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Stock Trading History of Lipscomb Gary

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Lipscomb Gary since year 2005. The trader's CIK number is 1211734. At the time of this reporting, Lipscomb Gary is the Director of Guaranty Federal Bancshares Inc (stock ticker symbol GFED).

Stock purchases, sales, and option exercises reported by *Lipscomb Gary* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2006-02-08	GFED	Guaranty Federal Bancshares Inc	Sale	23,402	27.87	652,213
2006-02-08	GFED	Guaranty Federal Bancshares Inc	Option Exercise	23,402	13.44	314,522

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Lipscomb Gary (Director of Guaranty Federal Bancshares Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.