Walt Disney Co — Director's Dealing 2019

Dec 20, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Walt Disney Co (DIS)
CIK: 0001744489
Period of Report: 2019-12-19

Reporting Person: WOODFORD BRENT (EVP, Control, Fin Plan & Tax)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-19	Disney Common Stock	M	2202.9804	$146.0586	Acquired	35606.9804	Direct
2019-12-19	Disney Common Stock	F	1093.9804	$146.0586	Disposed	34513	Direct
2019-12-19	Disney Common Stock	M	3515	$146.0586	Acquired	38028	Direct
2019-12-19	Disney Common Stock	F	1743	$146.0586	Disposed	36285	Direct
2019-12-19	Disney Common Stock	S	739	$146.32	Disposed	35546	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-19	Restricted Stock Unit	$	M	2202.9804	Disposed	2019-12-19	Disney Common Stock (2202.9804)	Direct
2019-12-19	Restricted Stock Unit	$	M	3515	Disposed	2019-12-19	Disney Common Stock (3515.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Disney Common Stock	282.955	Indirect
Disney Common Stock	100	Indirect

Footnotes

F1: Vesting of shares connected with grant under The Walt Disney Company's 2002 Executive Performance Plan and 2011 Stock Incentive Plan. Includes dividend equivalents credited with respect to the award, pursuant to the terms thereof.

F2: The 1,093.9804 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: The 1,743 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.

F4: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.

F5: Shares held in The Walt Disney Stock Fund as of December 19, 2019. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.

F6: Converts at 1-for-1.