SEC Form 4 · accession 0001127602-15-021187
WARNER MEDIA, LLC · TWX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen F Bollenbach
Director
Period of report
Jun 19, 2015
Accepted (ET)
Jun 23, 2015 · 4:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001105705
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF1 | — | Jun 19, 2015 | A | 1,135 | A | — | — | Common Stock, Par Value $.01 | 1,135 | 41,306 | I |
| Director Stock Option (Right to Buy) | $88.00 | Jun 20, 2015 | A | 5,194 | A | Jun 20, 2016 | Jun 19, 2025 | Common Stock, Par Value $.01 | 5,194 | 5,194 | D |
| Restricted Stock UnitsF2,F3 | — | Jun 20, 2015 | A | 1,080 | A | — | — | Common Stock, Par Value $.01 | 1,080 | 1,080 | D |
Explanation of responses
- F1The phantom stock units were acquired by the Reporting Person in a transaction exempt under Section 16(b) pursuant to the terms of the Time Warner Inc. Non-Employee Directors' Deferred Compensation Plan (the "Deferred Compensation Plan") and are to be settled in cash in a lump sum or in annual installments beginning on the April 30th following the date the Reporting Person ceases to be a director. The cash value received by the Reporting Person upon distribution will be based, one-for-one, upon the fair market value of the common stock underlying the phantom stock units held in the Reporting Person's account.
- F2Each restricted stock unit represents a contingent right to receive one share of common stock. The Reporting Person receives one share of common stock for each restricted stock unit that vests.
- F3This award of restricted stock units vests in full on June 1, 2016. The vested shares of common stock will be issued to the Reporting Person upon vesting.