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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1288359	Otelco Inc.	OTT	Telephone Communications (No Radiotelephone) (4813)	522128395

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1310427	Jr Lee Curtis Garner	505 3Rd Avenue East Oneonta AL 35121	Chief Financial Officer	No	Yes	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	Acquisiton	2012-05-08	300	$5.54	11,839	No	4	P	Direct
Common Stock	Acquisiton	2012-05-08	600	$5.55	12,439	No	4	P	Direct
Common Stock	Acquisiton	2012-05-08	100	$5.59	12,539	No	4	P	Direct
Common Stock	Acquisiton	2012-05-08	45	$5.59	719	No	4	P	Indirect	As UGMA custodian for granddaughter
Common Stock	Acquisiton	2012-05-08	45	$5.59	720	No	4	P	Indirect	As UGMA custodian for granddaughter

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Indirect	As UGMA custodian for granddaughter
No	4	P	Indirect	As UGMA custodian for granddaughter

Footnotes

The reported securities consist of Income Deposit Securities. Each Income Deposit Security consists of one share of common stock and one 13% senior subordinated note due 2019 with a $7.50 principal amount.
These securities are held by Uniform Gifts to Minors Act accounts for the benefit of the reporting person's granddaughters. The reporting person is the custodian of such accounts. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.