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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1105705	Time Warner Inc.	TWX	Cable & Other Pay Television Services (4841)	134099534

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1071567	J Kenneth Novack	One Time Warner Center New York NY 10019-8016		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $.01	Acquisiton	2012-05-01	3,730	$0.00	25,879	No	4	M	Direct
Common Stock, Par Value $.01	Disposition	2012-05-01	1	$37.92	25,878	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $.01	Restricted Stock Units	Disposition	2012-05-01	3,730	$0.00	3,730	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
863	2012-05-01	2012-05-01	No	4	M	Direct

Footnotes

The common stock was acquired as a result of the vesting of restricted stock units awarded on May 16, 2008, May 29, 2009 and May 21, 2011.
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 transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
This award of restricted stock units vests in annual installments of 25% beginning on May 1, 2010 through May 1, 2013. The vested shares of Common Stock will be issued to the Reporting Person upon vesting.