X0306 4 2013-07-25 0 0001547459 Natural Grocers by Vitamin Cottage, Inc. NGVC 0001552608 Buffa Sandra C/O NATURAL GROCERS BY VITAMIN COTTAGE, INC. 12612 WEST ALAMEDA PKWY LAKEWOOD CO 80228 0 1 0 0 Chief Financial Officer Common Stock 2013-07-25 4 M 0 29740 0 A 219616 D Restricted Stock Units 2013-07-25 4 M 0 29740 D 2013-07-25 2013-07-25 Common Stock 29740 29741 D Represents shares of NGVC common stock issued to the reporting person upon the vesting of 29,740 restricted stock units on July 25, 2013, where each restricted stock unit represented the economic equivalent of one share of NGVC common stock. Each restricted stock unit represents a contingent right to receive one share of NGVC common stock. /s/ Kemper Isely, by Power of Attorney 2013-07-25