X0306 4 2015-02-07 0001105705 TIME WARNER INC. TWX 0001237444 CAPPUCCIO PAUL T ONE TIME WARNER CENTER NEW YORK NY 10019-8016 1 EVP and General Counsel Common Stock, Par Value $.01 2015-02-07 4 M 0 10721 0 A 72688 D Common Stock, Par Value $.01 2015-02-07 4 F 0 3958 80.38 D 68730 D Common Stock, Par Value $.01 275 I By Savings Plan Restricted Stock Units 2015-02-07 4 M 0 10721 0 D 2015-02-07 2015-02-07 Common Stock, Par Value $.01 10721 60918 D Shares of common stock acquired upon the vesting of restricted stock units awarded on February 7, 2011. 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. These restricted stock units include (i) restricted stock units that vest in two equal installments on the third and fourth anniversaries of the following dates of grant: February 15, 2012 and February 15, 2013, and (ii) restricted stock units that vest in four equal installments on the first four anniversaries of the date of grant, February 15, 2014. By: Brenda C. Karickhoff for Paul T. Cappuccio 2015-02-09