0000905148-20-000622.txt : 20200515
0000905148-20-000622.hdr.sgml : 20200515
20200515170021
ACCESSION NUMBER: 0000905148-20-000622
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200513
FILED AS OF DATE: 20200515
DATE AS OF CHANGE: 20200515
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HOCHSCHILD ROGER C
CENTRAL INDEX KEY: 0001183833
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33378
FILM NUMBER: 20886488
MAIL ADDRESS:
STREET 1: 2500 LAKE COOK ROAD
CITY: RIVERWOODS
STATE: IL
ZIP: 60015
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Discover Financial Services
CENTRAL INDEX KEY: 0001393612
STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141]
IRS NUMBER: 362517428
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2500 LAKE COOK ROAD
CITY: RIVERWOODS
STATE: IL
ZIP: 60015
BUSINESS PHONE: 224-405-0900
MAIL ADDRESS:
STREET 1: 2500 LAKE COOK ROAD
CITY: RIVERWOODS
STATE: IL
ZIP: 60015
4
1
form4.xml
X0306
4
2020-05-13
0001393612
Discover Financial Services
DFS
0001183833
HOCHSCHILD ROGER C
2500 LAKE COOK ROAD
RIVERWOODS
IL
60015
true
true
CEO and President
Non-Recourse Loan (call option - obligation to sell)
36.39
2020-05-13
4
J
0
74410
D
2020-05-13
2029-05-13
Common Stock
74410
74410
D
Non-Recourse Loan (call option - right to buy)
36.39
2020-05-13
4
J
0
74410
A
2020-05-13
2029-05-13
Common Stock
74410
74410
I
By GST
On May 13, 2020, the reporting person entered into a non-recourse loan agreement ("Non-Recourse Loan") with a generation-skipping trust ("GST") for which his spouse serves as trustee, pursuant to which the reporting person transferred 74,410 shares of Discover Financial Services ("Shares") to the GST. In return, the GST provided to the reporting person a promissory note for the value of the Shares transferred, using the fair market value of the Shares as of close of trading on the transfer date.
The Non-Recourse Loan has a term of 9 years, subject to extension by the reporting person.
/s/ Rajeev Khurana as Attorney-in-Fact for Roger C. Hochschild
2020-05-15