SEC Form 4 · accession 0001127602-17-023314
Time Inc. · TIME
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kay Koplovitz
Director
Period of report
Jul 3, 2017
Accepted (ET)
Jul 6, 2017 · 6:57 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 3, 2017 | A | 8,304 | $0.00 | A | 29,883 | D | |
| Common Stock, par value $0.01F2 | Jul 3, 2017 | A | 3,460 | $0.00 | A | 33,343 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock units that are scheduled to vest on the earlier of July 3, 2018 or the date of Time Inc.'s 2018 annual meeting of stockholders.
- F2Represents deferred stock units that were issued to the reporting person in lieu of cash retainer of $120,000. Shares underlying the deferred stock units will be delivered after "Separation from Service" (within the meaning of Section 409A of the Internal Revenue Code).