SEC Form 4 · accession 0001209191-18-023781
Discover Financial Services · DFS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David W Nelms
Officer — Chairman & CEO · Director
Period of report
Apr 2, 2018
Accepted (ET)
Apr 4, 2018 · 5:08 pm EDT
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 StockF2,F3 | Apr 2, 2018 | S | 11,202 | $69.37 | D | 1,379,463 | D | |
| Common StockF4 | Apr 2, 2018 | S | 11,498 | $70.18 | D | 1,367,965 | D | |
| Common StockF5 | Apr 2, 2018 | S | 7,300 | $71.02 | D | 1,360,665 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 2, 2017.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.75 to $69.74, inclusive. The reporting person undertakes to provide to Discover Financial Services, any security holder of Discover Financial Services, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (4) and (5) to this Form 4.
- F3Includes 216.68 shares acquired under the Discover Financial Services Employee Stock Purchase Plan on March 31, 2018.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $69.75 to $70.74, inclusive.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.75 to $71.41, inclusive.