FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Walt Disney Co [ DIS ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/17/2021 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Disney Common Stock | 12/17/2021 | M | 2,774(1) | A | (2) | 2,774 | D | |||
Disney Common Stock | 12/17/2021 | F | 1,311(3) | D | $148.205 | 1,463 | D | |||
Disney Common Stock | 12/17/2021 | M | 7,209(4)(5) | A | (2) | 8,672 | D | |||
Disney Common Stock | 12/17/2021 | F | 3,575(6) | D | $148.205 | 5,097 | D | |||
Disney Common Stock | 12/19/2021 | M | 2,125(7) | A | (2) | 7,222 | D | |||
Disney Common Stock | 12/19/2021 | F | 1,005(8) | D | $148.205 | 6,217 | D | |||
Disney Common Stock | 12/19/2021 | M | 3,552(9) | A | (2) | 9,769 | D | |||
Disney Common Stock | 12/19/2021 | F | 1,678(10) | D | $148.205 | 8,091 | D | |||
Disney Common Stock | 12/19/2021 | M | 6,645.9744(11) | A | (2) | 14,736.9744 | D | |||
Disney Common Stock | 12/19/2021 | F | 3,296.9744(12) | D | $148.205 | 11,440 | D | |||
Disney Common Stock | 3,555.581(13) | I | By 401(k) | |||||||
Disney Common Stock | 91 | I | By Trust | |||||||
Disney Common Stock | 123(14) | I | By Adult Child |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Unit | (2) | 12/17/2021 | M | 2,774 | (1) | (1) | Disney Common Stock | 2,774 | $0 | 5,547 | D | ||||
Restricted Stock Unit | (2) | 12/17/2021 | M | 7,209 | (4)(5) | (5) | Disney Common Stock | 7,209 | $0 | 14,418 | D | ||||
Restricted Stock Unit | (2) | 12/19/2021 | M | 2,125 | (7) | 12/19/2021 | Disney Common Stock | 2,125 | $0 | 0 | D | ||||
Restricted Stock Unit | (2) | 12/19/2021 | M | 3,552 | (9) | (9) | Disney Common Stock | 3,552 | $0 | 3,552 | D | ||||
Restricted Stock Unit | (2) | 12/19/2021 | M | 6,645.9744 | (11) | 12/19/2021 | Disney Common Stock | 6,645.9744 | $0 | 0 | D |
Explanation of Responses: |
1. Vesting of shares connected with grant under The Walt Disney Company's 2011 Amended and Restated Stock Plan.The remaining stock units vest as to 2,774 stock units on December 17, 2022, and as to 2,773 stock units on December 17, 2023. |
2. Restricted stock units convert into common stock at 1-for-1. |
3. The 1,311 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. |
4. The Form 4 filed on December 18, 2020, inadvertently reported that the award vested in four equal installments on each December 17 of 2021 through 2024 due to an administrative error. In fact, the award vests in three equal installments on each December 17 of 2021 through 2023. |
5. Vesting of shares connected with grant under The Walt Disney Company's 2011 Amended and Restated Stock Plan. The remaining stock units vest as to 7,209 stock units on each December 17 of 2022 and 2023 |
6. The 3,575 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. |
7. Vesting of shares connected with grant under The Walt Disney Company's 2011 Amended and Restated Stock Plan. Includes dividend equivalents credited with respect to the award, pursuant to the terms thereof. |
8. The 1,005 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. |
9. Vesting of shares connected with grant under The Walt Disney Company's 2011 Amended and Restated Stock Plan. Includes dividend equivalents credited with respect to the award, pursuant to the terms thereof. The remaining 3,552 stock units vest on December 19, 2022. |
10. The 1,678 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. |
11. Vesting of shares connected with grant under The Walt Disney Company's 2011 Amended and Restated Stock Plan, previously reported on a Form 4 dated December 2, 2021. Includes dividend equivalents credited with respect to the award, pursuant to the terms thereof. |
12. The 3,296.9744 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. |
13. Shares held in The Walt Disney Stock Fund as of December 17, 2021. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions. |
14. The reporting person may be deemed to have acquired beneficial ownership of these shares upon his adult child moving into his household. |
Remarks: |
/s/ Jolene E. Negre, as attorney-in-fact | 12/21/2021 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |