0001127602-14-020527.txt : 20140624
0001127602-14-020527.hdr.sgml : 20140624
20140610193711
ACCESSION NUMBER: 0001127602-14-020527
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140606
FILED AS OF DATE: 20140610
DATE AS OF CHANGE: 20140610
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Time Inc.
CENTRAL INDEX KEY: 0001591517
STANDARD INDUSTRIAL CLASSIFICATION: PERIODICALS: PUBLISHING OR PUBLISHING AND PRINTING [2721]
IRS NUMBER: 133486363
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1271 AVENUE OF THE AMERICAS
CITY: NEW YORK
STATE: NY
ZIP: 10020
BUSINESS PHONE: 212 522 1212
MAIL ADDRESS:
STREET 1: 1271 AVENUE OF THE AMERICAS
CITY: NEW YORK
STATE: NY
ZIP: 10020
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: RIPP JOSEPH A
CENTRAL INDEX KEY: 0001247412
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36218
FILM NUMBER: 14903290
MAIL ADDRESS:
STREET 1: 220000 AOL WAY
STREET 2: AOL LATIN AMERICA
CITY: DULLES
STATE: VA
ZIP: 20166
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2014-06-06
0001591517
Time Inc.
TIME
0001247412
RIPP JOSEPH A
C/O TIME INC.
1271 AVENUE OF THE AMERICAS
NEW YORK
NY
10020
1
1
Chairman & CEO
Common Stock, par value $0.01
2014-06-06
4
A
0
167836
0
A
168385
D
Stock Option (right to buy)
22.35
2014-06-06
4
A
0
641375
0
A
2023-11-14
Common Stock, par value $0.01
641375
641375
D
Represents restricted stock units granted pursuant to the Time Inc. 2014 Omnibus Incentive Compensation Plan (the "Plan"). Pursuant to the Reporting Person's Employment Agreement with Time Inc. effective as of October 31, 2013 (the "Employment Agreement") and in accordance with the Plan, each restricted stock unit held by the Reporting Person immediately before the legal and structural separation of Time Inc. from Time Warner Inc. (the "Spin-off") that was granted to the Reporting Person pursuant to an equity plan of Time Warner Inc. has been converted into a restricted stock unit of Time Inc. on substantially the same terms as such Time Warner Inc. restricted stock units (other than with respect to the number and type of shares covered thereby). 20% of the restricted stock units will vest on each of September 3, 2014, September 3, 2015, September 3, 2016, September 3, 2017 and September 3, 2018, respectively.
Includes shares of Time Inc. common stock received in connection with the Spin-off in an exempt transaction pursuant to Rule 16a-9.
Represents stock options granted pursuant to the Plan. Pursuant to the Reporting Person's Employment Agreement and in accordance with the Plan, each stock option held by the Reporting Person immediately before the Spin-off that was granted to the Reporting Person pursuant to an equity plan of Time Warner Inc. has been converted into a stock option of Time Inc. on substantially the same terms as such Time Warner Inc. stock options (other than with respect to the number and type of shares covered thereby and the related exercise price).
20% of the stock options will vest on each of September 3, 2014, September 3, 2015, September 3, 2016, September 3, 2017 and September 3, 2018, respectively.
/s/ Kevin Tang, Attorney-in-Fact for Joseph A. Ripp
2014-06-10