SEC Form 4 · accession 0001127602-17-034872
WARNER MEDIA, LLC · TWX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Olaf Olafsson
Officer — Executive Vice President
Period of report
Dec 14, 2017
Accepted (ET)
Dec 18, 2017 · 12:23 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 14, 2017 | M | 23,450 | $29.71 | A | 56,852 | D | |
| Common Stock, Par Value $.01F1,F2 | Dec 14, 2017 | S | 23,450 | $90.03 | D | 33,402 | D | |
| Common Stock, Par Value $.01 | Dec 14, 2017 | M | 9,822 | $29.71 | A | 43,224 | D |
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)F3 | $29.71 | Dec 14, 2017 | M | 23,450 | D | — | Mar 6, 2018 | Common Stock, Par Value $.01 | 23,450 | 9,822 | D |
| Employee Stock Option (Right to Buy)F3 | $29.71 | Dec 14, 2017 | M | 9,822 | D | — | Mar 6, 2018 | Common Stock, Par Value $.01 | 9,822 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $89.96 to $90.05. The price reported above reflects the weighted average sale price.
- F2The 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.
- F3This option is currently exercisable.