SEC Form 4 · accession 0001127602-16-057572
Time Inc. · TIME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kay Koplovitz
Director
Period of report
Jul 1, 2016
Accepted (ET)
Jul 6, 2016 · 4:34 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 | Jul 1, 2016 | A | 6,142 | $0.00 | A | 21,579 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents deferred stock units that were issued to the reporting person in lieu of cash retainer of $100,000. Shares underlying the deferred stock units will be delivered after "Separation from Service" (within the meaning of Section 409A of the Internal Revenue Code).