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: Alpert-Romm Adria (Chief Human Resources Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-26	Series A Common Stock	A	3137	$0.00	Acquired	16526	Direct
2016-02-26	Series A Common Stock	F	161	$25.08	Disposed	16365	Direct
2016-02-26	Series C Common Stock	A	3137	$0.00	Acquired	15962	Direct
2016-02-26	Series C Common Stock	F	161	$24.58	Disposed	15801	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: This option vests in four equal annual installments beginning February 26, 2017.