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

Nov 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2011-11-08

Reporting Person: HENDRICKS JOHN S (Director, Founder)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-08	Series A Common Stock	G	4575	—	Disposed	1743375	Direct
2011-11-09	Series A Common Stock	S	218400	$42.14	Disposed	1524975	Direct
2011-11-09	Series A Common Stock	S	81600	$42.99	Disposed	1443375	Direct
2011-11-10	Series A Common Stock	S	200000	$41.59	Disposed	1243375	Direct

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 $41.76 to $42.75 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 price reported represents the weighted average sales price of shares of Series A common stock sold in multiple transactions at prices ranging from $42.76 to $43.32 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.

F3: The price reported represents the weighted average sales price of shares of Series A common stock sold in multiple transactions at prices ranging from $41.49 to $41.79. 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.