SEC Form 4 · accession 0001127602-15-013196
AOL Inc. · AOL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eve B Burton
Director
Period of report
Mar 31, 2015
Accepted (ET)
Apr 1, 2015 · 5:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001468516
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock UnitsF1,F2 | — | Mar 31, 2015 | A | 631 | A | — | — | Common Stock, Par Value $0.01 | 631 | 631 | D |
Explanation of responses
- F1Each deferred stock unit ("DSU") represents a right to receive in cash the value of one share of AOL Inc. (the "Company") common stock. The DSUs are awarded to the reporting person through the Company's Directors' Deferred Compensation Plan (the "Plan") and represent current cash compensation that the reporting person elected to defer pursuant to the Plan. The number of DSUs credited to the reporting person equals such deferred compensation divided by the closing price of the Company's common stock on the New York Stock Exchange on March 31, 2015, rounded down to the nearest whole number.
- F2DSUs are payable in cash following the reporting person's separation from service from the Company in accordance with the Plan based upon the fair market value of a share of Company common stock at such separation.