SEC Form 4 · accession 0001127602-15-006829
AOL Inc. · AOL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lara Sweet
Officer — SVP, Controller and CAO
Period of report
Feb 13, 2015
Accepted (ET)
Feb 18, 2015 · 6:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001468516
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01F1 | Feb 13, 2015 | A | 9,573 | $0.00 | A | 23,465 | D | |
| Common Stock, Par Value $0.01F2,F3 | Feb 13, 2015 | F | 334 | $41.78 | D | 23,131 | D | |
| Common Stock, Par Value $0.01F4,F3 | Feb 13, 2015 | F | 195 | $41.78 | D | 22,936 | D | |
| Common Stock, Par Value $0.01F5,F3 | Feb 13, 2015 | F | 388 | $41.78 | D | 22,548 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock units granted pursuant to the AOL Inc. 2010 Stock Incentive Plan, as amended and restated (the "Plan"). This award of restricted stock units will vest over three years such that one third of the restricted stock units will vest on February 13, 2016, and the remaining two thirds will vest in two equal installments on February 13, 2017 and February 13, 2018. This award of restricted stock units will be paid in stock to the Reporting Person within sixty days of vesting.
- F2On February 13, 2015, 869 restricted stock units granted to the Reporting Person vested. In this regard, the Reporting Person received 535 shares of AOL Inc. (the "Company") stock and 334 shares were withheld automatically in accordance with the Reporting Person's Restricted Stock Units Agreement with the Company in order to satisfy the tax liability that arose upon vesting of the restricted stock units.
- F3Reflects the closing price of the shares on February 13, 2015.
- F4On February 13, 2015, 604 restricted stock units granted to the Reporting Person vested. In this regard, the Reporting Person received 409 shares of the Company stock and 195 shares were withheld automatically in accordance with the Reporting Person's Restricted Stock Units Agreement with the Company in order to satisfy the tax liability that arose upon vesting of the restricted stock units.
- F5On February 13, 2015, 1,010 restricted stock units granted to the Reporting Person vested. In this regard, the Reporting Person received 622 shares of the Company stock and 388 shares were withheld automatically in accordance with the Reporting Person's Restricted Stock Units Agreement with the Company in order to satisfy the tax liability that arose upon vesting of the restricted stock units.