X0306 4 2016-02-08 0001591517 Time Inc. TIME 0001202421 Bodell Colin C/O TIME INC. 225 LIBERTY STREET NEW YORK NY 10281 1 EVP & Chief Technology Officer Common Stock, par value $0.01 2016-02-08 4 A 0 13038 0 A 30322 D Stock Option (right to buy) 14.38 2016-02-08 4 A 0 80472 0 A 2026-02-07 Common Stock, par value $0.01 80472 80472 D Performance Stock Units 2016-02-08 4 A 0 22727 0 A 2018-03-15 Common Stock, par value $0.01 22727 22727 D Represents restricted stock units that are scheduled to vest ratably over four years on February 8 of each of 2017, 2018, 2019 and 2020. The stock options are scheduled to vest ratably over four years on February 8 of each of 2017, 2018, 2019 and 2020. Each performance stock unit represents a contingent right to receive one share of common stock of the Issuer. The performance stock units shall vest on March 15, 2018 in an amount from 0% to 275% of the number of performance stock units granted based on the average fair market value of the Issuer's common stock during the period commencing on February 15, 2018 and ending on March 15, 2018. /s/ Kevin Tang, Attorney-in-Fact for Colin Bodell 2016-02-10