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 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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(Print or Type Responses)

1. Name and Address of Reporting Person * EINHORN JESSICA P   2. Issuer Name and Ticker or Trading Symbol TIME WARNER INC. [TWX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) ONE TIME WARNER CENTER 3. Date of Earliest Transaction (Month/Day/Year) 10/28/2015 (Street) NEW YORK, NY 10019 4. If Amendment, Date Original Filed(Month/Day/Year) 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 (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 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 10/28/2015   M(1)   4,019 A $ 43 24,934 D   Common Stock, Par Value $.01 10/28/2015   M(1)   4,019 A $ 32.61 28,953 D   Common Stock, Par Value $.01 10/28/2015   M(1)   4,880 A $ 35.27 33,833 D   Common Stock, Par Value $.01 10/28/2015   M(1)   5,336 A $ 33.81 39,169 D   Common Stock, Par Value $.01 10/28/2015   M(1)   2,996 A $ 56.83 42,165 D   Common Stock, Par Value $.01 10/28/2015   S(1)   21,250 (2) (3) D $ 75 20,915 D

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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 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

Director Stock Option (Right to Buy)

$ 43

10/28/2015

M(1)

4,019

(4)

05/18/2017

Common Stock, Par Value $.01

4,019

$ 0

0

D

Director Stock Option (Right to Buy)

$ 32.61

10/28/2015

M(1)

4,019

(4)

05/16/2018

Common Stock, Par Value $.01

4,019

$ 0

0

D

Director Stock Option (Right to Buy)

$ 35.27

10/28/2015

M(1)

4,880

(4)

05/20/2021

Common Stock, Par Value $.01

4,880

$ 0

0

D

Director Stock Option (Right to Buy)

$ 33.81

10/28/2015

M(1)

5,336

(4)

05/15/2022

Common Stock, Par Value $.01

5,336

$ 0

0

D

Director Stock Option (Right to Buy)

$ 56.83

10/28/2015

M(1)

2,996

(4)

05/23/2023

Common Stock, Par Value $.01

2,996

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
EINHORN JESSICA P ONE TIME WARNER CENTER NEW YORK, NY 10019	X

Signatures

By: Brenda C. Karickhoff for Jessica P. Einhorn		10/29/2015
**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)	This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 8, 2015.
(2)	This transaction was executed in multiple trades at prices ranging from $75.00 to $75.01. The price reported above reflects the weighted average sale price.
(3)	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.
(4)	This option is currently exercisable.

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