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