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

May 27, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2014-05-22

Reporting Person: Leavy David (Chief Communications Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-22	Series A Common Stock	M	637	$32.39	Acquired	8972	Direct
2014-05-22	Series A Common Stock	S	150	$75.87	Disposed	8822	Direct
2014-05-22	Series A Common Stock	S	487	$75.33	Disposed	8335	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-22	Employee Stock Option (right to acquire)	$32.39	M	637	Disposed	2017-03-15	Series A Common Stock (637)	Direct

Footnotes

F1: This option vested in four equal annual installments beginning March 15, 2011.