X0202 4 2008-05-01 0001105705 TIME WARNER INC. TWX 0001237456 VINCENT FRANCIS T JR ONE TIME WARNER CENTER NEW YORK NY 10019-8016 1 Common Stock, Par Value $.01 2008-05-01 4 M 0 3043 0 A 84084 D Common Stock, Par Value $.01 1650 I By Spouse Restricted Stock Units 2008-05-01 4 M 0 3043 0 D 2008-05-01 Common Stock, Par Value $.01 3043 5867 D The common stock was acquired as a result of the vesting of restricted stock units awarded on May 20, 2005, May 19, 2006 and May 18, 2007. 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. Shares held by the Reporting Person's spouse as to which the Reporting Person disclaims beneficial ownership. These awards of restricted stock units vest in annual installments of 25% beginning on May 1, 2006 through May 1, 2009, May 1, 2007 through May 1, 2010 and May 1, 2008 through May 1, 2011. The vested shares of Common Stock will be issued to the Reporting Person upon vesting. By: Janet Silverman For: Francis T. Vincent, Jr. 2008-05-02