SEC Form 4 · accession 0001209191-19-005037
Discover Financial Services · DFS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger C Hochschild
Officer — CEO and President · Director
Period of report
Jan 21, 2019
Accepted (ET)
Jan 23, 2019 · 6:05 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 | Jan 21, 2019 | A | 49,788 | $0.00 | A | 804,799 | D | |
| Common StockF2 | holding | — | — | — | 29,111 | I | By Hochschild Remainder Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a grant 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.
- F2These shares are held in a trust for the benefit of the reporting person's spouse and children. The reporting person's spouse is trustee of the trust.