SEC Form 4 · accession 0001127602-18-009171
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
Feb 27, 2018
Accepted (ET)
Feb 28, 2018 · 5:04 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 27, 2018 | M | 753,243 | $29.71 | A | 1,531,567 | D | |
| Common Stock, Par Value $.01 | Feb 27, 2018 | F | 237,265 | $94.32 | D | 1,294,302 | D | |
| Common Stock, Par Value $.01F3 | holding | — | — | — | 40,001 | 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)F4 | $29.71 | Feb 27, 2018 | M | 753,243 | D | — | Mar 6, 2018 | Common Stock, Par Value $.01 | 753,243 | 0 | D |
Explanation of responses
- F1Shares of common stock acquired upon the exercise of stock options. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 14, 2017.
- F2Payment of exercise price of stock options by delivery of already-owned shares of common stock of the Issuer incident to the exercise of stock options in accordance with Rule 16b-3.
- F3The 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.
- F4This option is currently exercisable.