0001127602-18-003828.txt : 20180202
0001127602-18-003828.hdr.sgml : 20180202
20180202173004
ACCESSION NUMBER: 0001127602-18-003828
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180131
FILED AS OF DATE: 20180202
DATE AS OF CHANGE: 20180202
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Wong Jennifer L.
CENTRAL INDEX KEY: 0001663651
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36218
FILM NUMBER: 18572016
MAIL ADDRESS:
STREET 1: C/O TIME INC.
STREET 2: 225 LIBERTY STREET
CITY: NEW YORK
STATE: NY
ZIP: 10281
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: 225 LIBERTY STREET
CITY: NEW YORK
STATE: NY
ZIP: 10281
BUSINESS PHONE: 212-522-1212
MAIL ADDRESS:
STREET 1: 225 LIBERTY STREET
CITY: NEW YORK
STATE: NY
ZIP: 10281
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2018-01-31
0001591517
Time Inc.
TIME
0001663651
Wong Jennifer L.
C/O TIME INC.
225 LIBERTY STREET
NEW YORK
NY
10281
1
COO and President, Digital
Common Stock, par value $0.01
2018-01-31
4
M
0
22728
A
93056
D
Common Stock, par value $0.01
2018-01-31
4
D
0
22728
D
70328
D
Common Stock, par value $0.01
2018-01-31
4
D
0
70328
18.50
D
0
D
Performance Stock Units
2018-01-31
4
M
0
22728
D
2018-03-15
Common Stock, par value $0.01
22728
0
D
Stock Option (right to buy)
14.38
2018-01-31
4
D
0
85836
18.50
D
2026-02-07
Common Stock, par value $0.01
85836
0
D
Stock Option (right to buy)
14.20
2018-01-31
4
D
0
200000
18.50
D
2018-01-31
2020-07-23
Common Stock, par value $0.01
200000
0
D
The OPP units vested as to 50% of the shares subject to the award, with the remainder of the shares forfeited.
Each OPP unit was granted under the 2014 Omnibus Incentive Compensation Plan and represents a right to receive one share of common stock.
Disposed of pursuant to the Agreement and Plan of Merger, dated as of November 26, 2017, between the issuer, Meredith Corporation and certain other parties in exchange for $18.50 per share on the effective date of the merger.
This option, which provided for vesting in four equal installments beginning February 8, 2017, was canceled and converted into the right to receive an amount in cash, without interest, determined by multiplying (i) the excess of the per share merger consideration of $18.50 over the exercise price of such stock option by (ii) the number of shares of common stock underlying the stock option, less any applicable withholding taxes. Such transaction was exempt under Rule 16b-3.
This option, which provided for vesting in two equal installments beginning July 24, 2018, was canceled and converted into the right to receive an amount in cash, without interest, determined by multiplying (i) the excess of the per share merger consideration of $18.50 over the exercise price of such stock option by (ii) the number of shares of common stock underlying the stock option, less any applicable withholding taxes. Such transaction was exempt under Rule 16b-3.
/s/ Monika Roth, Attorney-in-Fact for Jennifer L. Wong
2018-02-02