TIME WARNER INC

CUSIP: 887317303 Class: COM NEW

FOX RUN MANAGEMENT, L.L.C.'s Holding History (CIK: 0001533457)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016
Shares 8,300 Value ($000) $602 Avg Close — Range —
Q4 2015
Shares 6,300 Value ($000) $407 Avg Close — Range —