SEC Form 4 · accession 0001209191-18-051128
Warner Bros. Discovery, Inc. · WBD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kurt Wehner
Officer — Chief Accounting Officer
Period of report
Sep 12, 2018
Accepted (ET)
Sep 14, 2018 · 5:34 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 A Common Stock | Sep 12, 2018 | M | 166 | $24.30 | A | 18,844 | D | |
| Series A Common Stock | Sep 12, 2018 | M | 1,445 | $26.036 | A | 20,289 | D | |
| Series A Common Stock | Sep 12, 2018 | M | 4,011 | $25.08 | A | 24,300 | D | |
| Series A Common StockF1 | Sep 12, 2018 | S | 5,622 | $30.58 | D | 18,678 | D | |
| Series C Common Stock | Sep 12, 2018 | M | 166 | $23.57 | A | 529 | D | |
| Series C Common Stock | Sep 12, 2018 | M | 1,445 | $25.254 | A | 1,974 | D | |
| Series C Common StockF2 | Sep 12, 2018 | S | 1,611 | $28.17 | D | 363 | 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 Options (right to acquire)F3 | $24.30 | Sep 12, 2018 | M | 166 | D | — | Mar 15, 2019 | Series A Common Stock | 166 | 0 | D |
| Employee Stock Options (right to acquire)F3 | $26.036 | Sep 12, 2018 | M | 1,445 | D | — | Apr 12, 2019 | Series A Common Stock | 1,445 | 0 | D |
| Employee Stock Options (right to acquire)F4 | $25.08 | Sep 12, 2018 | M | 4,011 | D | — | Feb 26, 2023 | Series A Common Stock | 4,011 | 4,011 | D |
| Employee Stock Options (right to acquire)F3 | $23.57 | Sep 12, 2018 | M | 166 | D | — | Mar 15, 2019 | Series C Common Stock | 166 | 0 | D |
| Employee Stock Options (right to acquire)F3 | $25.254 | Sep 12, 2018 | M | 1,445 | D | — | Apr 12, 2019 | Series C Common Stock | 1,445 | 0 | D |
Explanation of responses
- F1The price reported represents the weighted average sales price of shares of Series A common stock sold in multiple transactions at prices ranging from $30.55 to $30.585 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.
- F2The price reported represents the weighted average sales price of shares of Series C common stock sold in multiple transactions at prices ranging from $28.163 to $28.205 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.
- F3This option is fully vested and excercisable.
- F4This option vests in four equal annual installments beginning February 26, 2017.
Remarks
The trading symbols for the Issuer's Series A, Series B and Series C common stock are, respectively, DISCA, DISCB and DISCK.