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Warner Bros. Discovery, Inc. Director's Dealing 2016

May 12, 2016

30161_dirs_2016-05-12_58417d17-360f-4911-8f79-606601505266.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2016-05-10

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-05-10 Series C Common Stock S 183637 $28.04 Disposed 11763240 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Series C Common Stock 1316424 Indirect

Footnotes

F1: Pursuant to a plan entered into in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934.

F2: The price reported represents the weighted average sales price of shares of Series C common stock sold in multiple transactions at prices ranging from $28.00 to $28.20 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.

F3: The reporting person disclaims beneficial ownership of the shares owned by his spouse.