Statement of Changes in Beneficial Ownership (4)
June 04 2021 - 6:17PM
Edgar (US Regulatory)
FORM 4
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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 OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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MALONE JOHN C |
2. Issuer Name and Ticker or Trading Symbol
Discovery, Inc.
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DISCA
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
230 PARK AVENUE SOUTH |
3. Date of Earliest Transaction
(MM/DD/YYYY)
6/3/2021 |
(Street)
NEW YORK, NY 10003
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Series C Common Stock | 6/3/2021 | | S | | 124839 | D | $29.68 (1) | 7098099 | I | By Trust (2) |
Series C Common Stock | 6/4/2021 | | S | | 280161 | D | $29.41 (3) | 6817938 | I | By Trust (2) |
Series C Common Stock | | | | | | | | 1316424 | I | By Spouse (4) |
Series C Common Stock | | | | | | | | 3652000 (5) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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 |
Explanation of Responses: |
(1) | The price reported represents the weighted average sale price of shares of Series C common stock sold in multiple transactions at prices ranging from $29.60 to $29.76 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. |
(2) | The reporting person is the sole trustee of, and with his spouse, retains a unitrust interest in the trust. |
(3) | The price reported represents the weighted average sale price of shares of Series C common stock sold in multiple transactions at prices ranging from $29.24 to $29.78 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. |
(4) | The reporting person disclaims beneficial ownership of the shares owned by his spouse. |
(5) | On March 8, 2021 and March 9, 2021, the reporting person transferred 3,357,063 shares and 3,308,875 shares, respectively, to the Malone Discovery 2021 CRT of which he is the sole trustee. |
Remarks: The trading symbols for the Issuer's Series A, Series B and Series C common stock are, respectively, DISCA, DISCB and DISCK. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
MALONE JOHN C 230 PARK AVENUE SOUTH NEW YORK, NY 10003 | X | X |
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Signatures
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Tara L. Smith, by power of attorney | | 6/4/2021 |
**Signature of Reporting Person | Date |
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