SEC Form 4 · accession 0001209191-18-015809
Warner Bros. Discovery, Inc. · WBD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Leavy
Officer — Chief Corp Ops & Comms Officer
Period of report
Feb 28, 2018
Accepted (ET)
Mar 2, 2018 · 5:10 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 28, 2018 | A | 9,700 | $0.00 | A | 34,820 | D | |
| Series A Common Stock | Feb 28, 2018 | F | 2,106 | $24.32 | D | 32,714 | D | |
| Series A Common Stock | Mar 1, 2018 | A | 20,560 | $0.00 | A | 53,274 | D | |
| Series A Common Stock | Mar 1, 2018 | M | 6,391 | $19.676 | A | 59,665 | D | |
| Series A Common Stock | Mar 1, 2018 | S | 6,391 | $24.423 | D | 53,274 | D | |
| Series C Common Stock | Feb 28, 2018 | F | 507 | $22.98 | D | 13,412 | D | |
| Series C Common Stock | Mar 1, 2018 | M | 6,391 | $19.084 | A | 19,803 | D | |
| Series C Common StockF3 | Mar 1, 2018 | S | 14,282 | $22.96 | D | 5,521 | 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 | $19.676 | Mar 1, 2018 | M | 6,391 | D | Mar 16, 2012 | Mar 16, 2018 | Series A Common Stock | 6,391 | 0 | D |
| Employee Stock Option (right to acquire)F5 | $24.06 | Mar 1, 2018 | A | 67,654 | A | Mar 1, 2019 | Mar 1, 2025 | Series A Common Stock | 67,654 | 67,654 | D |
| Employee Stock Option (right to acquire)F4 | $19.084 | Mar 1, 2018 | M | 6,391 | D | Mar 16, 2012 | Mar 16, 2018 | Series C Common Stock | 6,391 | 0 | D |
Explanation of responses
- F1These shares represent performance-based restricted stock units. On February 28, 2018, the Compensation Committee certified that applicable performance goals had been satisfied.
- F2Includes acquisition of 598 shares under the Discovery Employee Stock Purchase Plan on February 14, 2018.
- F3The price reported represents the weighted average sales price of shares of Series C common stock sold in multiple transactions at prices ranging from $22.953 to $22.965 per share. The reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
- F4This option is fully vested and exercisable.
- F5This option vests in four equal annual installments beginning March 1, 2019.
Remarks
The trading symbols for the Issuer's Series A, Series B and Series C common stock are, respectively, DISCA, DISCB and DISCK.