UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
     
 
SCHEDULE 13G/A
(Amendment No. 1)*
 
Under the Securities Exchange Act of 1934
     
 
The Walt Disney Company
 
(Name of Issuer)
 

 
Common Stock
(Title of Class of Securities)
 
254687106
(CUSIP Number)
 
December 31, 2015
(Date of Event Which Requires Filing of this Statement)
     
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
o Rule 13d-1(b)
 
x Rule 13d-1(c)
 
o Rule 13d-1(d)
 
*
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
 
 
 
 
 
 CUSIP No. 254687106  Schedule 13G/A   Page 2 of 6 Pages
 
1
NAMES OF REPORTING PERSONS
Laurene Powell Jobs Trust
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) o
  
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
California
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
0
6
SHARED VOTING POWER
118,842,808 (1)
7
SOLE DISPOSITIVE POWER 
0
8
SHARED DISPOSITIVE POWER
118,842,808 (1)
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
118,842,808 (1)
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.3%(2)
12
TYPE OF REPORTING PERSON (See Instructions)
OO
 
(1)
The Laurene Powell Jobs Trust acts through its trustee, Laurene Powell Jobs.
 
(2)
Based on the 1,631,570,150 shares of common stock of The Walt Disney Company (“Common Stock”) outstanding as of February 3, 2016, as reported in The Walt Disney Company’s Quarterly Report on Form 10-Q for the quarterly  period ended January 2, 2016, filed with the Securities and Exchange Commission (the “SEC”) on February 9, 2016.
 
 
 
 
 
 CUSIP No. 254687106  Schedule 13G/A   Page 3 of 6 Pages
 
1
NAMES OF REPORTING PERSONS
Laurene Powell Jobs
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) o
  
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
0
6
SHARED VOTING POWER
128,301,176 (1)
7
SOLE DISPOSITIVE POWER 
0
8
SHARED DISPOSITIVE POWER
128,301,176 (1)
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
128,301,176 (1)
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.9%(2)
12
TYPE OF REPORTING PERSON (See Instructions)
IN
 
(1) 
Consists of (i) 118,842,808 shares of Common Stock held by the Laurene Powell Jobs Trust; (ii) 7,894,945 shares of Common Stock held by the LPJ 2015 GRAT D Trust; (iii) 446,721 shares of Common Stock held by the Eve Claire Jobs Trust; (iv) 446,721 shares of Common Stock held by the Erin Jobs Trust; (v) 446,721 shares of Common Stock held by the Reed Paul Jobs Trust; and (vi) 223,260 shares of Common Stock held by the Lisa Nichole Brennan-Jobs Trust (collectively, the “Trusts”).  Laurene Powell Jobs is the sole trustee of each of the Trusts.

(2) 
Based on the 1,631,570,150 shares of Common Stock outstanding as of February 3, 2016, as reported in The Walt Disney Company’s Quarterly Report on Form 10-Q for the quarterly  period ended January 2, 2016, filed with the SEC on February 9, 2016.
 
 
 
 
 
 CUSIP No. 254687106  Schedule 13G/A   Page 4 of 6 Pages
 
Item 1(a)
Name of Issuer:
 
The Walt Disney Company.
 
Item 1(b)
Address of Issuer’s Principal Executive Offices:
 
500 South Buena Vista Street
Burbank, California 91521
 
Item 2(a)
Name of Person Filing:
 
This Schedule 13G/A is being filed jointly by the Laurene Powell Jobs Trust and Laurene Powell Jobs (each individually a “Reporting Person” and collectively the “Reporting Persons”).

The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G/A as Exhibit 1.  Pursuant to the Joint Filing Agreement, the Reporting Persons have agreed to file this Schedule 13G/A jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act.
 
Item 2(b)
Address of Principal Business Office or, If None, Residence:
 
The address of the principal business office of the Laurene Powell Jobs Trust is:

c/o CTC myCFO
2200 Geng Road, Suite 100
Palo Alto, CA 94303

The address of the principal business office of Laurene Powell Jobs is:

c/o CTC myCFO
2200 Geng Road, Suite 100
Palo Alto, CA 94303
 
Item 2(c)
Citizenship:
 
See Row 4 of cover page.
 
Item 2(d)
Title of Class of Securities:
 
Common Stock, par value $0.01 per share.
 
Item 2(e)
CUSIP Number:
 
254687106
 
Item 3.
Statement Filed Pursuant to Rule 13d-1(b) or 13d-2(b) or (c):
 
Not applicable.
 
 
 
 
 
 CUSIP No. 254687106  Schedule 13G/A   Page 5 of 6 Pages
 
Item 4.
Ownership
 
 
(a)
Amount Beneficially Owned by each Reporting Person:  See Row 9 of cover page.
 
 
(b)
Percent of Class Beneficially Owned by each Reporting Person:  See Row 11 of cover page.
 
 
(c)
Number of shares as to which each Reporting Person has:
 
 
i.
Sole power to vote or to direct the vote: See Row 5 of cover page.
 
 
ii.
Shared power to vote or to direct the vote: See Row 6 of cover page.
 
 
iii.
Sole power to dispose of or to direct the disposition of: See Row 7 of cover page.
 
 
iv.
Shared power to dispose or to direct the disposition of: See Row 8 of cover page.
 
Item 5.
Ownership of Five Percent or Less of a Class
 
 
Not applicable.
 
Item 6.
Ownership of More Than Five Percent on Behalf of Another Person
 
 
Not applicable.
 
Item 7.
Identification and Classification of Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
 
 
Not applicable.
 
Item 8.
Identification and Classification of Members of the Group
 
Not applicable.
 
Item 9.
Notice of Dissolution of Group
 
 
Not applicable.
 
Item 10.
Certifications
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 
 
 
 
 
 CUSIP No. 254687106  Schedule 13G/A   Page 6 of 6 Pages
 
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Dated: February 16, 2016
  Laurene Powell Jobs Trust  
       
 
By:
/s/ Laurene Powell Jobs  
    Laurene Powell Jobs  
    Trustee  
       
 
       
 
 /s/ Laurene Powell Jobs  
  Laurene Powell Jobs