8-K 1 tp8k_telewestglobal.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 14, 2004 TELEWEST GLOBAL, INC. (Exact name of registrant as specified in its charter) Delaware File No. 000-50886 59-3778247 (State of incorporation) (Commission File Number) (IRS Employer Identification No.) 160 Great Portland Street London W1W 5QA, United Kingdom ---------------------------------------- (Address of principal executive offices) (zip code) Registrant's telephone number, including area code: +44-20-7299-5000 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On October 14, 2004, Telewest Global, Inc. (the "Company") entered into an employment agreement with Eric J. Tveter, the Company's President and Chief Operating Officer, on substantially the terms and conditions previously disclosed in the Company's Registration Statement on Form S-1 (No. 333-115508) filed with the U.S. Securities and Exchange Commission on July 16, 2004, with the following change: o Pursuant to his employment agreement, Mr. Tveter has been granted options to purchase 100,000 shares of the Company's common stock at an exercise price of $0.01 per share in lieu of his previously disclosed entitlement to 100,000 shares of restricted stock. Options to purchase 25,000 shares of common stock will vest on December 31, 2004 and the remaining options will vest in arrears, subject to ratable acceleration upon the satisfaction of performance goals measured annually over a three-year period on the same terms as the proposed restricted stock grant. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. TELEWEST GLOBAL, INC. Dated: October 14, 2004 By: /s/ Clive Burns ------------------------- Name: Clive Burns Title: Secretary