Silver Spring-based media giant, Discovery Communications (NASDAQ:DISCA) Founder and Chairman, John S. Hendricks made the following stock transactions on March 26, 2012.
John S. Hendricks acquired 238,260 Series A Common Stock shares at an average price of $14.53 totaling $3,461,917.80 under general transaction code M (Exercise or conversion of derivative security exempted pursuant to Rule 16b-3). 1,448,435 beneficially and directly owned shares remained.
On March 26, 2012, John S. Hendricks disposed of 238,260 Series A Common Stock shares at an average price of $48.80, totaling $11,627,088 under general transaction code S (Open market or private sale of non-derivative or derivative security). 419,342 beneficially and directly owned shares remained after this transaction.
The transactions difference totaled $8,165,170.20.
Under a right to buy, Employee Stock Options plan John S. Hendricks held 2,925,669 derivative securities following the transaction. The expiration date is October 1, 2018.
Discovery Communications trades under the symbols DISCA, DISCB, and DISCK. The stock opened at $48.70 per share on March 26, 2012; it reached a high of $48.93 and a low of $48.53, the stock closed at $48.81 per share on average volume of 1,005,990. The company had a market cap of approximately $19.20 billion; its 52 week high of $49.60 was reached today, March 28, 2012.