0001127602-15-006850.txt : 20150219 0001127602-15-006850.hdr.sgml : 20150219 20150218181726 ACCESSION NUMBER: 0001127602-15-006850 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150215 FILED AS OF DATE: 20150218 DATE AS OF CHANGE: 20150218 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: 15629457 MAIL ADDRESS: STREET 1: TIME WARNER INC. STREET 2: ONE TIME WARNER CENTER CITY: NEW YORK STATE: NY ZIP: 10019 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2015-02-15 0001105705 TIME WARNER INC. TWX 0001236136 GINSBERG GARY L ONE TIME WARNER CENTER NEW YORK NY 10019 1 Executive Vice President Common Stock, Par Value $.01 2015-02-15 4 M 0 13628 0 A 22829 D Common Stock, Par Value $.01 2015-02-15 4 F 0 7607 83.87 D 15222 D Common Stock, Par Value $.01 2015-02-15 4 M 0 3652 0 A 18874 D Common Stock, Par Value $.01 2015-02-15 4 F 0 2038 83.87 D 16836 D Common Stock, Par Value $.01 2015-02-15 4 M 0 1048 0 A 17884 D Common Stock, Par Value $.01 2015-02-15 4 F 0 584 83.87 D 17300 D Performance Stock Units 2015-02-15 4 M 0 13628 0 D 2015-02-15 2015-02-15 Common Stock, Par Value $.01 13628 0 D Restricted Stock Units 2015-02-15 4 M 0 3652 0 D Common Stock, Par Value $.01 3652 12962 D Restricted Stock Units 2015-02-15 4 M 0 1048 0 D Common Stock, Par Value $.01 1048 11914 D Employee Stock Option (Right to Buy) 83.87 2015-02-15 4 A 0 69323 0 A 2025-02-14 Common Stock, Par Value $.01 69323 69323 D On February 15, 2012, the Reporting Person was awarded 6,814 target performance stock units with a three-year performance period ending December 31, 2014. As previously reported on a Form 4 (filed with the SEC on January 29, 2015), on January 28, 2015, the Compensation and Human Development Committee approved a payout of 200% of the target performance stock units 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. On February 15, 2015, the Reporting Person acquired 13,628 shares of common stock upon the vesting of the performance stock units. Each performance stock unit or restricted stock unit represents a contingent right to receive one share of common stock. The Reporting Person received one share of common stock for each performance stock unit or restricted stock unit that vested. Payment of tax liability by withholding shares of common stock incident to the vesting of performance stock units or restricted stock units in accordance with Rule 16b-3. Shares of common stock acquired upon the vesting of restricted stock units awarded on February 15, 2012 and February 15, 2014. These restricted stock units vest in two equal installments on the third and fourth anniversaries of the date of grant, February 15, 2012. These restricted stock units vest in four equal installments on the first four anniversaries of the date of grant, February 15, 2014. These restricted stock units include (i) restricted stock units that vest in two equal installments on the third and fourth anniversaries of the following dates of grant: 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. This option becomes exercisable in increments of 25% on the first four anniversaries of the date of grant, February 15, 2015. By: Brenda C. Karickhoff for Gary L. Ginsberg 2015-02-18