Edgar Filing: MELTON CAROL A

Ownership Submission

FORM 5

	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Form 3 Holdings Reported
	Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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

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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. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2011

(Street)

NEW YORK,Â NYÂ 10019-8016

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Reporting
(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 (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, Par Value $.01	03/12/2008	Â	L5	41.423 ⁽¹⁾ ⁽²⁾	A	$ 14.8468 ⁽³⁾	6,139.808 ⁽⁴⁾	I	By Spouse ⁽⁷⁾
Common Stock, Par Value $.01	06/11/2008	Â	L5	40.979 ⁽¹⁾ ⁽²⁾	A	$ 15.0709 ⁽³⁾	6,153.468 ⁽⁴⁾	I	By Spouse ⁽⁷⁾
Common Stock, Par Value $.01	09/10/2008	Â	L5	40.747 ⁽¹⁾ ⁽²⁾	A	$ 15.2195 ⁽³⁾	6,167.05 ⁽⁴⁾	I	By Spouse ⁽⁷⁾
Common Stock, Par Value $.01	12/10/2008	Â	L5	63.286 ⁽¹⁾ ⁽²⁾	A	$ 9.8395 ⁽³⁾	6,188.145 ⁽⁴⁾	I	By Spouse ⁽⁷⁾
Common Stock, Par Value $.01	06/10/2009	Â	L5	23.754 ⁽¹⁾	A	$ 26.3796 ⁽⁵⁾	6,211.754 ⁽⁴⁾ ⁽⁶⁾	I	By Spouse ⁽⁷⁾
Common Stock, Par Value $.01	09/10/2009	Â	L5	21.728 ⁽¹⁾	A	$ 29.0451 ⁽⁵⁾	6,233.482	I	By Spouse ⁽⁷⁾
Common Stock, Par Value $.01	12/04/2009	Â	L5	20.35 ⁽¹⁾	A	$ 31.2117 ⁽⁵⁾	6,253.832	I	By Spouse ⁽⁷⁾
Common Stock, Par Value $.01	03/10/2010	Â	L5	23.682 ⁽¹⁾	A	$ 30.5786	6,277.514	I	By Spouse ⁽⁷⁾
Common Stock, Par Value $.01	06/10/2010	Â	L5	23.438 ⁽¹⁾	A	$ 31.1113	6,300.952	I	By Spouse ⁽⁷⁾
Common Stock, Par Value $.01	09/10/2010	Â	L5	23.312 ⁽¹⁾	A	$ 31.4933	6,324.264	I	By Spouse ⁽⁷⁾
Common Stock, Par Value $.01	12/10/2010	Â	L5	23.308 ⁽¹⁾	A	$ 31.7114	6,347.572	I	By Spouse ⁽⁷⁾
Common Stock, Par Value $.01	03/10/2011	Â	L	22.886 ⁽¹⁾	A	$ 35.9545	6,370.458	I	By Spouse ⁽⁷⁾
Common Stock, Par Value $.01	06/10/2011	Â	L	23.793 ⁽¹⁾	A	$ 34.8112	6,394.251	I	By Spouse ⁽⁷⁾
Common Stock, Par Value $.01	09/12/2011	Â	L	28.827 ⁽¹⁾	A	$ 28.9254	6,423.078	I	By Spouse ⁽⁷⁾
Common Stock, Par Value $.01	12/12/2011	Â	L	24.689 ⁽¹⁾	A	$ 34.0486	6,447.767	I	By Spouse ⁽⁷⁾
Common Stock, Par Value $.01	Â	Â	Â	Â	Â	Â	21,684	D	Â
Common Stock, Par Value $.01	Â	Â	Â	Â	Â	Â	321	I	By Savings Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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SEC 2270 (9-02)

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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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
(Month/Day/Year)

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 at End of Issuer's Fiscal Year
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
MELTON CAROL A ONE TIME WARNER CENTER NEW YORK,Â NYÂ 10019-8016	Â	Â	Â Executive Vice President	Â

Signatures

By: Brenda C. Karickhoff for Carol A. Melton		02/09/2012
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Shares purchased pursuant to broker-administered dividend reinvestment of the Issuer's common stock.
(2)	The number of shares acquired have not been adjusted to reflect a one-for-three reverse stock split of the Issuer's common stock that became effective on March 27, 2009 (the "Reverse Stock Split").
(3)	The purchase price has not been adjusted to reflect (a) the Reverse Stock Split, (b) the separation of Time Warner Cable Inc. from the Issuer on March 12, 2009 or (c) the separation of AOL Inc. from the Issuer on December 9, 2009 (the "AOL Separation").
(4)	The amount of securities beneficially owned has been adjusted to reflect the Reverse Stock Split. Pursuant to the exemption under Rule 16a-9(a) of the Securities and Exchange Act of 1934, these adjustment transactions are not required to be reported.
(5)	The purchase price has not been adjusted to reflect the AOL Separation.
(6)	The amount of securities beneficially owned does not include any fractional shares resulting from the Reverse Stock Split because stockholders received cash in lieu of any fractional shares. Pursuant to the exemption under Rule 16a-9(a) of the Securities and Exchange Act of 1934, this disposition is not required to be reported.
(7)	Shares held by the Reporting Person's spouse as to which the Reporting Person disclaims beneficial ownership.

Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

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