Insider Trades - GARNER CURTIS LEE JR

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GARNER CURTIS LEE JR: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Otelco, Inc. Officer NasdaqGM:OTT (historical quotes, other insiders)	8-May-12 8-May-12	12,539 720 13,259	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
8-May-12 1,000 OTT Purchase at $5.54 - $5.59 per share.
(Cost of about $5,564)
8-May-12 *90 OTT Purchase at $5.59 per share.
(Cost of $503)
20-Jan-12 968 OTT Purchase at $12.45 per share.
(Cost of $12,051)
20-Jan-12 *129 OTT Purchase at $12.40 - $12.45 per share.
(Cost of about $1,602)
9-Aug-11 500 OTT Purchase at $14.40 per share.
(Cost of $7,200)

* 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
8-May-12	1,000	OTT	Purchase at $5.54 - $5.59 per share. (Cost of about $5,564)
8-May-12	*90	OTT	Purchase at $5.59 per share. (Cost of $503)
20-Jan-12	968	OTT	Purchase at $12.45 per share. (Cost of $12,051)
20-Jan-12	*129	OTT	Purchase at $12.40 - $12.45 per share. (Cost of about $1,602)
9-Aug-11	500	OTT	Purchase at $14.40 per share. (Cost of $7,200)