equal to approximately $224.91 per unit.
- [F8]The 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.