| INSIDER TRANSACTIONS REPORTED - LAST TWO YEARS |
| Date | Insider | Shares | Type | Transaction | Value* | | 5-Feb-09 | MILLER JANUARY Officer | N/A | Direct | Statement of Ownership | N/A | | 25-Nov-08 | PAULSON CAPITAL CORP Beneficial Owner (10% or more) | 47,160 | Indirect | Sale at $0.29 per share. | $13,676 | | 21-Nov-08 | PAULSON CAPITAL CORP Beneficial Owner (10% or more) | 28,370 | Indirect | Sale at $0.27 per share. | $7,659 | | 19-Nov-08 | PAULSON CAPITAL CORP Beneficial Owner (10% or more) | 3,270 | Indirect | Sale at $0.35 per share. | $1,144 | | 17-Nov-08 | PAULSON CAPITAL CORP Beneficial Owner (10% or more) | 11,400 | Indirect | Sale at $0.33 per share. | $3,762 | | 14-Nov-08 | PAULSON CAPITAL CORP Beneficial Owner (10% or more) | 5,400 | Indirect | Sale at $0.35 per share. | $1,889 | | 27-Aug-08 | OWEN LAURA E Officer | 5,000 | Indirect | Purchase at $0.54 per share. | $2,700 | | 27-Aug-08 | OWEN DAVID C Officer | 5,000 | Indirect | Purchase at $0.54 per share. | $2,700 | | 20-Aug-08 | FERGUSON BRYAN Director | 1,000 | Direct | Purchase at $0.82 per share. | $820 | | 20-Aug-08 | OWEN LAURA E Officer | 15,000 | Indirect | Purchase at $0.78 per share. | $11,700 | | 20-Aug-08 | OWEN DAVID C Officer | 15,000 | Indirect | Purchase at $0.78 per share. | $11,700 | | 10-Jul-08 | OWEN LAURA E Officer | 100,000 | Indirect | Disposition (Non Open Market) | N/A | | 10-Jul-08 | OWEN LAURA E Officer | 100,000 | Direct | Disposition (Non Open Market) | N/A | | 10-Jul-08 | OWEN DAVID C Officer | 100,000 | Indirect | Disposition (Non Open Market) | N/A | | 10-Jul-08 | OWEN DAVID C Officer | 100,000 | Direct | Disposition (Non Open Market) | N/A |
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* = Where indicated, some values are estimates. 1 = Potential proceeds estimated by the filer. 2 = Estimated based on the average of multiple prices reported. 3 = Multiple dates reported. Most recent date shown. |
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