0001127602-16-038276.txt : 20160128
0001127602-16-038276.hdr.sgml : 20160128
20160128180437
ACCESSION NUMBER: 0001127602-16-038276
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160127
FILED AS OF DATE: 20160128
DATE AS OF CHANGE: 20160128
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: BEWKES JEFFREY L
CENTRAL INDEX KEY: 0001237443
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15062
FILM NUMBER: 161370342
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
2016-01-27
0001105705
TIME WARNER INC.
TWX
0001237443
BEWKES JEFFREY L
ONE TIME WARNER CENTER
NEW YORK
NY
10019
1
1
Chairman of the Board and CEO
Performance Stock Units
2016-01-27
4
A
0
283986
0
A
2016-02-15
2016-02-15
Common Stock, Par Value $.01
283986
283986
D
Each performance stock unit represents a contingent right to receive one share of common stock.
On February 15, 2013, the Reporting Person was awarded 149,624 target performance stock units (as adjusted for the spin-off of Time Inc.) with a three-year performance period ending December 31, 2015. On January 27, 2016, the Compensation and Human Development Committee approved a payout of 189.8% of the target PSUs under the performance standards set in 2013, based on (i) the Issuer's cumulative Adjusted EPS achieved during the performance period, which resulted in an Adjusted EPS factor of 183%, and (ii) its total stockholder return for the performance period compared to other companies in the S&P 500, which resulted in a TSR modifier of 103.7%. The PSU payout factor is determined by multiplying the Adjusted EPS factor and the TSR modifier.
By: Brenda C. Karickhoff for Jeffrey L. Bewkes
2016-01-28