X0306 4 2017-02-15 0001105705 TIME WARNER INC. TWX 0001476398 Horne Douglas Edward ONE TIME WARNER CENTER NEW YORK NY 10019 1 SVP and Controller Common Stock, Par Value $.01 2017-02-15 4 M 0 3411 0 A 16282 D Common Stock, Par Value $.01 2017-02-15 4 F 0 1385 96.32 D 14897 D Common Stock, Par Value $.01 2017-02-15 4 M 0 1398 0 A 16295 D Common Stock, Par Value $.01 2017-02-15 4 F 0 720 96.32 D 15575 D Common Stock, Par Value $.01 2017-02-15 4 M 0 2385 0 A 17960 D Common Stock, Par Value $.01 2017-02-15 4 F 0 1229 96.32 D 16731 D Common Stock, Par Value $.01 2017-02-15 4 M 0 2208 0 A 18939 D Common Stock, Par Value $.01 2017-02-15 4 F 0 1138 96.32 D 17801 D Restricted Stock Units 2017-02-15 4 M 0 3411 0 D Common Stock, Par Value $.01 3411 31466 D Restricted Stock Units 2017-02-15 4 M 0 1398 0 D Common Stock, Par Value $.01 1398 30068 D Restricted Stock Units 2017-02-15 4 M 0 2385 0 D Common Stock, Par Value $.01 2385 27683 D Restricted Stock Units 2017-02-15 4 M 0 2208 0 D Common Stock, Par Value $.01 2208 25475 D Shares of common stock acquired upon the vesting of restricted stock units awarded on February 15, 2013, February 15, 2014, February 15, 2015 and February 15, 2016. Each restricted stock unit represents a contingent right to receive one share of common stock. The Reporting Person received one share of common stock for each restricted stock unit that vested. Payment of tax liability by withholding shares of common stock incident to the vesting of restricted stock units in accordance with Rule 16b-3. These restricted stock units vest in two equal installments on the third and fourth anniversaries of the date of grant, February 15, 2013. These restricted stock units vest in four equal installments on the first four anniversaries of the date of grant, February 15, 2014. These restricted stock units vest in four equal installments on the first four anniversaries of the date of grant, February 15, 2015. These restricted stock units vest in four equal installments on the first four anniversaries of their date of grant, February 15, 2016. These restricted stock units include (i) restricted stock units that vest in four equal installments on the first four anniversaries of the following dates of grant: February 15, 2014, February 15, 2015 and February 15, 2016; (ii) restricted stock units that are scheduled to vest in four equal installments on each anniversary of February 15, 2017; and (iii) restricted stock units that are scheduled to vest in four equal installments on each anniversary of February 15, 2018. Brenda C. Karickhoff for Douglas E. Horne 2017-02-17