SEC Form 4 · accession 0001127602-16-051692
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
May 9, 2016
Accepted (ET)
May 10, 2016 · 5:06 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,F3 | May 9, 2016 | S | 265,844 | $74.24 | D | 354,823 | D | |
| Common Stock, Par Value $.01F3,F4 | May 9, 2016 | S | 6,866 | $74.91 | D | 347,957 | D | |
| Common Stock, Par Value $.01F5 | holding | — | — | — | 37,985 | I | By Savings Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 11, 2015.
- F2This transaction was executed in multiple trades at prices ranging from $73.87-$74.86. The price reported above reflects the weighted average sale price.
- F3The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, Time Warner Inc. or a security holder of Time Warner Inc., full information regarding the number of shares and prices at which each transaction was effected.
- F4This transaction was executed in multiple trades at prices ranging from $74.87-$75.01. The price reported above reflects the weighted average sale price.
- F5The 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.