X0303 4 2009-07-01 0001105705 TIME WARNER INC. TWX 0001200608 MELTON CAROL A ONE TIME WARNER CENTER NEW YORK NY 10019-8016 1 Executive Vice President Common Stock, Par Value $.01 2009-07-01 4 M 0 4147.982 0 A 8159.982 D Common Stock, Par Value $.01 2009-07-01 4 F 0 1449 25.34 D 6710.982 D Common Stock, Par Value $.01 2009-07-01 4 S 0 0.982 25.34 D 6710 D Common Stock, Par Value $.01 300 I By Savings Plan Common Stock, Par Value $.01 6126 I By Spouse Restricted Stock Units 0 2009-07-01 4 M 0 4147.982 0 D 2009-07-01 2009-07-01 Common Stock, Par Value $.01 4147.982 28094.17 D The Common Stock was acquired as a result of the vesting of restricted stock units awarded on July 1, 2005. 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. Payment of tax liability by withholding shares of Common Stock incident to the vesting of restricted stock units in accordance with Rule 16b-3 of the Securities Exchange Act of 1934. This transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934. Includes previously acquired shares of Common Stock that have been adjusted to reflect a one-for-three reverse stock split of the Issuer's common stock that became effective on March 27, 2009. Pursuant to the exemption under Rule 16a-9(a) of the Securities Exchange Act of 1934, these adjustment transactions are not required to be reported. The Time Warner Savings Plan, a qualified employee benefit plan. Shares held by the Reporting Person's spouse as to which the Reporting Person disclaims beneficial ownership. Includes previously granted restricted stock units that have been adjusted to reflect (a) the separation of Time Warner Cable Inc. from the Issuer on March 12, 2009; and (b) a one-for-three reverse stock split of the Issuer's Common Stock that became effective on March 27, 2009. Pursuant to the exemption under Rule 16a-9(a) of the Securities Exchange Act of 1934, these adjustment transactions are not required to be reported. These restricted stock units vest in two equal installments on the third and fourth anniversaries of their dates of grant, March 3, 2006, March 2, 2007, March 7, 2008 and February 20, 2009. By: Brenda C. Karickhoff For: Carol A. Melton 2009-07-02