7.	STOCK REPURCHASE PROGRAM:

The Board of Directors approved a stock purchase program authorizing the repurchase of up to

$4,000

of its common stock. The timing and amount of any share repurchases will be determined by Butler National’s management based on market conditions and other factors. The program is currently authorized through

May 1, 2021.

The table below provides information with respect to common stock purchases by the Company during the year ended

April 30, 2020

Period	Total Number of Shares Purchased		Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs		Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
Program authorization							$	500
Shares purchased in prior periods		853,537	$	0.26		853,537	$	281
Increase in program authorization April 2018 (b)		-	$	-		-	$	531
Quarter ended July 31, 2018 (a)		25,277	$	0.26		25,277	$	525
Quarter ended October 31, 2018 (a)		480,805	$	0.30		480,805	$	381
Quarter ended January 31, 2019 (a)		186,727	$	0.34		186,727	$	317
Quarter ended April 30, 2019 (a)		580,705	$	0.38		580,705	$	94
Increase in program authorization April 2019 (c)		-	$	-		-	$	1,569
Quarter ended July 31, 2019 (a)		120,821	$	0.35		120,821	$	1,526
Increase in program authorization October 2019 (d)		-	$	-		-	$	3,301
Quarter ended October 31, 2019 (a)		206,050	$	0.46		206,050	$	3,206
Quarter ended January 31, 2020 (a)		267,468	$	0.70		267,468	$	3,019
Quarter ended April 30, 2020 (a)		25	$	0.41		25	$	3,019
Total		2,721,415	$	0.36		2,721,415

	(a)	These shares of common stock purchased were purchased through private transactions
	(b)	Board of Directors increased program authorization from $500 to $750
	(c)	Board of Directors increased program authorization from $750 to $2,225
	(d)	Board of Directors increased program authorization from $2,225 to $4,000