X0303 4 2011-05-17 0 0001288359 OTELCO INC. OTT 0001513709 Tisdale Ed P.O. BOX 258 NEW GLOUCESTER ME 04260 0 1 0 0 SVP, New England RLEC Common stock 2011-05-17 4 P 0 105 18.5 A 105 D The reported securities consist of Income Deposit Securities. Each Income Deposit Security consists of one share of common stock and one 13% senior subordinated note due 2019 with a $7.50 principal amount. /s/ Curtis L. Garner, Jr., Attorney-In-Fact 2011-05-23