DAILY JOURNAL CORP — Director's Dealing 2010

Nov 15, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DAILY JOURNAL CORP (DJCO)
CIK: 0000783412
Period of Report: 2010-11-04

Reporting Person: MUNGER CHARLES T (Director, Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-04	Common Stock	W	6250	—	Disposed	93750	Direct
2010-11-04	Common Stock	W	6250	—	Disposed	87500	Direct
2010-11-04	Common Stock	W	6250	—	Disposed	81250	Direct
2010-11-04	Common Stock	W	6250	—	Disposed	75000	Direct
2010-11-04	Common Stock	W	6250	—	Disposed	68750	Direct
2010-11-04	Common Stock	W	6250	—	Disposed	62500	Direct
2010-11-04	Common Stock	W	6250	—	Disposed	56250	Direct
2010-11-04	Common Stock	W	6250	—	Disposed	50000	Direct

Footnotes

F1: These shares of common stock of Daily Journal Corporation (the "Common Stock") were distributed to a beneficiary of a community property revocable trust in which Mr. Munger and his spouse were co-trustees, in connection with the death of the Mr. Munger's spouse.

F2: Reflects 100,000 shares of Common Stock (prior to giving effect to the reported disposition) that were distributed to Mr. Munger on June 9, 2010, by Munger, Marshall & Co., a California Limited Partnership ("MM&C"), in connection with the winding up of MM&C (the "MM&C Distribution"). The receipt of such 100,000 shares of Common Stock by Mr. Munger as a result of the MM&C Distribution represents a change in the form of beneficial ownership of Common Stock in which Mr. Munger previously held a pecuniary interest through his ownership interest in MM&C.