X0202 4 2006-03-03 0 0001105705 TIME WARNER INC TWX 0001237441 BARGE JAMES W ONE TIME WARNER CENTER NEW YORK NY 10019-8016 0 1 0 0 SVP and Controller Employee Stock Option (right to buy) 17.4 2006-03-03 4 A 0 71500 0 A 2016-03-02 Common Stock, par value $.01 71500 71500 D Restricted Stock Units 2006-03-03 4 A 0 16683 0 A Common Stock, par value $.01 16683 35933 D This option becomes exercisable in increments of 25% on the first four anniversaries of the date of grant, March 3, 2006. Each restricted stock unit represents the contingent right to receive one share of Common Stock. This award of restricted stock units vests in two equal installments on the third and fourth anniversaries of the date of grant, March 3, 2006. Shares of Common Stock will be issued to the reporting person upon vesting of the restricted stock units. By: Brenda C. Karickhoff For: James W. Barge 2006-03-06