SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Macri Steven James

(Last)

(First)

(Middle)

75 ROCKEFELLER PLAZA

(Street)

NEW YORK

10019

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/16/2008

3. Issuer Name and Ticker or Trading Symbol
Warner Music Group Corp. [ WMG ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP, Chief Financial Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (Right to Buy)	⁽¹⁾	02/21/2015	Common Stock, par value $0.001 per share	17,080	$9.14	D
Stock Option (Right to Buy)	⁽²⁾	12/14/2017	Common Stock, par value $0.001 per share	22,000	$6.34	D
Stock Option (Right to Buy)	⁽³⁾	08/14/2018	Common Stock, par value $0.001 per share	175,000	$7.56	D

Explanation of Responses:

1. Mr. Macri's option is scheduled to become vested and exercisable in four equal installments on February 21, 2006, 2007, 2008 and 2009 provided that Mr. Macri remains employed with the Company on each such date.

2. Mr. Macri's option is scheduled to become vested and exercisable in four equal installments on December 14, 2008, 2009, 2010 and 2011 provided that Mr. Macri remains employed with the Company on each such date.

3. Mr. Macri's option is scheduled to become vested and exercisable in four equal installments on August 14, 2009, 2010, 2011 and 2012 provided that Mr. Macri remains employed with the company on each such date.

	/s/ Trent Tappe as attorney-in-fact	09/19/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.