SEC Form 4 · accession 0001127602-15-006904
Time Inc. · TIME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph A Ripp
Officer — Chairman & CEO · Director
Period of report
Feb 13, 2015
Accepted (ET)
Feb 18, 2015 · 8:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001591517
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 | 65,418 | $0.00 | A | 270,769 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $24.84 | Feb 13, 2015 | A | 349,462 | A | — | Feb 12, 2025 | Common Stock, par value $0.01 | 349,462 | 349,462 | D |
Explanation of responses
- F1Represents restricted stock units that are scheduled to vest ratably over four years on February 13 of each of 2016, 2017, 2018 and 2019.
- F2The stock options are scheduled to vest ratably over four years on February 13 of each of 2016, 2017, 2018 and 2019.