Sec Form 4 Filing - Sims Savalle @ Discovery, Inc. - 2021-02-23

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Sims Savalle
2. Issuer Name and Ticker or Trading Symbol
Discovery, Inc. [ DISCA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
General Counsel
(Last) (First) (Middle)
8403 COLESVILLE ROAD
3. Date of Earliest Transaction (MM/DD/YY)
02/23/2021
(Street)
SILVER SPRING, MD20910
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Series A Common Stock 02/23/2021 S 631 D $ 50.787 ( 1 ) 75,161 ( 2 ) D
Series A Common Stock 02/23/2021 M 5,230 A $ 30.06 80,391 D
Series A Common Stock 02/23/2021 S 5,230 D $ 51.28 75,161 D
Series A Common Stock 02/23/2021 M 7,737 A $ 32.335 82,898 D
Series A Common Stock 02/23/2021 S 7,737 D $ 51.181 ( 3 ) 75,161 D
Series A Common Stock 02/23/2021 M 2,006 A $ 25.08 77,167 D
Series A Common Stock 02/23/2021 S 2,006 D $ 51.1 75,161 D
Series A Common Stock 02/23/2021 M 7,623 A $ 29.5 82,784 D
Series A Common Stock 02/23/2021 S 7,623 D $ 51.025 75,161 D
Series A Common Stock 02/23/2021 M 2,400 A $ 26.21 77,561 D
Series A Common Stock 02/23/2021 S 2,400 D $ 51 75,161 D
Series A Common Stock 02/23/2021 M 3,383 A $ 24.06 78,544 D
Series A Common Stock 02/23/2021 S 3,383 D $ 50.832 ( 4 ) 75,161 D
Series A Common Stock 02/23/2021 F 988 ( 5 ) D $ 52.95 74,173 D
Series A Common Stock 02/23/2021 S 1,941 D $ 52.95 72,232 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to acquire) $ 30.06 02/23/2021 M 5,230 01/22/2016( 6 ) 02/22/2022 Series A Common Stock 5,230 $ 0 0 D
Employee Stock Option (right to acquire) $ 32.335 02/23/2021 M 7,737 02/23/2016( 6 ) 02/23/2022 Series A Common Stock 7,737 $ 0 0 D
Employee Stock Option $ 25.08 02/23/2021 M 2,006 02/26/2017( 7 ) 02/26/2023 Series A Common Stock 2,006 $ 0 0 D
Employee Stock Option (right to acquire) $ 29.5 02/23/2021 M 7,623 02/23/2018( 6 ) 02/23/2024 Series A Common Stock 7,623 $ 0 0 D
Employee Stock Option $ 26.21 02/23/2021 M 2,400 05/22/2018( 8 ) 05/22/2024 Series A Common Stock 2,400 $ 0 2,401 D
Employee Stock Option (right to acquire) $ 24.06 02/23/2021 M 3,383 03/01/2019( 9 ) 03/01/2025 Series A Common Stock 3,383 $ 0 6,766 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sims Savalle
8403 COLESVILLE ROAD
SILVER SPRING, MD20910
General Counsel
Signatures
Tara L. Smith, by power of attorney 02/25/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $50.77 to $50.79 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 purchased at each price within the range.
( 2 )This number was adjusted by 438 shares to correct the amount beneficially owned following the reported transaction.
( 3 )The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $51.14 to $51.24 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 purchased at each price within the range.
( 4 )The price reported represents the weighted average sale price of shares of Series A common stock sold in multiple transactions at prices ranging from $50.83 to $50.85 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 purchased at each price within the range.
( 5 )These shares represent the shares withheld by the Issuer to cover the applicable tax withholding related to the vesting of previously granted restricted stock units.
( 6 )This option is fully vested and exercisable.
( 7 )This option vests in four equal annual installments beginning February 26, 2017.
( 8 )This option vests in four equal annual installments beginning May 22, 2018.
( 9 )This 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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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