SEC Form 4 · accession 0001127602-17-007784

WARNER MEDIA, LLC · TWX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chairman of the Board and CEO · Director

Period of report

Feb 21, 2017

Accepted (ET)

Feb 22, 2017 · 5:33 pm EST

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	Feb 21, 2017	M	228,535	$39.77	A	699,379	D
Common Stock, Par Value $.01^F2,F3	Feb 21, 2017	S	172,932	$96.39	D	526,447	D
Common Stock, Par Value $.01^F4	holding	—	—		—	38,835	I	By Savings Plan

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	Feb 21, 2017	M	228,535	D	—	Mar 1, 2017	Common Stock, Par Value $.01	228,535	0	D

F1Shares of common stock acquired upon the exercise of stock options. A portion of such shares were sold in the open market to pay the exercise price, broker commissions and tax withholdings. This 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 $96.04-$96.57. 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.