X0202 4 2007-01-10 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 Phantom Stock Unit Award (Bonus Related) 2007-01-10 4 A 0 12257 0 A Disney Common Stock 12257.00 12257.00 D Stock Option (Right to Buy) 34.27 2007-01-10 4 A 0 92000 0 A 2014-01-10 Disney Common Stock 92000.00 92000.00 D Converts at 1-for-1. This Stock Unit Award was granted under the 2002 Executive Performance Plan of The Walt Disney Company (the 'Company') and the Amended and Restated 2005 Stock Incentive Plan of the Company, in a transaction exempt under Rule 16b-3. The award constitutes a portion of the annual bonus granted by the Company to the reporting person for the Company's 2006 fiscal year. The award is scheduled to vest as to 6,128 stock units on January 10, 2009 and as to the remaining 6,129 stock units on January 10, 2011. Options were granted under the Company's Amended and Restated 2005 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The options vest in four equal installments on each January 10 of 2008 through 2011. In connection with this stock option award, the reporting person also was awarded 45,540 restricted stock units whose vesting is subject to performance vesting criteria. By: Joseph M. Santaniello (POA on file) 2007-01-12