X0305 4 2012-03-09 0 0000104777 WARWICK VALLEY TELEPHONE CO WWVY 0001397269 Albro Duane W 30 CEDAR LANE BABYLON NY 11702 1 1 0 0 President & CEO Common Shares 2012-03-09 4 F 0 2521 14.85 D 86172 D Common Shares 2996.9799 I 401(k) Plan Employee Stock Option (Right to Buy) 10.78 2011-09-08 2018-09-08 Common Stock 15166 15166 D Employee Stock Option (Right to Buy) 10.02 2019-03-20 Common Stock 4051 4051 D Employee Stock Option (Right to Buy) 12.88 2020-02-23 Common Stock 15816 15816 D Employee Stock Option (Right to Buy) 14.85 2021-03-09 Common Stock 83010 83010 D Employee Stock Option (Right to Buy) 14.38 2012-02-24 4 A 0 33711 0.00 A 2022-02-24 Common Stock 33711 33711 D Securities for payment of tax liability associated with vesting of securities issued under the Warwick Valley Telephone C0mpany 2008 Long-Term Incentive Plan in accordance with Rule 16b-3. This option was previously reported by Mr. Albro. This option was previously reported by Mr. Albro and is exercisable as follows: 4,052 shares on 3/20/2010, 4,052 shares on 3/20/2011 and 4,051 shares on 3/20/2012, assuming Mr. Albro's continuous employment with the Company. This option was previously reported by Mr. Albro and is exercisable as follows: 7,908 shares on 2/23/2011, 7,908 shares on 2/23/2012, and 7,908 shares on 2/23/2013, assuming Mr. Albro's continuous employment with the Company. This option was previously reported by Mr. Albro and is exercisable as follows: 27,670 shares on 3/9/2012, 27,670 shares on 3/9/2013, and 27,670 shares on 3/9/2014, assuming Mr. Albro's continuous employment with the Company. This option was granted under the Warwick Valley Telephone Company 2008 Long Term Incentive Plan in a transaction exempt under rule 16b-3 and is exerciseable as follows: previously reported by Mr. Albro and is exercisable as follows: 11,237 shares on 2/24/2013, 11,237 shares on 2/24/2014, and 11,237 shares on 2/24/2015, assuming Mr. Albro's continuous employment with the Company. /s/Dorinda M. Masker, on behalf of Duane W. Albro, Pursuant to Power of Attorney 2012-03-30