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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
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

(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)
06/04/2010
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
Common Stock, par value $.01 per share 06/04/2010 M 23,750 A $23.48 36,093 D
Common Stock, par value $.01 per share 06/04/2010 M 19,654 A $35.6 55,747 D
Common Stock, par value $.01 per share 06/04/2010 M 4,542 A $33.8 60,289 D
Common Stock, par value $.01 per share 06/04/2010 M 3,461 A $33.8 63,750 D
Common Stock, par value $.01 per share 06/04/2010 M 2,869 A $33.8 66,619 D
Common Stock, par value $.01 per share 06/04/2010 M 2,724 A $33.8 69,343 D
Common Stock, par value $.01 per share 06/04/2010 S 2,724 D $54.6468(1) 66,619 D
Common Stock, par value $.01 per share 06/04/2010 S 2,869 D $54.6012(2) 63,750 D
Common Stock, par value $.01 per share 06/04/2010 S 3,461 D $54.5826(3) 60,289 D
Common Stock, par value $.01 per share 06/04/2010 S 4,542 D $54.57 55,747 D
Common Stock, par value $.01 per share 06/04/2010 S 19,654 D $54.57 36,093 D
Common Stock, par value $.01 per share 06/04/2010 S 23,750 D $54.5903(4) 12,343 D
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
Employee Stock Option (Right to Buy) $35.6(5) 06/04/2010 M 19,654(5) (6) 03/02/2018 Common Stock, par value $.01 per share 19,654 $0 125,092(5) D
Employee Stock Option (Right to Buy) $23.48(5) 06/04/2010 M 23,750(5) (7) 02/12/2019 Common Stock, par value $.01 per share 23,750 $0 166,279(5) D
Employee Stock Option (Right to Buy) $33.8 06/04/2010 M 2,869 03/03/2010 03/02/2016 Common Stock, par value $.01 per share 2,869 $0 0 D
Employee Stock Option (Right to Buy) $33.8 06/04/2010 M 2,724 03/12/2010 02/12/2014 Common Stock, par value $.01 per share 2,724 $0 0 D
Employee Stock Option (Right to Buy) $33.8 06/04/2010 M 3,461 03/12/2010 02/17/2015 Common Stock, par value $.01 per share 3,461 $0 0 D
Employee Stock Option (Right to Buy) $33.8 06/04/2010 M 4,542 03/12/2010 03/02/2016 Common Stock, par value $.01 per share 4,542 $0 0 D
Explanation of Responses:
1. This transaction was executed in multiple trades at prices ranging from $54.470 to $54.795. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, Time Warner Cable Inc. or a security holder of Time Warner Cable Inc., full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1, 2, 3 and 4 to this Form 4.
2. This transaction was executed in multiple trades at prices ranging from $54.570 to $54.670. The price reported above reflects the weighted average sale price.
3. This transaction was executed in multiple trades at prices ranging from $54.475 to $54.710. The price reported above reflects the weighted average sale price.
4. This transaction was executed in multiple trades at prices ranging from $54.470 to $54.810. The price reported above reflects the weighted average sale price.
5. 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 share of its Class A common stock and Class B common stock into one share of its common stock (the "Recapitalization") and (c) after the Recapitalization, effected a 1-for-3 reverse stock split on all outstanding shares of its common stock (the "Reverse Stock Split"). The exercise price of and number of shares underlying this option award reflect antidilution adjustments effected in connection with the Special Dividend, the Recapitalization and the Reverse Stock Split.
6. This option is exercisable in increments of 25% on the first four anniversaries of the date of grant, March 3, 2008.
7. This option is exercisable in increments of 25% on the first four anniversaries of the date of grant, February 13, 2009.
Remarks:
Susan A. Waxenberg, Attorney in Fact 06/08/2010
** 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 Number.