X0202 4 2007-01-03 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 2007-01-03 4 A 0 9075 34.26 A 100799.98 D Disney Common Stock 2007-01-03 4 F 0 3428 34.26 D 97371.98 D Disney Common Stock 2007-01-03 4 M 0 9014 34.26 A 106385.98 D Disney Common Stock 2007-01-03 4 F 0 3407 34.26 D 102978.98 D Disney Common Stock 6064.99 I By 401(k) Phantom Stock Unit Award (Bonus-Related) 2007-01-03 4 M 0 9014 0 D Disney Common Stock 9014.00 8820.00 D 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 Incentive Awards--Awards in Last Fiscal Year' in the Company's proxy statement for its 2006 annual meeting of shareholders. Performance-based restricted stock units vested on January 3, 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 3,428 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. Stock Unit Award vested as to 50% on January 3, 2007 and is scheduled to vest as to the remaining 50% on January 3, 2009. The 3,407 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. Shares held in The Walt Disney Company Stock Fund as of January 4, 2007. The fund is one investment option in the 401(k) Plan and contains Company matching contributions. Converts at 1-for-1. By: Joseph M. Santaniello (POA on file) 2007-01-05