Walt Disney Co — Director's Dealing 2019

Dec 24, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walt Disney Co (DIS)
CIK: 0001744489
Period of Report: 2019-12-21

Reporting Person: IGER ROBERT A (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-21	Disney Common Stock	M	78511.8962	$146.825	Acquired	1157095.8962	Direct
2019-12-21	Disney Common Stock	F	38927.8962	$146.825	Disposed	1118168	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-21	Restricted Stock Unit	$	M	78511.8962	Disposed	2019-12-21	Disney Common Stock (78511.8962)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Disney Common Stock	20427.416	Indirect
Disney Common Stock	156	Indirect

Footnotes

F1: Vesting of shares connected with grant under The Walt Disney Company's 2002 Executive Performance Plan and 2011 Stock Incentive Plan, previously reported on a Form 4 dated December 5, 2019. Includes dividend equivalents credited with respect to the award, pursuant to the terms thereof.

F2: The 38,927.8962 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.

F3: Shares held in The Walt Disney Stock Fund as of December 20, 2019. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.

F4: Converts at 1-for-1.