SEC Form 4 · accession 0001209191-18-050115
Warner Bros. Discovery, Inc. · WBD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth W Lowe
Director
Period of report
Sep 5, 2018
Accepted (ET)
Sep 7, 2018 · 5:23 pm EDT
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 C Common Stock | Sep 5, 2018 | M | 70,874 | $13.48 | A | 1,331,277 | D | |
| Series C Common Stock | Sep 5, 2018 | M | 112,747 | $11.05 | A | 1,444,024 | D | |
| Series C Common StockF1 | Sep 5, 2018 | S | 183,621 | $25.58 | D | 1,260,403 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock Options (right to acquire)F2 | $13.48 | Sep 5, 2018 | M | 70,874 | D | Mar 6, 2018 | Feb 16, 2019 | Series C Common Stock | 70,874 | 0 | D |
| Director Stock Options (right to acquire)F2 | $11.05 | Sep 5, 2018 | M | 112,747 | D | Mar 6, 2018 | Feb 15, 2020 | Series C Common Stock | 112,747 | 0 | D |
Explanation of responses
- F1The price reported represents the weighted average sales price of shares of Series C common stock sold in multiple transactions at prices ranging from $25.46 to $25.735 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.
- F2This option is fully vested and exercisable.
Remarks
The trading symbols for the Issuer's Series A, Series B and Series C common stock are, respectively, DISCA, DISCB and DISCK.