Warner Music Group Corp. — Director's Dealing 2011

Jan 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Warner Music Group Corp. (wmg)
CIK: 0001319161
Period of Report: 2011-01-15

Reporting Person: Strang Cameron (CEO, Warner/Chappell)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-15	Stock Option (right to buy)	$5.19	A	400000	Acquired	2021-01-14	Common Stock, par value $0.001 (400000)	Direct

Footnotes

F1: Represents the closing sales price on the grant date pursuant to the terms of the Warner Music Group Corp. 2005 Omnibus Award Plan.

F2: The option generally vests and becomes exercisable in four equal installments on the day prior to each of the first through the fourth anniversaries of the grant date, which was 1/15/2011, subject to the employee's continued employment.