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

May 18, 2017

30161_dirs_2017-05-18_b8069516-0a6b-4795-92ac-6dfe7f44eeb2.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: BENNETT ROBERT R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-16	Series A Common Stock	M	5582	$9.731	Acquired	37143	Direct
2017-05-16	Series A Common Stock	F	2124	$25.58	Disposed	35019	Direct
2017-05-16	Series C Common Stock	M	5582	$9.439	Acquired	22966	Direct
2017-05-16	Series C Common Stock	M	5582	$9.455	Acquired	28548	Direct
2017-05-16	Series C Common Stock	M	5582	$9.455	Acquired	34130	Direct
2017-05-16	Series C Common Stock	F	6380	$24.81	Disposed	27750	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-16	Director Stock Option (right to acquire)	$9.731	M	5582	Disposed	2017-05-16	Series A Common Stock (5582)	Direct
2017-05-16	Director Stock Option (right to acquire)	$9.439	M	5582	Disposed	2017-05-16	Series C Common Stock (5582)	Direct
2017-05-16	Director Stock Option (right to acquire)	$9.455	M	5582	Disposed	2017-05-16	Series C Common Stock (5582)	Direct
2017-05-16	Director Stock Option (right to acquire)	$9.455	M	5582	Disposed	2017-05-16	Series C Common Stock (5582)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series A Common Stock	54913	Indirect
Series C Common Stock	164799	Indirect

Footnotes

F1: This option is fully vested and exercisable.