SEC Form 4 · accession 0001127602-15-029291
WARNER MEDIA, LLC · TWX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas Edward Horne
Officer — SVP and Controller
Period of report
Oct 17, 2015
Accepted (ET)
Oct 19, 2015 · 5:14 pm EDT
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 | Oct 17, 2015 | M | 7,231 | $0.00 | A | 10,530 | D | |
| Common Stock, Par Value $.01 | Oct 17, 2015 | F | 3,707 | $72.02 | D | 6,823 | D |
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,F4 | — | Oct 17, 2015 | M | 7,231 | D | — | Oct 17, 2015 | Common Stock, Par Value $.01 | 7,231 | 24,387 | D |
Explanation of responses
- F1Shares of common stock acquired upon the vesting of restricted stock units awarded on October 17, 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.
- F4These restricted stock units vest in two equal installments on the third and fourth anniversaries of their date of grant, October 17, 2011.
- F5These restricted stock units include (i) restricted stock units that vest in two equal installments on the third and fourth anniversaries of the following dates of grant: February 15, 2012 and February 15, 2013, and (ii) restricted stock units that vest in four equal installments on the first four anniversaries of the following dates of grant: February 15, 2014 and February 15, 2015.