SEC Form 4 · accession 0001001039-18-000251
WALT DISNEY CO/ · DIS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brent Woodford
Officer — EVP, Control, Fin Plan & Tax
Period of report
Dec 19, 2018
Accepted (ET)
Dec 26, 2018 · 10:39 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001001039
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Disney Common StockF1 | Dec 19, 2018 | M | 2,167 | $110.538 | A | 28,914 | D | |
| Disney Common StockF2 | Dec 19, 2018 | F | 1,076 | $110.538 | D | 27,838 | D | |
| Disney Common StockF3 | Dec 20, 2018 | S | 578 | $108.80 | D | 29,207 | D | |
| Disney Common StockF3 | Dec 21, 2018 | S | 763 | $106.88 | D | 28,444 | D | |
| Disney Common Stock | holding | — | — | — | 100 | I | By Spouse in IRA | |
| Disney Common StockF4 | holding | — | — | — | 279 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF5,F1 | — | Dec 19, 2018 | M | 2,167 | D | — | Dec 19, 2018 | Disney Common Stock | 2,167 | 0 | D |
| Stock Option (Right to Buy)F6 | $110.5381 | Dec 19, 2018 | A | 23,683 | A | — | Dec 19, 2028 | Disney Common Stock | 23,683 | 23,683 | D |
| Restricted Stock UnitF5,F7 | — | Dec 19, 2018 | A | 9,228 | A | — | Dec 19, 2022 | Disney Common Stock | 9,228 | 9,228 | D |
Explanation of responses
- F1Vesting 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
- F2The 1,075.8906 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.
- F3The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
- F4Shares held in The Walt Disney Stock Fund as of December 20, 2018. The Fund is one investment option in the 401(k) Plan and contains Company matching contributions.
- F5Converts at 1-for-1.
- F6Options were granted under the Company's 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The options vest in four equal installments on each December 19 of 2019 through 2022.
- F7This restricted stock unit award was granted under the Company's 2011 Stock Incentive Plan in a transaction exempt under Rule 16(b)-3. The award is scheduled to vest in four equal installments on each December 19 of 2019 through 2022