0001127602-15-006861.txt : 20150219
0001127602-15-006861.hdr.sgml : 20150219
20150218182524
ACCESSION NUMBER: 0001127602-15-006861
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: OLAFSSON OLAF
CENTRAL INDEX KEY: 0001217404
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15062
FILM NUMBER: 15629502
MAIL ADDRESS:
STREET 1: C/O 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
0001217404
OLAFSSON OLAF
ONE TIME WARNER CENTER
NEW YORK
NY
10019-8016
1
Executive Vice President
Common Stock, Par Value $.01
2015-02-15
4
M
0
23622
0
A
98736
D
Common Stock, Par Value $.01
2015-02-15
4
F
0
13185
83.87
D
85551
D
Common Stock, Par Value $.01
2015-02-15
4
M
0
6331
0
A
91882
D
Common Stock, Par Value $.01
2015-02-15
4
F
0
3533
83.87
D
88349
D
Common Stock, Par Value $.01
2015-02-15
4
M
0
1817
0
A
90166
D
Common Stock, Par Value $.01
2015-02-15
4
F
0
1014
83.87
D
89152
D
Performance Stock Units
2015-02-15
4
M
0
23622
0
D
2015-02-15
2015-02-15
Common Stock, Par Value $.01
23622
0
D
Restricted Stock Units
2015-02-15
4
M
0
6331
0
D
Common Stock, Par Value $.01
6331
22466
D
Restricted Stock Units
2015-02-15
4
M
0
1817
0
D
Common Stock, Par Value $.01
1817
20649
D
Employee Stock Option (Right to Buy)
83.87
2015-02-15
4
A
0
77511
0
A
2025-02-14
Common Stock, Par Value $.01
77511
77511
D
On February 15, 2012, the Reporting Person was awarded 11,811 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 23,622 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 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.
These restricted stock units vest in four equal installments on the first four anniversaries of their 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 Olaf Olafsson
2015-02-18