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Stock Trading History of Boutin Joseph 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 Boutin Joseph L since year 2005. The trader's CIK number is 1220451. At the time of this reporting, Boutin Joseph L is the President & CEO of Merchants Bancshares Inc (stock ticker symbol MBVT).

Stock purchases, sales, and option exercises reported by *Boutin Joseph L* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2006-02-01	MBVT	Merchants Bancshares Inc	Option Exercise	7,490	15.00	112,350

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 Boutin Joseph L (President & CEO of Merchants Bancshares Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.