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: Campbell Bruce (Chief Dev Officer&Genl Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-02-17	Series A Common Stock	A	10437	—	Acquired	34301	Direct
2015-02-17	Series C Common Stock	A	10437	—	Acquired	33552	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	148280	Acquired	2022-02-23	Series A Common Stock (148280)	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 125, 213, 83 and 453 shares under the Discovery Employee Stock Purchase Plan on May 14, 2014, 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.