X0203 3 2009-06-04 0 0000030302 DUCKWALL ALCO STORES INC DUCK 0001466523 Worth James V. 101 MADISON AVENUE SPRING LAKE NJ 07762 1 0 0 0 Stock option (right to buy 06/04/2009) 15.5 2010-06-04 2014-06-04 Common stock 20000 D The option becomes exercisable in four equal installments on June 4, 2010, 2011, 2012, and 2013. /s/ James V. Worth 2009-06-16