SEC Form 4 · accession 0001127602-16-062268
WARNER MEDIA, LLC · TWX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paul T Cappuccio
Officer — EVP and General Counsel
Period of report
Sep 7, 2016
Accepted (ET)
Sep 8, 2016 · 5:03 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 $.01 | Sep 7, 2016 | M | 56,595 | $39.77 | A | 157,877 | D | |
| Common Stock, Par Value $.01F2,F3 | Sep 7, 2016 | S | 56,595 | $78.24 | D | 101,282 | D | |
| Common Stock, Par Value $.01F4 | holding | — | — | — | 290 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F5 | $39.77 | Sep 7, 2016 | M | 56,595 | D | — | Mar 1, 2017 | Common Stock, Par Value $.01 | 56,595 | 0 | D |
Explanation of responses
- F1This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2016.
- F2This transaction was executed in multiple trades at prices ranging from $77.97 to $78.68. 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.
- 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.
- F5This option is currently exercisable.