Filing Details
- Accession Number:
- 0001181431-13-042938
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-08-06 08:55:59
- Reporting Period:
- 2013-08-02
- Filing Date:
- 2013-08-06
- Accepted Time:
- 2013-08-06 08:55:59
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1393612 | Discover Financial Services | DFS | Personal Credit Institutions (6141) | 362517428 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1183833 | C Roger Hochschild | 2500 Lake Cook Road Riverwoods IL 60015 | President And Coo | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2013-08-02 | 58,686 | $50.77 | 1,111,951 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2013-08-02 | 112,375 | $50.90 | 999,576 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2013-08-02 | 112,375 | $18.05 | 1,111,951 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2013-08-02 | 87,746 | $18.87 | 1,199,697 | No | 4 | M | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option | Disposition | 2013-08-02 | 112,375 | $0.00 | 112,375 | $18.05 |
| Common Stock | Employee Stock Option | Disposition | 2013-08-02 | 87,746 | $0.00 | 87,746 | $18.87 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2014-01-02 | No | 4 | M | Direct | |
| 0 | 2014-01-02 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 932 | Indirect | By ESOP |
Footnotes
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.66 to $50.86, 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 this footnote.
- This option vested on January 2, 2009.
- In connection with Discover Financial Services' Spin-Off from Morgan Stanley, this option was granted by Discover Financial Services in replacement of an option to purchase 130,148 shares of common stock of Morgan Stanley at an exercise price of $53.02.
- This option was fully vested on July 2, 2007.
- In connection with Discover Financial Services' Spin-Off from Morgan Stanley, this option was granted by Discover Financial Services in replacement of an option to purchase 29,866 shares of common stock of Morgan Stanley at an exercise price of $55.45.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.66 to $51.14, 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 this footnote.
Billionaire Hedge Funds
