X0304 4 2012-02-23 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 Ex. VP/CFO/Secretary/Treas. Common Stock Par Value $1.00 2012-02-23 4 A 0 12000 2.22 A 102142 D Following the transactions reported on this Form 4, Mr. Brace has beneficial ownership of 102,142 shares, comprised of 54,354 shares owned and restricted stock awards representing 47,788 shares. Restricted Shares vest at 40% on February 23, 2014 and 60% on February 23, 2017. /s/ James F Brace 2012-02-27