X0306 4 2017-06-15 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 2017-06-15 4 M 0 323 0 A 74752 D Common Stock, Par Value $.01 2017-06-15 4 F 0 157 99.12 D 74595 D Common Stock, Par Value $.01 388 I By Savings Plan Common Stock, Par Value $.01 2846 I By Spouse Common Stock, Par Value $.01 3601.767 I By Spouse's 401(k) Plan Restricted Stock Units 2017-06-15 4 M 0 323 0 D Common Stock, Par Value $.01 323 33809 D Shares of common stock acquired upon the vesting of restricted stock units awarded on June 15, 2014. 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. The Time Warner Savings Plan, a qualified employee benefit plan (the "Savings Plan"). Includes shares of common stock acquired through the reinvestment of dividends paid on the common stock held by the Savings Plan. The Reporting Person disclaims beneficial ownership of these shares, which are held by her spouse. The Reporting Person disclaims beneficial ownership of these shares, which were purchased in her spouse's 401(k) plan. These restricted stock units vest in four equal installments, with the first installment to vest on February 15, 2016 and the second, third and fourth installments on the next three anniversaries of their date of grant, June 15, 2014. 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 vest in four equal installments on February 15, 2016 and the second, third and fourth anniversaries of the date of grant, June 15, 2014; (iii) restricted stock units that are scheduled to vest in four equal installments on each anniversary of February 15, 2017; and (iv) restricted stock units that are scheduled to vest in four equal installments on each anniversary of February 15, 2018. By: Brenda C. Karickhoff for Carol A. Melton 2017-06-19