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

Mar 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2016-02-26

Reporting Person: Leavy David (Chief Communications Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-26	Series A Common Stock	A	2557	$0.00	Acquired	15328	Direct
2016-02-26	Series C Common Stock	A	2557	$0.00	Acquired	13223	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-26	Employee Stock Option (right to acquire)	$25.08	A	50134	Acquired	2023-02-26	Series A Common Stock (50134)	Direct

Footnotes

F1: These shares represent performance-based restricted stock units. On February 26, 2016, the Compensation Committee certified that applicable performance goals had been satisfied.

F2: Includes acquisitions of 290, 379, 26 and 428 shares under the Discovery Employee Stock Purchase Plan on May 14, 2015, August 14, 2015, November 13, 2015 and February 12, 2016, respectively.

F3: This option vests in four equal annual installments beginning February 26, 2017.