SEC Form 4 · accession 0001127602-15-005085
WARNER MEDIA, LLC · TWX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey L Bewkes
Officer — Chairman of the Board and CEO · Director
Period of report
Feb 7, 2015
Accepted (ET)
Feb 9, 2015 · 6:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001105705
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $.01F2 | Feb 7, 2015 | M | 38,983 | $0.00 | A | 302,707 | D | |
| Common Stock, Par Value $.01 | Feb 7, 2015 | F | 17,371 | $80.38 | D | 285,336 | D | |
| Common Stock, Par Value $.01F4 | holding | — | — | — | 36,643 | I | By Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF5,F2 | — | Feb 7, 2015 | M | 38,983 | D | Feb 7, 2015 | Feb 7, 2015 | Common Stock, Par Value $.01 | 38,983 | 97,404 | D |
Explanation of responses
- F1Shares of common stock acquired upon the vesting of restricted stock units awarded on February 7, 2011.
- F2Each restricted stock unit represents a contingent right to receive one share of common stock. The Reporting Person received one share of common stock for each restricted stock unit that vested.
- F3Payment of tax liability by withholding shares of common stock incident to the vesting of restricted stock units in accordance with Rule 16b-3.
- F4The Time Warner Savings Plan, a qualified employee benefit plan (the "Savings Plan"). Includes shares of common stock acquired through the reinvestment of dividends paid on the common stock held by the Savings Plan.
- F5These restricted stock units (as adjusted for the spin-off of Time Inc.) vest in two equal installments on the third and fourth anniversaries of the date of grant, February 15, 2012.