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Warner Bros. Discovery, Inc. Director's Dealing 2011

Mar 9, 2011

30161_dirs_2011-03-09_4f14918c-a1b7-4829-aa99-b7266a6da2e7.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2011-03-07

Reporting Person: MALONE JOHN C (Director, 10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-03-07 Series A Common Stock S 4300 $41.5768 Disposed 548874 Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Series A Common Stock 310329 Direct
Series A Common Stock 268337 Indirect
Series A Common Stock 632865 Indirect

Footnotes

F1: The price reported represents the weighted average sales price of shares of Series A common stock sold in multiple transactions at prices ranging from $41.51 to $41.66 per share. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

F2: The Reporting Person is the sole trustee of, and with his spouse, retains a unitrust interest in the trust.

F3: The Reporting Person disclaims beneficial ownership of the shares owned by his spouse.