X0303 4 2010-02-26 0 0001393612 Discover Financial Services DFS 0001401324 Panzarino James V 2500 LAKE COOK ROAD RIVERWOODS IL 60015 0 1 0 0 EVP,Chief Credit Risk Officer Common Stock 2010-02-26 4 A 0 1054 0 A 194131 D Common Stock 631.63 I By ESOP The shares represent a portion of the reporting person's salary, net withholdings and deductions, for the most recent pay period and were issued under the Company's Amended and Restated 2007 Omnibus Incentive Plan. For more information, please see the Current Report on Form 8-K which was filed by the Company on December 11, 2009. /s/ Simon Halfin as Attorney-in-Fact for James V. Panzarino 2010-03-01