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

Mar 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCK)
CIK: 0001437107
Period of Report: 2016-03-07

Reporting Person: ADVANCE LONG-TERM MANAGEMENT TRUST (10% Owner)
Reporting Person: ADVANCE PUBLICATIONS, INC (10% Owner)
Reporting Person: NEWHOUSE FAMILY HOLDINGS, L.P. (10% Owner)
Reporting Person: NEWHOUSE BROADCASTING CORP (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-07	Series C participating preferred stock	$	G	292500	Acquired		Series C common stock (585000)	Indirect

Footnotes

F1: Each share of Series C preferred stock is convertible pursuant to its terms into two shares of Series C common stock at any time (following a stock split that occurred on August 6, 2014).

F2: Through subsidiaries; each reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.