SEC Form 4 · accession 0001127602-15-006905
Time Inc. · TIME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Norman Pearlstine
Officer — EVP & Chief Content Officer
Period of report
Feb 13, 2015
Accepted (ET)
Feb 18, 2015 · 8:50 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 | 14,089 | $0.00 | A | 29,065 | D | |
| Common Stock, par value $0.01F2 | holding | — | — | — | 91 | I | By Spouse |
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)F3 | $24.84 | Feb 13, 2015 | A | 53,763 | A | — | Feb 12, 2025 | Common Stock, par value $0.01 | 53,763 | 53,763 | 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 reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- F3The stock options are scheduled to vest ratably over four years on February 13 of each of 2016, 2017, 2018 and 2019.