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

Feb 25, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2015-02-17

Reporting Person: Leavy David (Chief Communications Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-17	Series A Common Stock	A	3392	—	Acquired	12264	Direct
2015-02-17	Series C Common Stock	A	3392	—	Acquired	11727	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-23	Employee Stock Option (right to acquire)	$32.335	A	38682	Acquired	2022-02-23	Series A Common Stock (38682)	Direct

Footnotes

F1: These shares represent performance-based restricted stock units. On February 17, 2015, the Compensation Committee certified that applicable performance goals had been satisfied.

F2: Includes acquisitions of 207, 3 and 327 shares under the Discovery Employee Stock Purchase Plan on August 14, 2014, November 14, 2014 and February 13, 2015, respectively.

F3: 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.

F4: This option vests in four equal annual installments beginning February 23, 2016.