SEC Form 4 · accession 0001127602-18-007121
WARNER MEDIA, LLC · TWX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Douglas Edward Horne
Officer — SVP and Controller
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 3:42 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 $.01F2 | Feb 15, 2018 | M | 1,397 | $0.00 | A | 19,198 | D | |
| Common Stock, Par Value $.01 | Feb 15, 2018 | F | 580 | $94.99 | D | 18,618 | D | |
| Common Stock, Par Value $.01F2 | Feb 15, 2018 | M | 2,385 | $0.00 | A | 21,003 | D | |
| Common Stock, Par Value $.01 | Feb 15, 2018 | F | 1,105 | $94.99 | D | 19,898 | D | |
| Common Stock, Par Value $.01F2 | Feb 15, 2018 | M | 2,208 | $0.00 | A | 22,106 | D | |
| Common Stock, Par Value $.01 | Feb 15, 2018 | F | 1,023 | $94.99 | D | 21,083 | D | |
| Common Stock, Par Value $.01F2 | Feb 15, 2018 | M | 1,585 | $0.00 | A | 22,668 | D | |
| Common Stock, Par Value $.01 | Feb 15, 2018 | F | 496 | $94.99 | D | 22,172 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF8,F2,F4 | — | Feb 15, 2018 | M | 1,397 | D | — | — | Common Stock, Par Value $.01 | 1,397 | 24,078 | D |
| Restricted Stock UnitsF8,F2,F5 | — | Feb 15, 2018 | M | 2,385 | D | — | — | Common Stock, Par Value $.01 | 2,385 | 21,693 | D |
| Restricted Stock UnitsF8,F2,F6 | — | Feb 15, 2018 | M | 2,208 | D | — | — | Common Stock, Par Value $.01 | 2,208 | 19,485 | D |
| Restricted Stock UnitsF8,F2,F7 | — | Feb 15, 2018 | M | 1,585 | D | — | — | Common Stock, Par Value $.01 | 1,585 | 17,900 | D |
Explanation of responses
- F1Shares of common stock acquired upon the vesting of restricted stock units awarded on February 15, 2014, February 15, 2015, February 15, 2016 and October 24, 2016.
- F2Each restricted stock unit represents a contingent right to receive one share of common stock. The Reporting Person received one share of common stock for each restricted stock unit that vested.
- F3Payment of tax liability by withholding shares of common stock incident to the vesting of restricted stock units in accordance with Rule 16b-3.
- F4These restricted stock units vest in four equal installments on the first four anniversaries of the date of grant, February 15, 2014.
- F5These restricted stock units vest in four equal installments on the first four anniversaries of the date of grant, February 15, 2015.
- F6These restricted stock units vest in four equal installments on the first four anniversaries of their date of grant, February 15, 2016.
- F7These restricted stock units vest in four equal installments on the first four anniversaries of February 15, 2017.
- F8These restricted stock units include (i) restricted stock units that vest in four equal installments on the first four anniversaries of the following dates of grant: February 15, 2015 and February 15, 2016; (ii) restricted stock units that are scheduled to vest in four equal installments on each anniversary of February 15, 2017; and (iii) restricted stock units that are scheduled to vest in four equal installments on each anniversary of February 15, 2018.