X0202 4 2006-05-31 0 0000869487 TANDY BRANDS ACCESSORIES INC TBAC 0001337113 Lawhon David 690 EAST LAMAR BLVD. SUITE 200 ARLINGTON TX 76011 0 1 0 0 Vice President of Operations Common Stock, $1.00 par value per share 2006-05-31 4 A 0 107.46 10.4694 A 838.9838 I By Stock Purchase Program Common Stock, $1.00 par value per share 10690.1915 I By 401(k) Plan Common Stock, $1.00 par value per share 2006-05-31 4 S 0 1992 10.50 D 2287 D Common Stock, $1.00 par value per share 2006-05-31 4 S 0 500 10.51 D 1787 D Common Stock, $1.00 par value per share 2006-05-31 4 S 0 99 10.52 D 1688 D Common Stock, $1.00 par value per share 2006-05-31 4 S 0 99 10.53 D 1589 D Common Stock, $1.00 par value per share 2006-05-31 4 S 0 99 10.54 D 1490 D On May 31, 2006, the Tandy Brands Accessories, Inc. Stock Purchase Program purchased, in a transaction exempt under Rule 16b-3, 107.460 shares of common stock for the reporting person's account. Such shares were purchased at approximately $10.4694 per share, the average of the closing prices of the common stock on the NASDAQ National Market for each trading day in the month of May 2006 for which contributions were credited to the reporting person's account for the purchase of common stock. Holdings reflect shares previously acquired under the Issuer's 401(k) Plan, also known as the Tandy Brands Accessories, Inc. Employees Investment Plan. Holdings are as of March 31, 2006. /s/ Mark J. Flaherty as attorney-in-fact for David Lawhon 2006-06-01