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

Dec 21, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Discovery Communications, Inc. (DISCA)
CIK: 0001437107
Period of Report: 2017-12-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-19	Series A Common Stock	M	7988	$19.676	Acquired	85298	Direct
2017-12-19	Series A Common Stock	S	7988	$22.00	Disposed	77310	Direct
2017-12-19	Series C Common Stock	M	100	$19.084	Acquired	43273	Direct
2017-12-19	Series C Common Stock	S	100	$21.00	Disposed	43173	Direct
2017-12-20	Series C Common Stock	M	7888	$19.084	Acquired	51061	Direct
2017-12-20	Series C Common Stock	S	7888	$21.00	Disposed	43173	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-12-19	Employee Stock Options (right to acquire)	$19.676	M	7988	Disposed	2018-03-16	Series A Common Stock (7988)	Direct
2017-12-19	Employee Stock Options (right to acquire)	$19.084	M	100	Disposed	2018-03-16	Series C Common Stock (7988)	Direct
2017-12-20	Employee Stock Options (right to acquire)	$19.084	M	7888	Disposed	2018-03-16	Series C Common Stock (7888)	Direct

Footnotes

F1: Pursuant to a plan entered into in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934.

F2: This option is fully vested and exercisable.