Discover Financial Services 4
4 · Discover Financial Services · Filed Feb 3, 2016
Insider Transaction Report
Form 4
Panzarino James V
SVP,Chief Credit Risk Officer
Transactions
- Award
Common Stock
2016-02-01+46,284→ 135,104 total - Sale
Common Stock
2016-02-01$46.24/sh−5,000$231,199→ 104,505 total - Sale
Common Stock
2016-02-03$44.27/sh−5,000$221,333→ 94,505 total - Tax Payment
Common Stock
2016-02-01$46.05/sh−25,599$1,178,834→ 109,505 total - Sale
Common Stock
2016-02-02$45.05/sh−5,000$225,228→ 99,505 total - Sale
Common Stock
2016-02-03$45.40/sh−5,000$227,000→ 89,505 total
Holdings
- 672.73(indirect: By ESOP)
Common Stock
Footnotes (5)
- [F1]Shares earned upon vesting of non-derivative performance stock units, which are exempt from liability under Section 16(b) of the Securities Exchange Act pursuant to Rule 16b-3(d). Performance stock units are convertible into shares of common stock at a ratio of 1:1.
- [F2]Number of shares withheld to pay the tax withholding obligation incurred in connection with the vesting of previously granted restricted stock units and performance stock units.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.22 to $46.26, 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.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.02 to $45.10, 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.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.14 to $44.43, 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.