X0202 4 2007-07-27 0 0000720851 NESTOR INC NEST 0001365831 JAMES MICHAEL C C/O NESTOR, INC. 42 ORIENTAL STREET PROVIDENCE RI 02908 1 0 0 0 Common Stock 2007-07-27 4 P 0 430886 .5802 A 762527 I Footnote Common Stock 5000 D Common Stock 23300 I Footnote Common Stock 4000 I Footnote Common Stock 6700 I Footnote By Kuekenhof Equity Fund, L.P. and over which shares reporting person has sole dispositive and voting power. Reporting person disclaims beneficial ownership of the securities reported, except to the extent of his pecuniary interest therein. By reporting person's mother and over which shares reporting person has sole dispositive power. Reporting person disclaims beneficial ownership of the securities reported, except to the extent of his pecuniary interest therein. By reporting person's wife By Kuekenhof Partners, L.P. and over which shares reporting person has sole dispositive and voting power. Reporting person disclaims beneficial ownership of the securities reported, except to the extent of his pecuniary interest therein. Michael C. James, by his attorney-in-fact /s/Brian R. Haskell 2007-08-01