X0202 4 2008-05-16 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 2008-05-16 4 M 0 5867 0 A 89951 D Common Stock, Par Value $.01 1650 I By Spouse Restricted Stock Units 2008-05-16 4 M 0 5867 0 D 2008-05-01 Common Stock, Par Value $.01 5867 0 D The Reporting Person received 5,867 shares of Common Stock in connection with the vesting of 5,867 restricted stock units upon his retirement from the board of directors of the Issuer on May 16, 2008. 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. By: Brenda C. Karickhoff For. Francis T. Vincent, Jr. 2008-05-19