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

Feb 27, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2017-02-23

Reporting Person: Campbell Bruce (Chief Dev Dist & Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-23	Series A Common Stock	A	14003	$0.00	Acquired	54282	Direct
2017-02-23	Series C Common Stock	A	14003	$0.00	Acquired	51708	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-23	Employee Stock Option (right to acquire)	$29.50	A	174678	Acquired	2024-02-23	Series A Common Stock (174678)	Direct

Footnotes

F1: These shares represent performance-based restricted stock units. On February 23, 2017, the Compensation Committee certified that applicable performance goals had been satisfied.

F2: Includes acquisitions of 295 and 517 shares under the Discovery Employee Stock Purchase Plan on May 20, 2016 and February 14, 2017, respectively.

F3: This option vests in four equal annual installments beginning February 23, 2018.