ADVANCE LONG-TERM MANAGEMENT TRUST 4
4 · Discovery, Inc. · Filed Nov 12, 2019
Insider Transaction Report
Form 4
Discovery, Inc.DISCK
ADVANCE LONG-TERM MANAGEMENT TRUST
10% Owner
Transactions
- Conversion
Series C Common Stock
2019-11-11+9,500,002→ 9,500,002 total(indirect: See Footnote) - Conversion
Series C-1 Convertible Participating Preferred Stock
2019-11-11−490,581→ 782,094 total(indirect: See Footnote)→ Series C Common Stock (9,500,002 underlying)
Footnotes (3)
- [F1]On November 11, 2019, Advance/Newhouse Partnership ("A/NP") converted 490,581 shares of Discovery, Inc.'s Series C-1 Convertible Participating Preferred Stock ("Preferred Shares") into 9,500,002 shares of Discovery, Inc.'s Series C Common Stock ("Common Shares").
- [F2]A/NP is the record holder of the Preferred Shares and the Common Shares described above. The other reporting persons may be deemed to beneficially own the Preferred Shares and the Common Shares due to their control of A/NP. Each reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.
- [F3]Each Preferred Share is convertible pursuant to its terms into 19.3648 Common Shares at any time.