4//SEC Filing
Battista Richard 4
Accession 0001127602-18-003775
CIK 0001591517other
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 4:52 PM ET
Size
15.2 KB
Accession
0001127602-18-003775
Insider Transaction Report
Form 4
Time Inc.TIME
Battista Richard
Executive Vice President
Transactions
- Exercise/Conversion
Performance Stock Units
2018-01-31−56,819→ 0 totalExp: 2018-03-15→ Common Stock, par value $0.01 (56,819 underlying) - Disposition to Issuer
Stock Option (right to buy)
2018-01-31$18.50/sh−171,673$3,175,951→ 0 totalExercise: $14.38Exp: 2026-02-07→ Common Stock, par value $0.01 (171,673 underlying) - Disposition to Issuer
Common Stock, par value $0.01
2018-01-31−56,819→ 125,171 total - Exercise/Conversion
Common Stock, par value $0.01
2018-01-31+56,819→ 181,990 total - Disposition to Issuer
Common Stock, par value $0.01
2018-01-31$18.50/sh−125,171$2,315,664→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2018-01-31$18.50/sh−400,000$7,400,000→ 0 totalExercise: $14.32Exp: 2026-09-12→ Common Stock, par value $0.01 (400,000 underlying)
Footnotes (5)
- [F1]Represents the OPP units that vested as to 50% of the shares subject to the award, with the remainder of the shares forfeited.
- [F2]Each OPP unit was granted under the 2014 Omnibus Incentive Compensation Plan or the 2016 Omnibus Incentive Compensation Plan and represents a right to receive one share of common stock.
- [F3]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.
- [F4]This option, which provided for vesting in four equal installments beginning September 13, 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.
- [F5]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.
Documents
Issuer
Time Inc.
CIK 0001591517
Entity typeother
Related Parties
1- filerCIK 0001311216
Filing Metadata
- Form type
- 4
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 4:52 PM ET
- Size
- 15.2 KB