Time Warner Cable 2010 Annual Report Download - page 46

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Equity Compensation Plan Information
The following table summarizes information as of December 31, 2010, about the Company’s outstanding equity
compensation awards and shares of common stock reserved for future issuance under the Company’s equity compensation
plans.
Number of Securities
to be Issued Upon
Exercise of
Outstanding Options,
Warrants and Rights
(b)
Weighted-average
Exercise Price of
Outstanding Options,
Warrants and Rights
(b)
Number of Securities
Remaining Available
for Future Issuance
Under Equity
Compensation Plans
(excluding securities
reflected in
column (i))
(c)
(i) (ii) (iii)
Equity compensation plans approved by security
holders
(a)
............................. 16,798,014 $ 36.03 17,691,764
Equity compensation plans not approved by
security holders ........................ — — —
Total .................................. 16,798,014 $ 36.03 17,691,764
(a)
Equity compensation plans approved by security holders covers the Time Warner Cable Inc. 2006 Stock Incentive Plan (the “2006 Stock Plan”),
which was originally approved by the Company’s stockholders in May 2007 and is currently the Company’s only compensation plan pursuant to
which the Company’s equity is awarded.
(b)
Column (i) includes 5,313,175 shares of TWC Common Stock underlying outstanding restricted stock units. Because there is no exercise price
associated with restricted stock units, such equity awards are not included in the weighted-average exercise price calculation in column (ii).
(c)
A total of 51,299,660 shares of TWC Common Stock have been authorized for issuance pursuant to the terms of the 2006 Stock Plan. Any shares of
TWC Common Stock issued in connection with stock options or stock appreciation rights are counted against the 2006 Stock Plan available share
reserve as one share for every share issued. Any shares of TWC Common Stock issued in connection with “Full Value Awards” (restricted stock or
restricted stock units) are counted against the available share reserve under the 2006 Stock Plan as (i) one share for every share issued multiplied by
(ii) a ratio. The ratio (the “Ratio”) is the quotient resulting from dividing (a) the grant date fair value of such Full Value Award, as determined for
financial reporting purposes, by (b) the grant date fair value of a stock option granted under the 2006 Stock Plan. As a result, based on the Ratio
determined on December 31, 2010, of the shares of TWC Common Stock available for future issuance under the 2006 Stock Plan listed in column
(iii), as of December 31, 2010, a maximum of 4,820,958.80 shares may be issued in connection with Full Value Awards.
Stock options granted under the 2006 Plan have exercise prices equal to the fair market value of TWC Common
Stock at the date of grant. Generally, the stock options vest ratably over a four-year vesting period and expire ten years
from the date of grant. Certain stock option awards provide for accelerated vesting upon the grantee’s termination of
employment after reaching a specified age and years of service. In connection with the Company’s payment of the special
cash dividend on March 12, 2009 and its 1-for-3 reverse stock split, adjustments were made to the number of underlying
shares and exercise prices of outstanding TWC stock options to maintain the fair value of those awards.
PART IV
Item 15. Exhibits and Financial Statements Schedules.
(a)(1)-(2) Financial Statements and Schedules:
(i) The list of consolidated financial statements and schedules set forth in the accompanying Index to
Consolidated Financial Statements and Other Financial Information at page 36 herein is incorporated herein by
reference. Such consolidated financial statements and schedules are filed as part of this Annual Report.
(ii) All other financial statement schedules are omitted because the required information is not applicable, or
because the information required is included in the consolidated financial statements and notes thereto.
(3) Exhibits:
The exhibits listed on the accompanying Exhibit Index are filed or incorporated by reference as part of this Annual
Report and such Exhibit Index is incorporated herein by reference. Exhibits 10.25 through 10.43 and 10.46 through 10.60
listed on the accompanying Exhibit Index identify management contracts or compensatory plans or arrangements
required to be filed as exhibits to this Annual Report, and such listing is incorporated herein by reference.
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