X0202 4 2007-08-03 0 0001105705 TIME WARNER INC TWX 0001008086 PARSONS RICHARD D ONE TIME WARNER CENTER NEW YORK NY 10019-8016 1 1 0 0 Chairman and CEO Phantom Stock Units 2007-08-03 4 I 0 26867.276 18.61 A Common Stock, par value $.01 26867.276 130602.8995 I By Deferred Comp. 1-for-1 The phantom stock units were acquired by the Reporting Person as a result of an intra fund transfer made at the election of the Reporting Person into the Time Warner Common Stock Crediting Fund under the Time Warner Deferred Compensation Plan. The phantom stock units are to be settled in cash following a designated period of years or following the Reporting Person's retirement or termination of employment. The cash value received by the Reporting Person upon distribution will be based on the fair market value of Time Warner Common Stock. By: Brenda C. Karickhoff For: Richard D. Parsons 2007-08-06