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

May 5, 2017

30161_dirs_2017-05-05_c20ee73a-cde3-46de-a301-4a215f788a01.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: 2017-05-03

Reporting Person: WARGO J DAVID (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-03	Series A Common Stock	M	6013	$9.73	Acquired	43793	Direct
2017-05-03	Series A Common Stock	M	3025	$19.082	Acquired	46818	Direct
2017-05-03	Series C Common Stock	M	6013	$9.437	Acquired	52540	Direct
2017-05-03	Series C Common Stock	M	6013	$9.456	Acquired	58553	Direct
2017-05-03	Series C Common Stock	M	6013	$9.456	Acquired	64566	Direct
2017-05-03	Series C Common Stock	M	3025	$18.508	Acquired	67591	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-03	Director Stock Option (right to acquire)	$9.73	M	6013	Disposed	2017-05-16	Series A Common Stock (6013)	Direct
2017-05-03	Director Stock Option (right to acquire)	$19.082	M	3025	Disposed	2017-05-05	Series A Common Stock (3025)	Direct
2017-05-03	Director Stock Option (right to acquire)	$9.437	M	6013	Disposed	2017-05-16	Series C Common Stock (6013)	Direct
2017-05-03	Director Stock Option (right to acquire)	$9.456	M	6013	Disposed	2017-05-16	Series C Common Stock (6013)	Direct
2017-05-03	Director Stock Option (right to acquire)	$9.456	M	6013	Disposed	2017-05-16	Series C Common Stock (6013)	Direct
2017-05-03	Director Stock Option (right to acquire)	$18.508	M	3025	Disposed	2017-05-05	Series C Common Stock (3025)	Direct

Footnotes

F1: This option is fully vested and exercisable.