Warner Music Group Corp. — Director's Dealing 2006

Feb 21, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Warner Music Group Corp. (WMG)
CIK: 0001319161
Period of Report: 2006-02-17

Reporting Person: Vien Patrick (CEO - Warner Music Int'l)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-17	Stock Option (Right to Buy)	$20.57	A	250000	Acquired	2016-02-17	Common Stock, par value $.001 (250000)	Direct

Footnotes

F1: This option becomes exercisable in increments of 25% on the first four anniversaries of the date of grant, February 17, 2006.