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TWC Time Warner Cable

209.56
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Time Warner Cable NYSE:TWC NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 209.56 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

21/05/2016 12:53am

Edgar (US Regulatory)


FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Castro Thomas H
2. Issuer Name and Ticker or Trading Symbol

TIME WARNER CABLE INC. [ TWC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE
3. Date of Earliest Transaction (MM/DD/YYYY)

5/18/2016
(Street)

NEW YORK, NY 10023
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units     (1) 5/18/2016     D   (2)       830.0000      (3)   (3) Common Stock, par value $.01 per share   830.0000     (2) 17208.5420   D    
Restricted Stock Units     (1) 5/18/2016     D   (2)       1058.0000      (4)   (4) Common Stock, par value $.01 per share   1058.0000     (2) 16150.5420   D    
Restricted Stock Units     (1) 5/18/2016     D   (2)       1120.0000      (5)   (5) Common Stock, par value $.01 per share   1120.0000     (2) 15030.5420   D    
Restricted Stock Units     (1) 5/18/2016     D   (2)       15030.5420      (6)   (6) Common Stock, par value $.01 per share   15030.5420     (2) 0.0000   D    

Explanation of Responses:
( 1)  Each restricted stock unit or deferred stock unit, as applicable, represented a right to receive one share of the Issuer's Common Stock prior to the closing of the transactions contemplated by the merger agreement (as defined below).
( 2)  These restricted stock units or deferred stock units, as applicable, were canceled in accordance with the terms of the Agreement and Plan of Mergers, dated as of May 23, 2015, among the Issuer, Charter Communications, Inc., CCH I, LLC (now named Charter Communications, Inc.) and certain other parties thereto (the "merger agreement"), and the Reporting Person received an amount in cash equal to approximately $224.91 per unit.
( 3)  50% of the Common Stock covered by the restricted stock units would have been issuable to the Reporting Person on the earlier of February 10, 2019 (the third anniversary of the date of grant) or in connection with the Reporting Person's ceasing to serve as a director of the Issuer, and the remaining 50% would have been issuable to the Reporting Person in connection with the Reporting Person's ceasing to serve as a director of the Issuer.
( 4)  50% of the Common Stock covered by the restricted stock units would have been issuable to the Reporting Person on the earlier of February 11, 2018 (the third anniversary of the date of grant) or in connection with the Reporting Person's ceasing to serve as a director of the Issuer, and the remaining 50% would have been issuable to the Reporting Person in connection with the Reporting Person's ceasing to serve as a director of the Issuer.
( 5)  50% of the Common Stock covered by the restricted stock units would have been issuable to the Reporting Person on the earlier of February 12, 2017 (the third anniversary of the date of grant) or in connection with the Reporting Person's ceasing to serve as a director of the Issuer, and the remaining 50% would have been issuable to the Reporting Person in connection with the Reporting Person's ceasing to serve as a director of the Issuer.
( 6)  The Issuer's Common Stock would have been issuable to the Reporting Person in connection with the Reporting Person's ceasing to serve as a director of the Issuer.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Castro Thomas H
C/O TIME WARNER CABLE INC.
60 COLUMBUS CIRCLE
NEW YORK, NY 10023
X



Signatures
Susan A. Waxenberg, Attorney in Fact 5/20/2016
** Signature of Reporting Person Date


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 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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