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

May 13, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2014-05-09

Reporting Person: ROBISON M LAVOY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-09	Series A Common Stock	M	661	$10.78	Acquired	9547	Direct
2014-05-09	Series C Common Stock	M	661	$10.637	Acquired	1291	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-09	Director Stock Option (right to acquire)	$10.78	M	661	Disposed	2014-06-01	Series A Common Stock (661)	Direct
2014-05-09	Director Stock Option (right to acquire)	$10.637	M	661	Disposed	2014-06-01	Series C Common Stock (661)	Direct

Footnotes

F1: These options are fully vested and exercisable.