0001127602-15-003362.txt : 20150129
0001127602-15-003362.hdr.sgml : 20150129
20150129203902
ACCESSION NUMBER: 0001127602-15-003362
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150128
FILED AS OF DATE: 20150129
DATE AS OF CHANGE: 20150129
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TIME WARNER INC.
CENTRAL INDEX KEY: 0001105705
STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841]
IRS NUMBER: 134099534
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE TIME WARNER CENTER
CITY: NEW YORK
STATE: NY
ZIP: 10019
BUSINESS PHONE: 2124848000
MAIL ADDRESS:
STREET 1: ONE TIME WARNER CENTER
CITY: NEW YORK
STATE: NY
ZIP: 10019
FORMER COMPANY:
FORMER CONFORMED NAME: TIME WARNER INC
DATE OF NAME CHANGE: 20031015
FORMER COMPANY:
FORMER CONFORMED NAME: AOL TIME WARNER INC
DATE OF NAME CHANGE: 20000208
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: GINSBERG GARY L
CENTRAL INDEX KEY: 0001236136
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15062
FILM NUMBER: 15560577
MAIL ADDRESS:
STREET 1: C/O AUDIBLE INC
STREET 2: 65 WILLOWBROOK BLVD
CITY: WAYNE
STATE: NJ
ZIP: 07470
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2015-01-28
0001105705
TIME WARNER INC.
TWX
0001236136
GINSBERG GARY L
ONE TIME WARNER CENTER
NEW YORK
NY
10019
1
Executive Vice President
Restricted Stock Units
2015-01-28
4
A
0
4193
0
A
Common Stock, Par Value $.01
4193
19538
D
Performance Stock Units
2015-01-28
4
A
0
13628
0
A
2015-02-15
2015-02-15
Common Stock, Par Value $.01
13628
13628
D
Each restricted stock unit represents the contingent right to receive one share of common stock.
These restricted stock units were awarded on February 15, 2014 and were subject to a performance condition, which the Compensation and Human Development Committee certified on January 28, 2015 had been satisfied.
These restricted stock units vest in four equal installments on the first four anniversaries of their date of grant, February 15, 2014.
These restricted stock units (as adjusted for the spin-off of Time Inc.) include (i) restricted stock units that vest in two equal installments on the third and fourth anniversaries of the following dates of grant: February 7, 2011, February 15, 2012 and February 15, 2013, and (ii) restricted stock units that vest in four equal installments on the first four anniversaries of the date of grant, February 15, 2014.
Each performance stock unit represents a contingent right to receive one share of common stock.
On February 15, 2012, the Reporting Person was awarded 6,814 target performance stock units (as adjusted for the spin-off of Time Inc.) with a three-year performance period ending December 31, 2014. On January 28, 2015, the Compensation and Human Development Committee approved a payout of 200% of the target PSUs under the performance standards set in 2012, based on the Issuer's cumulative Adjusted EPS achieved during the performance period and its relative total stockholder return for the performance period being at the 91.4th percentile of companies in the S&P 500.
By: Brenda C. Karickhoff for Gary L. Ginsberg
2015-01-29