SEC Form 4 · accession 0001127602-16-049339
WARNER MEDIA, LLC · TWX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary L Ginsberg
Officer — Executive Vice President
Period of report
Apr 15, 2016
Accepted (ET)
Apr 18, 2016 · 5:26 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 | Apr 15, 2016 | M | 216 | $0.00 | A | 25,352 | D | |
| Common Stock, Par Value $.01 | Apr 15, 2016 | F | 120 | $74.50 | D | 25,232 | 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 | — | Apr 15, 2016 | M | 216 | D | — | — | Common Stock, Par Value $.01 | 216 | 7,906 | D |
Explanation of responses
- F1Shares of common stock acquired upon the vesting of restricted stock units awarded on April 15, 2014.
- 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 four equal installments, with the first installment on February 15, 2016 and the second, third and fourth installments on the next three anniversaries of their date of grant, April 15, 2014.
- F5These restricted stock units include (i) restricted stock units that vest in two equal installments on the third and fourth anniversaries of the date of grant, February 15, 2013, (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, and (iii) restricted stock units that vest in four equal installments on February 15, 2016 and the second, third and fourth anniversaries of the date of grant, April 15, 2014.