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

Dec 22, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2015-12-18

Reporting Person: MALONE JOHN C (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-18	Series A Common Stock	M	4900	$7.056	Acquired	324474	Direct
2015-12-18	Series A Common Stock	F	1319	$26.22	Disposed	323155	Direct
2015-12-18	Series C Common Stock	M	4900	$6.844	Acquired	12074583	Direct
2015-12-18	Series C Common Stock	F	1343	$24.98	Disposed	12073240	Direct

Derivative Transactions

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

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Common Stock	268337	Indirect
Series C Common Stock	1316424	Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership of the shares owned by his spouse.

F2: This option is fully vested and exercisable.