TIME WARNER INC. 4
4 · TIME WARNER INC. · Filed Feb 23, 2009
Insider Transaction Report
Form 4
ADLER EDWARD I
Executive Vice President
Transactions
- Award
Employee Stock Option (Right to Buy)
2009-02-20+133,300→ 133,300 totalExercise: $7.35Exp: 2019-02-19→ Common Stock, Par Value $.01 (133,300 underlying) - Award
Restricted Stock Units
2009-02-20+28,700→ 85,200 total→ Common Stock, Par Value $.01 (28,700 underlying)
Footnotes (3)
- [F1]This option becomes exercisable in increments of 25% on the first four anniversaries of the date of grant, February 20, 2009.
- [F2]Each restricted stock unit represents a contingent right to receive one share of Common Stock.
- [F3]This award of restricted stock units vests in two equal installments on the third and fourth anniversaries of the date of grant, February 20, 2009. Shares of Common Stock will be issued to the reporting person upon vesting of the restricted stock units.