Sec Form 4 Filing - MELTON CAROL A @ TIME WARNER INC. - 2013-02-27

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
MELTON CAROL A
2. Issuer Name and Ticker or Trading Symbol
TIME WARNER INC. [ TWX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive Vice President
(Last) (First) (Middle)
ONE TIME WARNER CENTER
3. Date of Earliest Transaction (MM/DD/YY)
02/27/2013
(Street)
NEW YORK, NY10019-8016
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, Par Value $.01 02/27/2013 M 33,701 A $ 34.57 76,234 D
Common Stock, Par Value $.01 02/27/2013 M 37,071 A $ 36.14 113,305 D
Common Stock, Par Value $.01 02/27/2013 M 24,698 A $ 41.48 138,003 D
Common Stock, Par Value $.01 02/27/2013 M 32,690 A $ 30.99 170,693 D
Common Stock, Par Value $.01 02/27/2013 M 13,636 A $ 15.27 184,329 D
Common Stock, Par Value $.01 02/27/2013 M 39,025 A $ 26.92 223,354 D
Common Stock, Par Value $.01 02/27/2013 M 17,690 A $ 36.11 241,044 D
Common Stock, Par Value $.01 02/27/2013 M 6,982 A $ 37.48 248,026 D
Common Stock, Par Value $.01 02/27/2013 S 205,493 ( 1 ) ( 2 ) D $ 53.1 42,533 D
Common Stock, Par Value $.01 335 I By Savings Plan ( 3 )
Common Stock, Par Value $.01 2,846 I By Spouse ( 4 )
Common Stock, Par Value $.01 3,601.767 I By Spouse's 401(k) Plan ( 5 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) $ 34.57 02/27/2013 M 33,701 ( 6 ) 06/30/2015 Common Stock, Par Value $.01 33,701 $ 0 0 D
Employee Stock Option (Right to Buy) $ 36.14 02/27/2013 M 37,071 ( 6 ) 03/02/2016 Common Stock, Par Value $.01 37,071 $ 0 0 D
Employee Stock Option (Right to Buy) $ 41.48 02/27/2013 M 24,698 ( 6 ) 03/01/2017 Common Stock, Par Value $.01 24,698 $ 0 0 D
Employee Stock Option (Right to Buy) $ 30.99 02/27/2013 M 32,690 ( 6 ) 03/06/2018 Common Stock, Par Value $.01 32,690 $ 0 0 D
Employee Stock Option (Right to Buy) $ 15.27 02/27/2013 M 13,636 ( 6 ) 02/19/2019 Common Stock, Par Value $.01 13,636 $ 0 0 D
Employee Stock Option (Right to Buy) $ 26.92 02/27/2013 M 39,025 ( 7 ) 02/07/2020 Common Stock, Par Value $.01 39,025 $ 0 13,009 D
Employee Stock Option (Right to Buy) $ 36.11 02/27/2013 M 17,690 ( 8 ) 02/06/2021 Common Stock, Par Value $.01 17,690 $ 0 17,690 D
Employee Stock Option (Right to Buy) $ 37.48 02/27/2013 M 6,982 ( 9 ) 02/14/2022 Common Stock, Par Value $.01 6,982 $ 0 20,948 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MELTON CAROL A
ONE TIME WARNER CENTER
NEW YORK, NY10019-8016
Executive Vice President
Signatures
By: Brenda C. Karickhoff for Carol A. Melton 02/28/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This transaction was executed in multiple trades at prices ranging from $53.00 to $53.22. The price reported above reflects the weighted average sale price.
( 2 )The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, Time Warner Inc. or a security holder of Time Warner Inc., full information regarding the number of shares and prices at which each transaction was effected.
( 3 )The Time Warner Savings Plan, a qualified employee benefit plan (the "Savings Plan"). Includes shares of common stock acquired through the reinvestment of dividends paid on the common stock held by the Savings Plan.
( 4 )The Reporting Person disclaims beneficial ownership of these shares, which are held by her spouse.
( 5 )The Reporting Person disclaims beneficial ownership of these shares, which were purchased in her spouse's 401(k) plan.
( 6 )This option is currently exercisable.
( 7 )This option becomes exercisable in increments of 25% on the first four anniversaries of the date of grant, February 8, 2010.
( 8 )This option becomes exercisable in increments of 25% on the first four anniversaries of the date of grant, February 7, 2011.
( 9 )This option becomes exercisable in increments of 25% on the first four anniversaries of the date of grant, February 15, 2012.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.