Filing Details

Accession Number:
0001181431-11-038667
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-06-29 15:26:13
Reporting Period:
2011-06-27
Filing Date:
2011-06-29
Accepted Time:
2011-06-29 15:26:13
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
1401324 V James Panzarino 2500 Lake Cook Road
Riverwoods IL 60015
Evp,Chief Credit Risk Officer 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 Acquisiton 2011-06-27 95,593 $18.05 319,416 No 4 M Direct
Common Stock Disposition 2011-06-27 95,593 $24.83 223,823 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option Disposition 2011-06-27 95,593 $0.00 95,593 $18.05
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
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 634 Indirect By ESOP
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.77 to $24.85, 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 footnote 2 to this Form 4.
  2. This option vested in five equal annual installments beginning on November 20, 2004.
  3. 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 32,537 shares of common stock of Morgan Stanley at an exercise price of $53.02.