Warner Music Group Corp. — Director's Dealing 2011

Mar 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Warner Music Group Corp. (wmg)
CIK: 0001319161
Period of Report: 2011-03-15

Reporting Person: BONNIE SHELBY W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-15	Common Stock, par value $0.001 per share	A	14388	$5.56	Acquired	84952	Direct

Footnotes

F1: Common stock granted pursuant to a Director Resitricted Stock Award Agreement in accordance with the Company's currently established compensation policies with respect to independent directors. Shares represent 50% of such director's annual director compensation based on a fair market value on the date of grant (calc. as the closing price on the grant date in accordance with the terms of the Company's Amended and Restated 2005 Omnibus Award Plan). Shares will be delivered to reporting person upon vesting. Shares vest on February 22, 2012, the one-year anniversary of the Company's Annual Meeting for the preceding fiscal year.