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: Campbell Bruce (Chief Dev Officer&Genl Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-26	Series A Common Stock	A	15681	$0.00	Acquired	45058	Direct
2016-02-26	Series C Common Stock	A	15681	$0.00	Acquired	43296	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	160427	Acquired	2023-02-26	Series A Common Stock (160427)	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 389, 54 and 570 shares under the Discovery Employee Stock Purchase Plan on May 14, 2015, August 14, 2015 and February 12, 2016, respectively.

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