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Warner Bros. Discovery, Inc. — Director's Dealing 2011
May 4, 2011
30161_dirs_2011-05-04_4adaede9-6c56-44e6-8f8b-0f6af1ebc9dc.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: 2011-05-02
Reporting Person: Colan Thomas (EVP & Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-05-02 | Series A Common Stock | M | 21508 | $20.33 | Acquired | 28257 | Direct |
| 2011-05-02 | Series A Common Stock | D | 21508 | $45.27 | Disposed | 6749 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-05-02 | DAP Units | $20.33 | M | 21508 | Disposed | 2012-04-15 | Series A Common Stock (21508) | Direct |
Footnotes
F1: The DAP Units in respect of these shares of stock vested and became payable on April 15, 2011. Under the terms of the DAP, however, the amounts payable in respect of the vested units are calculated based on the average closing prices for the 10 trading days preceding and including the vesting date and the 10 trading days after the vesting date. The DAP Units are cash-settled awards.
F2: These DAP Units vest in four annual installments beginning April 15, 2009. On vesting, the DAP Units are automatically settled in cash.