0001567619-22-021465.txt : 20221209 0001567619-22-021465.hdr.sgml : 20221209 20221209173600 ACCESSION NUMBER: 0001567619-22-021465 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20221207 FILED AS OF DATE: 20221209 DATE AS OF CHANGE: 20221209 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: 221455768 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 doc1.xml FORM 4 X0306 4 2022-12-07 0 0001393612 Discover Financial Services DFS 0001183833 HOCHSCHILD ROGER C 2500 LAKE COOK ROAD RIVERWOODS IL 60015 1 1 0 0 CEO and President Common Stock 2022-12-06 5 G 0 10000 0 D 858004 D Common Stock 2022-12-07 5 G 0 10000 0 D 848004 D Common Stock 29111 I By Hochschild Remainder Trust Non-Recourse Loan (call option - obligation to sell) 104.085 2022-12-07 4 J 0 80876 D 2022-12-07 2031-12-01 Common Stock 80876 80876 D Non-Recourse Loan (call option - right to buy) 104.085 2022-12-07 4 J 0 80876 A 2022-12-07 2031-12-01 Common Stock 80876 80876 I By GST On December 7, 2022, 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 80,876 shares of Discover Financial Services ("Shares") to the GST. As collateral for the loan, the GST provided to the reporting person a promissory note for the value of the Shares transferred, using the average high/low price on the transfer date of $104.085. The Non-Recourse Loan has a term of 9 years, subject to extension by the reporting person. These 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. /s/ Efie Vainikos as Attorney-In-Fact for Roger C. Hochschild 2022-12-09