Warner Bros. Discovery, Inc. — Director's Dealing 2015

Dec 4, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2015-12-02

Reporting Person: Beck Robert R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-02	Series A Common Stock	M	4900	$7.056	Acquired	38834	Direct
2015-12-02	Series C Common Stock	M	4900	$6.844	Acquired	109789	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-02	Director Stock Option (right to acquire)	$7.056	M	4900	Disposed	2015-12-18	Series A Common Stock (4900)	Direct
2015-12-02	Director Stock Option (right to acquire)	$6.844	M	4900	Disposed	2015-12-18	Series C Common Stock (4900)	Direct

Footnotes

F1: On August 6, 2014, the Issuer distributed shares of its Series C Common Stock as a dividend at a rate of one Series C Common share for every share of Issuer's Series A, Series B and Series C Common Stock outstanding as of July 28, 2014. As a result, the number of the Reporting Person's Series C Common Stock was adjusted for the dividend.

F2: This option is fully vested and exercisable.