X0306 4/A 2017-07-03 2017-07-06 0001591517 Time Inc. TIME 0001568037 Rolfe Ronald S C/O TIME INC. 225 LIBERTY STREET NEW YORK NY 10281 1 Common Stock, par value $0.01 2017-07-03 4 A 0 8304 0 A 40451.432 D Represents restricted stock units that are scheduled to vest on the earlier of July 3, 2018 or the date of Time Inc.'s 2018 annual meeting of stockholders. This amendment to the Form 4 filed on July 6, 2017 replaces in its entirety footnote 1 thereto to correct the vesting schedule for the award of restricted stock units reflected in the original report (repeated on this amendment to gain access to the filing system). /s/ Annette Boglev, Attorney-in-Fact for Ronald S. Rolfe 2017-07-07