X0303 4 2009-02-20 0001105705 TIME WARNER INC. TWX 0001200608 MELTON CAROL A ONE TIME WARNER CENTER NEW YORK NY 10019-8016 1 Executive Vice President Employee Stock Option (Right to Buy) 7.35 2009-02-20 4 A 0 113300 0 A 2019-02-19 Common Stock, Par Value $.01 113300 113300 D Restricted Stock Units 2009-02-20 4 A 0 24400 0 A Common Stock, Par Value $.01 24400 81150 D This option becomes exercisable in increments of 25% on the first four anniversaries of the date of grant, February 20, 2009. Each restricted stock unit represents a contingent right to receive one share of Common Stock. This award of restricted stock units vests in two equal installments on the third and fourth anniversaries of the date of grant, February 20, 2009. Shares of Common Stock will be issued to the reporting person upon vesting of the restricted stock units. By: Brenda C. Karickhoff For: Carol A. Melton 2009-02-23