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

Jun 3, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2015-06-01

Reporting Person: GOULD PAUL A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-01	Series A Common Stock	M	661	$6.169	Acquired	165567	Direct
2015-06-01	Series A Common Stock	S	661	$34.162	Disposed	164906	Direct
2015-06-01	Series C Common Stock	M	661	$5.984	Acquired	418456	Direct
2015-06-01	Series C Common Stock	M	661	$5.996	Acquired	419117	Direct
2015-06-01	Series C Common Stock	M	661	$5.996	Acquired	419778	Direct
2015-06-01	Series C Common Stock	S	1983	$31.66	Disposed	417795	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-01	Director Stock Option (right to acquire)	$6.169	M	661	Disposed	2015-06-01	Series A Common Stock (661)	Direct
2015-06-01	Director Stock Option (right to acquire)	$5.984	M	661	Disposed	2015-06-01	Series C Common Stock (661)	Direct
2015-06-01	Director Stock Option (right to acquire)	$5.996	M	661	Disposed	2015-06-01	Series C Common Stock (661)	Direct
2015-06-01	Director Stock Option (right to acquire)	$5.996	M	661	Disposed	2015-06-01	Series C Common Stock (661)	Direct

Footnotes

F1: The price reported represents the weighted average sales price of shares of Series C common stock sold in multiple transactions at prices ranging from $31.652 to $31.66 per share. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.

F2: This option is fully vested and exercisable.