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

May 9, 2017

30161_dirs_2017-05-09_c5ae3cdd-f880-4c02-9dbb-624f92100a8e.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: 2017-05-05

Reporting Person: BENNETT ROBERT R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-05	Series A Common Stock	M	3025	$19.082	Acquired	33692	Direct
2017-05-05	Series A Common Stock	F	2131	$27.09	Disposed	31561	Direct
2017-05-05	Series C Common Stock	M	3025	$18.508	Acquired	19500	Direct
2017-05-05	Series C Common Stock	F	2116	$26.46	Disposed	17384	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-05	Director Stock Option (right to acquire)	$19.082	M	3025	Disposed	2017-05-05	Series A Common Stock (3025)	Direct
2017-05-05	Director Stock Option (right to acquire)	$18.508	M	3025	Disposed	2017-05-05	Series C Common Stock (3025)	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.