X0202 4 2006-02-21 0 0001001039 WALT DISNEY CO/ DIS 0001270528 BRAVERMAN ALAN N 500 SOUTH BUENA VISTA STREET BURBANK CA 91521 0 1 0 0 Sr EVP, General Counsel & Secy Disney Common Stock 2006-02-21 4 M 0 225000 21.41 A 247573.98 D Disney Common Stock 2006-02-21 4 S 0 217000 27.15 D 30573.98 D Disney Common Stock 2006-02-21 4 S 0 5000 27.18 D 25573.98 D Disney Common Stock 2006-02-21 4 S 0 3000 27.19 D 22573.98 D Disney Common Stock 5868.29 I By 401(k) Stock Option (Right to Buy) 21.41 2006-02-21 4 M 0 225000 0 D 2006-03-26 Disney Common Stock 225000.00 0.00 D Shares held in The Walt Disney Company Stock Fund as of February 21, 2006. The fund is one investment option in the 401(k) Plan and contains Company matching contributions. Options were granted under The Walt Disney Company's 1995 Stock Option Plan in a transaction exempt under Rule 16(b)-3. The options vested as to 56,250 shares on each March 26 of 1998 through 2001. By: Joseph M. Santaniello (POA on file) 2006-02-23