SEC Form 4 · accession 0001181431-15-003395
Warner Bros. Discovery, Inc. · WBD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Leavy
Officer — Chief Communications Officer
Period of report
Feb 17, 2015
Accepted (ET)
Feb 25, 2015 · 6:03 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 | 3,392 | $0.00 | A | 12,264 | D | |
| Series C Common StockF1,F3 | Feb 17, 2015 | A | 3,392 | $0.00 | A | 11,727 | 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 | 38,682 | A | Feb 23, 2016 | Feb 23, 2022 | Series A Common Stock | 38,682 | 38,682 | 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 207, 3 and 327 shares under the Discovery Employee Stock Purchase Plan on 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.