Warner Bros. Discovery, Inc. — Director's Dealing 2014

Aug 4, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCK)
CIK: 0001437107
Period of Report: 2014-08-04

Reporting Person: ADVANCE LONG-TERM MANAGEMENT TRUST (10% Owner)
Reporting Person: NEWHOUSE FAMILY HOLDINGS, L.P. (10% Owner)
Reporting Person: ADVANCE PUBLICATIONS, INC (10% Owner)
Reporting Person: NEWHOUSE BROADCASTING CORP (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-04	Series C participating preferred stock	$	D	1453478	Disposed		Series C common stock (1453478)	Indirect

Footnotes

F1: The Series C preferred stock is convertible pursuant to its terms into an equal number of shares of Series C common stock at any time.

F2: Through subsidiaries; each reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.

F3: Sold to the issuer in an exempt transaction.