SEC Form 4 · accession 0001127602-17-034248
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
Dec 7, 2017
Accepted (ET)
Dec 8, 2017 · 5:03 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 | Dec 7, 2017 | M | 329,478 | $33.22 | A | 855,925 | D | |
| Common Stock, Par Value $.01F2,F3 | Dec 7, 2017 | S | 314,778 | $90.63 | D | 541,147 | D | |
| Common Stock, Par Value $.01F3,F4 | Dec 7, 2017 | S | 14,700 | $90.99 | D | 526,447 | D | |
| Common Stock, Par Value $.01 | Dec 7, 2017 | M | 147,576 | $33.22 | A | 674,023 | D | |
| Common Stock, Par Value $.01F5 | holding | — | — | — | 39,761 | 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)F6 | $33.22 | Dec 7, 2017 | M | 329,478 | D | — | Dec 16, 2017 | Common Stock, Par Value $.01 | 329,478 | 147,576 | D |
| Employee Stock Option (Right to Buy)F6 | $33.22 | Dec 7, 2017 | M | 147,576 | D | — | Dec 16, 2017 | Common Stock, Par Value $.01 | 147,576 | 0 | D |
Explanation of responses
- 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 commission and tax withholdings. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 13, 2017.
- F2This transaction was executed in multiple trades at prices ranging from $89.905-$90.90. 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 $90.91-$91.16. 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.
- F6This option is currently exercisable.