SEC Form 4 · accession 0001209191-16-095415
Discover Financial Services · DFS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glenn P Schneider
Officer — EVP
Period of report
Feb 1, 2016
Accepted (ET)
Feb 3, 2016 · 5:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001393612
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 1, 2016 | A | 23,142 | $0.00 | A | 63,916 | D | |
| Common StockF2 | Feb 1, 2016 | F | 11,541 | $46.05 | D | 52,375 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares earned upon vesting of non-derivative performance stock units, which are exempt from liability under Section 16(b) of the Securities Exchange Act pursuant to Rule 16b-3(d). Performance stock units are convertible into shares of common stock at a ratio of 1:1.
- F2Number of shares withheld to pay the tax withholding obligation incurred in connection with the vesting of previously granted restricted stock units and performance stock units.