X0202 4 2007-11-27 0001001039 WALT DISNEY CO/ DIS 0001205861 STAGGS THOMAS O 500 SOUTH BUENA VISTA STREET BURBANK CA 91521 1 Sr. EVP & Chief Finan. Officer Disney Common Stock 2007-11-27 4 A 0 39239.78 31.25 A 225499.78 D Disney Common Stock 2007-11-27 4 F 0 17955.78 31.25 D 207544 D Disney Common Stock 900 I As Trustee Disney Common Stock 6326.51 I By 401(k) Awarded upon achievment of performance criteria for long-term incentive awards made during the Company's 2005 fiscal year as set forth in the table entitled 'Long-Term Incentives' in the Company's proxy statement for its 2006 annual meeting of shareholders. Performance-based restricted stock units vested on November 27, 2007 and are payable in shares of Disney Common Stock within 30 days of such date. Includes dividend equivalents credited with respect to the award, pursuant to the terms thereof. The 17,955.78 shares reported as a disposition represent an automatic reduction of shares issued to the reporting person to discharge withholding tax obligations of reporting person and do not constitute an actual sale or other open-market transaction. The reporting person is a trustee of a Charitable Remainder Unitrust in which members of his family are beneficiaries. This report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose. Shares held in The Walt Disney Stock Fund as of November 27, 2007. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions. Joseph M. Santaniello (POA on file) 2007-12-10