SEC Form 4 · accession 0001181431-15-003393
Warner Bros. Discovery, Inc. · WBD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce Campbell
Officer — Chief Dev Officer&Genl Counsel
Period of report
Feb 17, 2015
Accepted (ET)
Feb 25, 2015 · 6:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001437107
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Series A Common StockF1,F2 | Feb 17, 2015 | A | 10,437 | $0.00 | A | 34,301 | D | |
| Series C Common StockF1,F3 | Feb 17, 2015 | A | 10,437 | $0.00 | A | 33,552 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to acquire)F4 | $32.335 | Feb 23, 2015 | A | 148,280 | A | Feb 23, 2016 | Feb 23, 2022 | Series A Common Stock | 148,280 | 148,280 | D |
Explanation of responses
- F1These shares represent performance-based restricted stock units. On February 17, 2015, the Compensation Committee certified that applicable performance goals had been satisfied.
- F2Includes acquisitions of 125, 213, 83 and 453 shares under the Discovery Employee Stock Purchase Plan on May 14, 2014, August 14, 2014, November 14, 2014 and February 13, 2015, respectively.
- F3On August 6, 2014, the Issuer distributed shares of its Series C Common Stock as a dividend at a rate of one Series C Common share for every share of Issuer's Series A, Series B and Series C Common Stock outstanding as of July 28, 2014. As a result, the number of the Reporting Person's Series C Common Stock was adjusted for the dividend.
- F4This option vests in four equal annual installments beginning February 23, 2016.
Remarks
The trading symbols for the Issuer's Series A, Series B and Series C common stock are, respectively, DISCA, DISCB and DISCK.