0001209191-19-056842.txt : 20191118 0001209191-19-056842.hdr.sgml : 20191118 20191118073012 ACCESSION NUMBER: 0001209191-19-056842 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191114 FILED AS OF DATE: 20191118 DATE AS OF CHANGE: 20191118 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: MALONE JOHN C CENTRAL INDEX KEY: 0000937797 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34177 FILM NUMBER: 191226155 MAIL ADDRESS: STREET 1: 12300 LIBERTY BLVD CITY: ENGLEWOOD STATE: CO ZIP: 80112 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Discovery, Inc. CENTRAL INDEX KEY: 0001437107 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 352333914 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1 DISCOVERY PLACE CITY: SILVER SPRING STATE: MD ZIP: 20910 BUSINESS PHONE: (240) 662-2000 MAIL ADDRESS: STREET 1: 1 DISCOVERY PLACE CITY: SILVER SPRING STATE: MD ZIP: 20910 FORMER COMPANY: FORMER CONFORMED NAME: Discovery Communications, Inc. DATE OF NAME CHANGE: 20080606 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2019-11-14 0 0001437107 Discovery, Inc. DISCA 0000937797 MALONE JOHN C 8403 COLESVILLE ROAD SILVER SPRING MD 20910 1 0 1 0 Series C Common Stock 2019-11-14 4 P 0 2670000 28.03 A 10317937 D Series C Common Stock 557000 I By Trust Series C Common Stock 1316424 I By Spouse Call option (obligation to sell) 35.7943 2019-11-14 4 S 1 3650000 D Series C common stock 3650000 3650000 D Put option (right to sell) 25.227 2019-11-14 4 P 1 3650000 A Series C common stock 3650000 3650000 D The Reporting Person is the sole trustee of, and with his spouse, retains a unitrust interest in the trust. The reporting person disclaims beneficial ownership of the shares owned by his spouse. On November 14, 2019, the reporting person entered into a "zero-cost collar" arrangement (the "Transaction") pursuant to which he wrote European call options and purchased European put options over an aggregate of 3,650,000 Class C common shares. Only one of the options can be in the money on the expiration date, at which time the in-the-money options will be exercised, and the other options will expire. If neither the put options nor the call options are in the money on the expiration date, both the put and call options will expire. The Transaction will be settled in cash unless the reporting person elects physical settlement. The Transaction is divided into 12 components, each of the first 11 of which are with respect to 300,000 shares of Series C common stock and the last of which is with respect to 350,000 shares of Series C common stock. The components mature on sequential trading days over the period beginning on March 3, 2027 and ending on March 18, 2027. The Transaction is a "zero-cost collar" in which no premium was exchanged for either the call options or the put options. The trading symbols for the Issuer's Series A, Series B and Series C common stock are DISCA, DISCB and DISCK, respectively. /s/ Stephanie D. Marks, by power of attorney 2019-11-18