X0202 4 2007-05-01 0 0001105705 TIME WARNER INC TWX 0001159762 BOLLENBACH STEPHEN F ONE TIME WARNER CENTER NEW YORK NY 10019-8016 1 0 0 0 Common Stock, par value $.01 2007-05-01 4 M 0 2172 A 21988 D Restricted Stock Units 2007-05-01 4 M 0 2172 0 D 2007-05-01 Common Stock, par value $.01 2172 5426 D The common stock was acquired as a result of the vesting of restricted stock units awarded on May 20, 2005 and May 19, 2006. Each restricted stock unit represents a contingent right to receive one share of Common Stock. The Reporting Person receives one share of Common Stock for each restricted stock unit that vests. These awards of restricted stock units vest in annual installments of 25% beginning on May 1, 2006 through May 1, 2009 and May 1, 2007 through May 1, 2010. The vested shares of Common Stock will be issued to the Reporting Person upon vesting. By: Brenda C. Karickhoff For: Stephen F. Bollenbach 2007-05-02