SEC Form 4 · accession 0001127602-15-027584
Time Inc. · TIME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Erik I Moreno
Officer — EVP, Business Development
Period of report
Sep 21, 2015
Accepted (ET)
Sep 23, 2015 · 4:09 pm EDT
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 | Sep 21, 2015 | A | 25,720 | $0.00 | A | 25,740 | 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 | $19.44 | Sep 21, 2015 | A | 133,333 | A | — | Sep 20, 2025 | Common Stock, par value $0.01 | 133,333 | 133,333 | D |
Explanation of responses
- F1Represents restricted stock units that are scheduled to vest ratably over four years on September 21 of each 2016, 2017, 2018 and 2019.
- F2The stock options are scheduled to vest ratably over four years on September 21 of each 2016, 2017, 2018 and 2019.