SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Hobbs Landel C

(Last) (First) (Middle)
C/O TIME WARNER CABLE INC.
60 COLUMBUS CIRCLE, 16TH FLOOR

(Street)
NEW YORK NY 10023

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TIME WARNER CABLE INC. [ TWC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/12/2009
4. If Amendment, Date of Original Filed (Month/Day/Year)
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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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) $0(2) 03/12/2009 A 26,330.077 (3) (3) Common Stock, par value $.01 per share(1) 26,330.077 $0 81,341.41(2) D
Restricted Stock Units(1) $0(2) 03/12/2009 A 21,362.751 (4) (4) Common Stock, par value $.01 per share(1) 21,362.751 $0 102,704.161(2) D
Restricted Stock Units(1) $0(2) 03/12/2009 A 20,130.269 (5) (5) Common Stock, par value $.01 per share(1) 20,130.269 $0 122,834.43(2) D
Explanation of Responses:
1. On March 12, 2009, the Issuer (a) paid a cash dividend of $10.27 per share to all holders of record of its Class A common stock and Class B common Stock on March 11, 2009 (the "Special Dividend"), (b) after payment of the Special Dividend, reclassified each outstanding share of its Class A common stock and Class B common stock into one share of its common stock, par value $ .01 per share (the "Recapitalization"), and (c) after the Recapitalization, effected a 1-for-3 reverse stock split on all outstanding shares of its common stock. This award represents additional restricted stock units ("RSUs") issued to the Reporting Person in connection with the Special Dividend pursuant to the Reporting Person's election under the Reporting Person's outstanding award to receive additional RSUs in lieu of a cash retained distribution that would have otherwise been established in respect of the Reporting Person's outstanding awards of RSUs in connection with the payment of the Special Dividend.
2. Each RSU represents a contingent right to receive one share of Common Stock and reflects the Recapitalization and the 1-for-3 reverse stock split. Fractional RSUs will be paid in cash upon vesting.
3. This award of restricted stock units vests in two equal installments on the third and fourth anniversaries of the date of grant of the underlying award to which the retained distribution would otherwise have been established, February 13, 2009. Shares of Common Stock will be issued to the Reporting Person upon vesting of the restricted stock units.
4. This award of restricted stock units vests in two equal installments on the third and fourth anniversaries of the date of grant of the underlying award to which the retained distribution would otherwise have been established, March 3, 2008. Shares of Common Stock will be issued to the Reporting Person upon vesting of the restricted stock units.
5. This award of restricted stock units vests in two equal installments on the third and fourth anniversaries of the date of grant of the underlying award to which the retained distribution would otherwise have been established, April 2, 2007. Shares of Common Stock will be issued to the Reporting Person upon vesting of the restricted stock units.
Remarks:
Susan A. Waxenberg, Attorney in Fact 03/16/2009
** 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).
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