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Warner Bros. Discovery, Inc. Director's Dealing 2017

May 18, 2017

30161_dirs_2017-05-18_a255dd93-d392-4c78-b270-9fa5145ab33d.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: 2017-05-16

Reporting Person: ROBISON M LAVOY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-16	Series A Common Stock	M	6013	$9.73	Acquired	38970	Direct
2017-05-16	Series A Common Stock	F	2288	$25.58	Disposed	36682	Direct
2017-05-16	Series C Common Stock	M	6013	$9.437	Acquired	42727	Direct
2017-05-16	Series C Common Stock	M	6013	$9.456	Acquired	48740	Direct
2017-05-16	Series C Common Stock	M	6013	$9.456	Acquired	54753	Direct
2017-05-16	Series C Common Stock	F	6872	$24.81	Disposed	47881	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-16	Director Stock Option (right to acquire)	$9.73	M	6013	Disposed	2017-05-16	Series A Common Stock (6013)	Direct
2017-05-16	Director Stock Option (right to acquire)	$9.437	M	6013	Disposed	2017-05-16	Series C Common Stock (6013)	Direct
2017-05-16	Director Stock Option (right to acquire)	$9.456	M	6013	Disposed	2017-05-16	Series C Common Stock (6013)	Direct
2017-05-16	Director Stock Option (right to acquire)	$9.456	M	6013	Disposed	2017-05-16	Series C Common Stock (6013)	Direct

Footnotes

F1: This option is fully vested and exercisable.