X0303 4 2010-02-08 0001105705 TIME WARNER INC. TWX 0001237450 FILIKRUSHEL PATRICIA ONE TIME WARNER CENTER NEW YORK NY 10019-8016 1 Executive Vice President Employee Stock Option (Right to Buy) 26.92 2010-02-08 4 A 0 82642 0 A 2020-02-07 Common Stock, Par Value $.01 82642 82642 D Restricted Stock Units 2010-02-08 4 A 0 15495 0 A Common Stock, Par Value $.01 15495 63831.16 D This option becomes exercisable in increments of 25% on the first four anniversaries of the date of grant, February 8, 2010. Each restricted stock unit represents a 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, February 8, 2010. Shares of Common Stock will be issued to the reporting person upon vesting of the restricted stock units. Includes previously granted restricted stock units that have been adjusted to reflect (a) the separation of Time Warner Cable Inc. from the Issuer on March 12, 2009; (b) a one-for-three reverse stock split of the Issuer's Common Stock that became effective on March 27, 2009; and (c) the separation of AOL Inc. from the Issuer on December 9, 2009. Pursuant to the exemption under Rule 16a-9(a) of the Securities Exchange Act of 1934, these adjustment transactions are not required to be reported. By: Brenda C. Karickhoff for Patricia Fili-Krushel 2010-02-09