Warner Bros. Discovery, Inc. — Director's Dealing 2012

Mar 28, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2012-03-26

Reporting Person: Colan Thomas (EVP & Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-26	Series A Common Stock	M	2098	$32.39	Acquired	9916	Direct
2012-03-26	Series A Common Stock	M	1597	$38.76	Acquired	11513	Direct
2012-03-26	Series A Common Stock	S	3695	$48.70	Disposed	7818	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-26	Employee Stock Option (right to buy)	$32.39	M	2098	Disposed	2017-03-15	Series A Common Stock (2098)	Direct
2012-03-26	Employee Stock Option (right to buy)	$38.76	M	1597	Disposed	2018-03-16	Series A Common Stock (1597)	Direct

Footnotes

F1: Pursuant to a plan entered into in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934.

F2: This option vests in four equal annual installments beginning March 15, 2011.

F3: This option vests in four equal annual installments beginning March 16, 2012.