X0303 4 2008-12-26 0 0000105608 WELLS GARDNER ELECTRONICS CORP WGA 0001330693 BRACE JAMES F 9500 W 55TH STREET SUITE A MCCOOK IL 60525-3605 0 1 0 0 VP/CFO/Treasurer/Secretary Common Stock Par Value $1.00 2008-12-26 4 P 0 4000 0.67 A 59999 D Prior to the transactions reported in this Form 4, Mr. Brace reported beneficial ownership of 55,999 shares, comprised of 33,583 shares owned and restricted stock awards representing 22,416 shares. Following the transactions reported on this Form 4, Mr. Brace has beneficial ownership of 59,999 shares, comprised of 37,583 shares owned and restricted stock awards representing 22,416 shares. /s/ James F. Brace 2008-12-29