X0306 4 2012-11-15 0001315255 Global Telecom & Technology, Inc. GTLT 0001086564 THOMPSON H BRIAN 8484 WESTPARK DRIVE SUITE 720 MCLEAN VA 22102 1 1 1 0 Executive Chairman Common Stock 526000 D Common Stock 2012-11-15 4 P 0 10000 2.50 A 5180171 I By Universal Telecommunications, Inc. The Reporting Person is the chief executive officer and majority shareholder of Universal Telecommunications, Inc. ("UTI"), and the shares of UTI not held by the Reporting Person are owned by members of his family. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. /s/ Jay R. Schifferli, Attorney-in-fact 2012-11-16