<?xml version="1.0" encoding="utf-8"?>
<!-- http://blog.flexexamples.com/2008/02/20/creating-timers-using-the-timer-class/ -->
<mx:Application xmlns:mx="http://www.adobe.com/2006/mxml"
        layout="vertical"
        verticalAlign="middle"
        backgroundColor="white"
        creationComplete="init();" viewSourceURL="srcview/index.html">

    <mx:Script>
        <![CDATA[
            import mx.controls.Alert;

            private var timer:Timer;

            private function init():void {
                timer = new Timer(1000, 5);
                timer.addEventListener(TimerEvent.TIMER, timer_timer);
                timer.addEventListener(TimerEvent.TIMER_COMPLETE, timer_timerComplete);
                timer.start();
            }

            private function timer_timer(evt:TimerEvent):void {
                var tmr:Timer = evt.currentTarget as Timer;
                var obj:Object = new Object();
                obj.currentCount = tmr.currentCount;
                obj.delay = tmr.delay;
                obj.repeatCount = tmr.repeatCount;
                obj.running = tmr.running;
                arrColl.addItemAt(obj, 0);
            }

            private function timer_timerComplete(evt:TimerEvent):void {
                var tmr:Timer = evt.currentTarget as Timer;
                Alert.show(tmr.currentCount + " of " + tmr.repeatCount, "Timer complete");

                // Call the Timer instance's timer event handler.
                timer_timer(evt);
            }

            private function resetTimer():void {
                arrColl = new ArrayCollection([]);
                timer.reset();
                timer.start();
            }
        ]]>
    </mx:Script>

    <mx:ArrayCollection id="arrColl" />

    <mx:ApplicationControlBar dock="true">
        <mx:Button label="Reset" click="resetTimer();" />
    </mx:ApplicationControlBar>

    <mx:DataGrid id="dataGrid"
            dataProvider="{arrColl}"
            width="100%"
            rowCount="10"
            verticalGridLines="false"
            verticalScrollPolicy="on">
        <mx:columns>
            <mx:DataGridColumn dataField="currentCount" />
            <mx:DataGridColumn dataField="repeatCount" />
            <mx:DataGridColumn dataField="delay" />
            <mx:DataGridColumn dataField="running" />
        </mx:columns>
    </mx:DataGrid> 

</mx:Application>