FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
GEFFEN DAVID

(Last)(First)(Middle)
C/O DG-DW, L.P., 12011 SAN VINCENTE BLVD., SUITE 606

(Street)
LOS ANGELESCA90049

(City)(State)(Zip)
2. Issuer Name and Ticker or Trading Symbol
DreamWorks Animation SKG, Inc. [DWA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/27/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
CodeVAmount(A) or (D)Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B Common Stock, par value $0.01 per share (2) 08/27/2008 G(3)V  465,000  (2) (2) Class A Common Stock 465,000 (2) 642,500 D (4)  
Class B Common Stock, par value $0.01 per share (2)        (2) (2) Class A Common Stock 642,500   2,938,230 I See Note (1)
1. Name and Address of Reporting Person*
GEFFEN DAVID

(Last)(First)(Middle)
C/O DG-DW, L.P., 12011 SAN VINCENTE BLVD., SUITE 606

(Street)
LOS ANGELESCA90049

(City)(State)(Zip)
1. Name and Address of Reporting Person*
DG-DW, L.P.

(Last)(First)(Middle)
C/O DG-DW, L.P., 12011 SAN VINCENTE BLVD., SUITE 606

(Street)
LOS ANGELESCA90049

(City)(State)(Zip)
1. Name and Address of Reporting Person*
DG-DW, Inc.

(Last)(First)(Middle)
C/O DG-DW, L.P., 12011 SAN VINCENTE BLVD, SUITE 606

(Street)
LOS ANGELESCA90049

(City)(State)(Zip)
Explanation of Responses:
1. The reported securities are owned directly by DG-DW, L.P. and DG-DW, Inc., the general partner of DG-DW, L.P., and indirectly by David Geffen, as the President of DG-DW, Inc. David Geffen disclaims beneficial ownership of the shares held by DG-DW, L.P. and DG-DW, Inc., except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 for any other purpose.
2. The Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis. The Class B Common Stock is immediately convertible and does not expire.
3. Represents a bona fide gift of common stock by the Reporting Person. In connection with such gift, shares of Class B Common Stock were converted into Class A Common Stock prior to delivery to the donee.
4. Includes shares distributed from DG-DW, L.P. pro rata and without consideration.
 
Remarks:
This report is filed jointly by David Geffen, DG-DW, Inc. and DG-DW, L.P.
/s/David Geffen08/28/2008
/s/ Richard Sherman, as Chief Financial Officer of DG-DW Inc., as general partner of DG-DW, L.P.08/28/2008
/s/ Richard Sherman, as Chief Financial Officer of DG-DW Inc.08/28/2008
** Signature of Reporting PersonDate
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 4(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.



 
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