X0303 4 2009-01-10 0001001039 WALT DISNEY CO/ DIS 0001270528 BRAVERMAN ALAN N 500 SOUTH BUENA VISTA STREET BURBANK CA 91521 1 Sr EVP, General Counsel & Secy Disney Common Stock 2009-01-10 4 A 0 23334.835 22.6739 A 145543.795 D Disney Common Stock 2009-01-10 4 M 0 6280.362 22.6739 A 151824.157 D Disney Common Stock 2009-01-10 4 F 0 2246.362 22.6739 D 149577.795 D Disney Common Stock 2009-01-10 4 F 0 9807.835 22.6739 D 139769.96 D Disney Common Stock 7245.3643 I By 401(k) Phantom Stock Unit Award (Bonus Related) 0 2009-01-10 4 M 0 6280.362 0 D Disney Common Stock 6280.362 6128 D Awarded upon achievement of performance criteria for long-term incentive awards made during the Company's 2007 fiscal year as set forth in the table entitled 'Fiscal 2007 Grants of Plan Based Awards' in the Company's proxy statement for its 2008 annual meeting of shareholders. Performance-based restricted stock units vested on January 10, 2009 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. Vesting of shares connected with grant under The Walt Disney Company's 2002 Executive Performance Plan and Amended and Restated 1995 Stock Incentive Plan, previously reported on a Form 4 dated January 12, 2007. Includes dividend equivalents credited with respect to the award, pursuant to the terms thereof. The 2246.3620 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 total also reflects a deduction for cash paid in lieu of fractional shares upon conversion of previously-granted units to shares. The 9807.835 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 total also reflects a deduction for cash paid in lieu of fractional shares upon conversion of previously-granted units to shares. Shares held in The Walt Disney Stock Fund as of January 9, 2009. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions. Converts at 1-for-1. Stock unit award vested as to 50% on January 10, 2009 and is scheduled to vest as to the remaining 50% on January 10, 2011. Joseph M. Santaniello (POA on file) 2009-01-13