-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, T1nxqmVBAFAgzLfGzwhRxF1HQZMmjJGClouEjdhUbBlZMVGKo/aojqTMADYsO3Jk ew4qUIVtePmkIfSej9+h1w== 0000950157-00-000037.txt : 20000202 0000950157-00-000037.hdr.sgml : 20000202 ACCESSION NUMBER: 0000950157-00-000037 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000110 FILED AS OF DATE: 20000120 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICA ONLINE INC CENTRAL INDEX KEY: 0000883780 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 541322110 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 3 SEC ACT: SEC FILE NUMBER: 001-12143 FILM NUMBER: 510498 BUSINESS ADDRESS: STREET 1: AMERICA ONLINE, INC. STREET 2: 22000 AOL WAY CITY: DULLES STATE: VA ZIP: 20166 BUSINESS PHONE: 703-265-1000 MAIL ADDRESS: STREET 1: 22000 AOL WAY CITY: DULLES STATE: VA ZIP: 20166 COMPANY DATA: COMPANY CONFORMED NAME: TIME WARNER INC/ CENTRAL INDEX KEY: 0001021387 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812] OTHER IRS NUMBER: 133527249 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 BUSINESS ADDRESS: STREET 1: TIME & LIFE BLDG ROCKFELLER CENTER STREET 2: 75 ROCKEFELLER PLAZA CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2124848000 MAIL ADDRESS: STREET 1: TW INC STREET 2: 75 ROCKEFELLER PLAZA CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: TW INC DATE OF NAME CHANGE: 19960822 3 1 FORM 3 ------------------------------ OMB APPROVAL ------------------------------ OMB Number Expires: Estimated average burden hours per response ....... 0.5 ------------------------------ U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 =============================================================================== 1. Name and Address of Reporting Person* Time Warner Inc. - ------------------------------------------------------------------------------- (Last) (First) (Middle) 75 Rockefeller Plaza - ------------------------------------------------------------------------------- (Street) New York, New York 10019 - ------------------------------------------------------------------------------- (City) (State) (Zip) =============================================================================== 2. Date of Event Requiring Statement (Month/Day/Year) 01/10/00 =============================================================================== 3. IRS or Social Security Number of Reporting Person (Voluntary) 13-3527249 =============================================================================== 4. Issuer Name and Ticker or Trading Symbol America Online, Inc. (AOL) =============================================================================== 5. Relationship of Reporting Person to Issuer (Check all applicable) [ ] Director [ ] 10% Owner [ ] Officer (give title below) [ X ] Other (specify below) -------------------------------------------------------------------- =============================================================================== 6. If Amendment, Date of Original (Month/Year) =============================================================================== 7. Individual or Joint/Group Filing (Check applicable line) [ X ] Form Filed by One Reporting Person [ ] Form Filed by More than One Reporting Person =============================================================================== Table I -- Non-Derivative Securities Beneficially Owned ===============================================================================
3. Ownership Form: 2. Amount of Securities Direct (D) or 1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership (Instr. 4) (Instr. 4) (Instr. 5) (Instr.5) - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the Form is filed by more than one Reporting Person, see Instruction 5(b)(v) Page 1 of 4 FORM 3 (continued) Table II -- Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
5. Owner- 3. Title and Amount of Securities ship Underlying Derivative Security Form of 2. Date Exercisable (Instr. 4) Derivative and Expiration Date --------------------------------- 4. Conver- Security: (Month/Day/Year) Amount sion or Direct 6. Nature of ---------------------- or Exercise (D) or Indirect Date Expira- Number Price of Indirect Beneficial 1. Title of Derivative Exer- tion of Derivative (I) Ownership Security (Instr. 4) cisable Date Title Shares Security (Instr.5) (Instr. 5) - ------------------------------------------------------------------------------------------------------------------------------------ Option to Purchase See Ex- See Ex- Common Stock, par 452,535,148 See Expla- D planation planation value $0.01 per nation of of of Responses share Responses Responses - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------
Page 2 of 4 Explanation of Responses: On January 10, 2000, Time Warner Inc. ("Time Warner") and America Online, Inc. ("America Online") entered into an Agreement and Plan of Merger (the "Merger Agreement"). In connection with the Merger Agreement, Time Warner and America Online entered into a Stock Option Agreement (the "Stock Option Agreement") pursuant to which America Online granted to Time Warner an option (the "Option") to purchase up to 452,535,148 shares of common stock, par value $0.01 per share, of America Online ("America Online Common Stock"), subject to adjustment, representing approximately 19.9% of the America Online Common Stock issued and outstanding on January 5, 2000, at a purchase price per share equal to $73.75, subject to adjustment. The Option may be exercised by Time Warner at any time after the occurrence of any event as a result of which Time Warner becomes entitled to receive, pursuant to the Merger Agreement, the America Online Termination Fee (as defined in section 8.2(c) of the Merger Agreement). The Option will terminate upon the earliest of (i) the effective time of the Mergers, (ii) written notice of termination of the Stock Option Agreement by Time Warner, (iii) 12 months after the date Time Warner becomes entitled to the America Online Termination Fee and (iv) the date of termination of the Merger Agreement (unless Time Warner has the right to receive the America Online Termination Fee, in which case the Option will not terminate until the later of (x) 15 business days following the date the America Online Termination Fee becomes payable and (y) the expiration of the period in which Time Warner has the right to receive the America Online Termination Fee). The Option is not currently exercisable and only becomes exercisable under certain circumstances. Time Warner expressly disclaims beneficial ownership of all shares of America Online Common Stock that may be purchased upon exercise of the Option. Page 3 of 4 *Name and Address of Reporting Person: Time Warner Inc. 75 Rockefeller Plaza New York, New York 10019 Additional Reporting Persons: N/A Date of Event Requiring Statement: January 10, 2000 Issuer Name and Ticker or Trading Symbol: America Online, Inc. (AOL) **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. /s/ Christopher P. Bogart January 19, 2000 - -------------------------- ------------------ **Signature of Reporting Person Date Name: Christopher P. Bogart Title: Executive Vice President, General Counsel and Secretary Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Page 4 of 4 -----END PRIVACY-ENHANCED MESSAGE-----