Insider Trades - SHRINER MICHAEL A

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SHRINER MICHAEL A: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
MSB Financial Corp. Officer NasdaqGM:MSBF (historical quotes, profile, other insiders)	18-Dec-12 31-Dec-11	5,295 4,965 10,260	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
18-Dec-12 4,406 MSBF Sale at $6.80 per share.
(Proceeds of $29,960)
31-Dec-11 *1,241 MSBF Acquisition (Non Open Market) at $4.39 per share.
(Value of $5,447)
23-Dec-11 4,056 MSBF Disposition (Non Open Market) at $5.06 per share.
(Value of $20,523)
15-Dec-11 350 MSBF Disposition (Non Open Market) at $5.06 per share.
(Value of $1,770)

* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
18-Dec-12	4,406	MSBF	Sale at $6.80 per share. (Proceeds of $29,960)
31-Dec-11	*1,241	MSBF	Acquisition (Non Open Market) at $4.39 per share. (Value of $5,447)
23-Dec-11	4,056	MSBF	Disposition (Non Open Market) at $5.06 per share. (Value of $20,523)
15-Dec-11	350	MSBF	Disposition (Non Open Market) at $5.06 per share. (Value of $1,770)