Asteroid 3264, Bounty, was discovered on January 7, 1934 by Karl Reinmuth at Heidelberg,Baden-Württemberg, Germany. It has a period of 5 years, 230 days and is 20.88 kilometers (about 13 miles) in diameter.

It was named for the British warship Bounty, which was the scene of perhaps the world's most famous naval mutiny. On April 28, 1789, near Tonga, the crew, led by the ship's executive officer (first mate) Fletcher Christian, mutinied, setting the commander, William Bligh, adrift in an open boat with 18 loyal crew members. After stopping at Tahiti in what is now French Polynesia, Christian, the mutineers, and a number of Tahitians sailed the Bounty to Pitcairn Island and then destroyed it, settling on the island, where their descendants live to this day. Bligh, a master sailor, managed to navigate the boat thousands of miles to Kupang, East Nusa Tenggara, Indonesia, on the island of Timor, then a Dutch possession, with only a compass and a pocket watch, losing only one of his crew during the voyage. Bligh was cleared of wrongdoing at the court-martial the British Navy held to investigate the loss of his ship, and later went on to become an admiral and colonial governor of New South Wales in Australia, where he found himself dealing with another mutiny, the Rum Rebellion, when he tried to crack down on alcohol in the colony.

Bounty Bay, Pitcairn Island, where the Bounty mutineers burned the ship after arriving on the island in 1790. A marine archaeological expedition found remains of the ship at the bottom of the bay in 1957.

The meaning of asteroid Bounty, according to Henk Middleraad, is:generosity, reward. It could also signify bounty, or a bounty (for the return or apprehension of an undesirable or hunted person or animal).

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