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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1349437	Towerstream Corp	TWER	Communications Services, Nec (4899)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1397864	Philip Urso	C/O Towerstream Corporation 55 Hammarlund Way Middletown RI 02842		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.001 Per Share	Disposition	2011-07-15	5,800	$4.08	225,586	No	4	S	Indirect	As trustee for trusts
Common Stock, Par Value $0.001 Per Share	Disposition	2011-07-15	11,100	$4.10	214,486	No	4	S	Indirect	As trustee for trusts
Common Stock, Par Value $0.001 Per Share	Disposition	2011-07-15	100	$4.11	214,386	No	4	S	Indirect	As trustee for trusts

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	As trustee for trusts
No	4	S	Indirect	As trustee for trusts
No	4	S	Indirect	As trustee for trusts

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.001 Per Share	1,345,930	Direct

Footnotes

The sales reported in this Form 4 were effected pursuant to Rule 10b5-1 trading plans adopted by two trusts, Happy Bear Trust and Terrapin Trust, for the minor children of the reporting person on December 3, 2009.
Shares are held in two separate trusts, Happy Bear Trust and Terrapin Trust, for the benefits of Mr. Urso's minor children.
Reflects amount of common stock beneficially owned by the reporting person after the transfer of common stock by the reporting person to his ex-wife under a divorce settlement dated June 13, 2011.