BEWKES JEFFREY L (Chairman of the Board and CEO) reported 2 transactions at WARNER MEDIA, LLC

Review the transaction codes below to understand the nature of each event.

BEWKES JEFFREY L

Filed: 6/18/2018ACC: 0000950157-18-000717

InsiderBEWKES JEFFREY LCIK 1237443

→

IssuerWARNER MEDIA, LLCCIK 1105705

DirectorOfficer· Chairman of the Board and CEO

Since Jun 2018

-6.02M

Net shares

Net seller

$0.00

Total acquired

Open market trades

0B · 0S

Total transactions

233.85K acquired · 6.25M disposed

Non-Derivative Transactions2

Common Stock, Par Value $.01

Direct

D · Disposition

−1.29M

Price / share

—

Trade value

—

% of position

New position

6/14/2018

1.29M→0.00

Common Stock, Par Value $.01

Indirect

J · J

−40.25K

Price / share

—

Trade value

—

% of position

New position

6/14/2018

40.25K→0.00

Total

Net shares

−1.33M

Net value

$0.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, Par Value $.01 Direct	6/14/2018	D · Disposition	−1.29M	—	—	New position	1.29M	0.00
Common Stock, Par Value $.01 Indirect	6/14/2018	J · J	−40.25K	—	—	New position	40.25K	0.00
Total			−1.33M		$0.00

Derivative Transactions12

Employee Stock Options (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock, Par Value $.01

703.03K shares

−703.03K

Strike price

14.64

Held after

0.00

Exercisable

—

6/14/2018

Employee Stock Options (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock, Par Value $.01

647.74K shares

−647.74K

Strike price

25.81

Held after

0.00

Exercisable

—

6/14/2018

Employee Stock Options (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock, Par Value $.01

434.16K shares

−434.16K

Strike price

34.62

Held after

0.00

Exercisable

—

6/14/2018

Employee Stock Options (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock, Par Value $.01

342.74K shares

−342.74K

Strike price

35.93

Held after

0.00

Exercisable

—

6/14/2018

Employee Stock Options (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock, Par Value $.01

631.21K shares

−631.21K

Strike price

51.31

Held after

0.00

Exercisable

—

6/14/2018

Employee Stock Options (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock, Par Value $.01

525.48K shares

−525.48K

Strike price

62.6

Held after

0.00

Exercisable

—

6/14/2018

Employee Stock Options (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock, Par Value $.01

650.41K shares

−650.41K

Strike price

62.26

Held after

0.00

Exercisable

—

6/14/2018

Employee Stock Options (Right to Buy)

Direct

D · Disposition

Converts to

Common Stock, Par Value $.01

433.13K shares

−433.13K

Strike price

83.87

Held after

0.00

Exercisable

—

6/14/2018

Restricted Stock Units

Direct

D · Disposition

Converts to

Common Stock, Par Value $.01

290.70K shares

−290.70K

Strike price

Held after

0.00

Exercisable

—

6/14/2018

Performance Stock Units

Direct

A · Award

Converts to

Common Stock, Par Value $.01

233.85K shares

+233.85K

Strike price

Held after

233.85K

Exercisable

—

6/14/2018

Performance Stock Units

Direct

D · Disposition

Converts to

Common Stock, Par Value $.01

233.85K shares

−233.85K

Strike price

Held after

0.00

Exercisable

—

6/14/2018

Phantom Stock Units

Indirect

D · Disposition

Converts to

Common Stock, Par Value $.01

23.89K shares

−23.89K

Strike price

Held after

0.00

Exercisable

—

6/14/2018

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Employee Stock Options (Right to Buy) Direct	Common Stock, Par Value $.01703.03K shares	6/14/2018	D · Disposition	−703.03K	14.64	—	0.00
Employee Stock Options (Right to Buy) Direct	Common Stock, Par Value $.01647.74K shares	6/14/2018	D · Disposition	−647.74K	25.81	—	0.00
Employee Stock Options (Right to Buy) Direct	Common Stock, Par Value $.01434.16K shares	6/14/2018	D · Disposition	−434.16K	34.62	—	0.00
Employee Stock Options (Right to Buy) Direct	Common Stock, Par Value $.01342.74K shares	6/14/2018	D · Disposition	−342.74K	35.93	—	0.00
Employee Stock Options (Right to Buy) Direct	Common Stock, Par Value $.01631.21K shares	6/14/2018	D · Disposition	−631.21K	51.31	—	0.00
Employee Stock Options (Right to Buy) Direct	Common Stock, Par Value $.01525.48K shares	6/14/2018	D · Disposition	−525.48K	62.6	—	0.00
Employee Stock Options (Right to Buy) Direct	Common Stock, Par Value $.01650.41K shares	6/14/2018	D · Disposition	−650.41K	62.26	—	0.00
Employee Stock Options (Right to Buy) Direct	Common Stock, Par Value $.01433.13K shares	6/14/2018	D · Disposition	−433.13K	83.87	—	0.00
Restricted Stock Units Direct	Common Stock, Par Value $.01290.70K shares	6/14/2018	D · Disposition	−290.70K		—	0.00
Performance Stock Units Direct	Common Stock, Par Value $.01233.85K shares	6/14/2018	A · Award	+233.85K		—	233.85K
Performance Stock Units Direct	Common Stock, Par Value $.01233.85K shares	6/14/2018	D · Disposition	−233.85K		—	0.00
Phantom Stock Units Indirect	Common Stock, Par Value $.0123.89K shares	6/14/2018	D · Disposition	−23.89K		—	0.00