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Stock Trading History of Davis Jeffrey L

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 Davis Jeffrey L since year 2005. The trader's CIK number is 1220435. At the time of this reporting, Davis Jeffrey L is the Director of Merchants Bancshares Inc (stock ticker symbol MBVT).

Stock purchases, sales, and option exercises reported by *Davis Jeffrey L* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2007-08-03	MBVT	Merchants Bancshares Inc	Sale	43,419	23.08	1,002,110
2007-06-27	MBVT	Merchants Bancshares Inc	Sale	10,000	23.00	230,000

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 Davis Jeffrey L (Director of Merchants Bancshares Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.