X0305 4 2012-05-15 1 0001105705 TIME WARNER INC. TWX 0001077846 MILES MICHAEL A ONE TIME WARNER CENTER NEW YORK NY 10019-8016 1 Common Stock, Par Value $.01 2012-05-15 4 M 0 862.676 0 A 33477.191 D Common Stock, Par Value $.01 2012-05-15 4 S 0 2.191 35.28 D 33475 D Restricted Stock Units 2012-05-15 4 M 0 862.676 0 D Common Stock, Par Value $.01 862.676 0 D All unvested restricted stock units have vested in connection with the Reporting Person's retirement from the Board of Directors of the Issuer on May 15, 2012. Each restricted stock unit represented a contingent right to receive one share of common stock, and the Reporting Person received one share of common stock for each restricted stock unit that vested. Includes 1.515 fractional shares of restricted stock resulting from the adjustments to previously granted shares of restricted stock to reflect the separation of Time Warner Cable Inc. and AOL Inc. from the Issuer on March 12, 2009 and on December 9, 2009, respectively. Pursuant to the exemption under Rule 16a-9(a) of the Securities Exchange Act of 1934, the adjustments are not required to be reported. Cash payment in lieu of fractional shares. This transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934. By: Brenda C. Karickhoff for Michael A. Miles 2012-05-17