CAUFIELD FRANK J [Rocket]

Date	Name	Symbol	Type	Security	Shares	Price	Value	Ownership	Reported
05/01/2011	TIME WARNER INC.	TWX	Exercise	Restricted Stock Units	4.7k	$0.00	$0		05/01/2011
05/01/2011	TIME WARNER INC.	TWX	Sale	Common Stock, Par Value $.01	1.27	$37.85	$48.1		05/01/2011