X0202 4 2006-10-25 0 0001105705 TIME WARNER INC TWX 0001237444 CAPPUCCIO PAUL T ONE TIME WARNER CENTER NEW YORK NY 10019-8016 0 1 0 0 EVP and General Counsel Restricted Stock Units 2006-10-25 4 A 0 250000 0 A Common Stock, par value $.01 250000 330000 D 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. This award of restricted stock units vests in two equal installments on the third and fourth anniversaries of the date of grant, October 25, 2006. Shares of Common Stock will be issued to the Reporting Person upon vesting of the restricted stock units. By: Brenda C. Karickhoff For: Paul T. Cappuccio 2006-10-26