| INSIDER TRANSACTIONS REPORTED - LAST TWO YEARS |
| Date | Insider | Shares | Type | Transaction | Value* | | 25-Nov-09 | LAUDER RONALD S Director | 3,381,903 | Indirect | Disposition (Non Open Market) at $0 per share. | N/A | | 25-Nov-09 | LAUDER RONALD S Director | 3,321,903 | Indirect | Acquisition (Non Open Market) at $0 per share. | N/A | | 18-May-09 | TIME WARNER INC. Director | 14,500,000 | Direct | Acquisition (Non Open Market) at $12 per share. | $174,000,000 | | 31-Jul-08 | FRANK CHARLES R JR Director | 3,200 | Direct | Option Exercise at $10.90 per share. | $34,880 | | 9-Jun-08 | KLOIBER HERBERT Director | 1,500 | Direct | Option Exercise at $58.85 per share. | $88,275 | | 9-Jun-08 | KLOIBER HERBERT Director | 1,500 | Direct | Sale at $101.49 per share. | $152,235 | | 5-Jun-08 | KLOIBER HERBERT Director | 5,000 | Direct | Option Exercise at $89.79 per share. | $448,950 | | 5-Jun-08 | KLOIBER HERBERT Director | 5,000 | Direct | Sale at $104.63 per share. | $523,150 | | 12-Mar-08 | MACMILLAN WALLACE Officer | 587 | Direct | Purchase at $84.48 per share. | $49,589 | | 10-Dec-07 | MAGGIN BRUCE Director | 8,000 | Direct | Option Exercise at $22.11 per share. | $176,880 | | 10-Dec-07 | MAGGIN BRUCE Director | 8,000 | Direct | Sale at $115.96 per share. | $927,680 |
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* = Where indicated, some values are estimates. 1 = Potential proceeds estimated by the filer. 2 = Estimated based on the average of multiple prices reported. 3 = Multiple dates reported. Most recent date shown. |
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