X0202 4 2007-05-31 0 0000869487 TANDY BRANDS ACCESSORIES INC TBAC 0000903774 JENKINS J S B 690 EAST LAMAR BLVD., SUITE 200 ARLINGTON TX 76011 1 1 1 0 President and CEO Common Stock, $1.00 par value per share 2007-05-31 4 A 0 527.2694 12.0626 A 2519.9556 I By Stock Purchase Program Common Stock, $1.00 par value per share 13229.7966 I By 401(k) Plan Common Stock, $1.00 par value per share 432621 D Phantom Stock 2007-05-31 4 A 0 353.0896 12.052 A Common Stock 353.0896 79942.6555 D On May 31, 2007, the Tandy Brands Accessories, Inc. Stock Purchase Program purchased, in a transaction exempt under Rule 16b-3, 527.2694 shares of common stock for the reporting person's account. Such shares were purchased at approximately $12.0626 per share, the average of the closing prices of the common stock on the NASDAQ Global Market for each trading day in the month of May 2007 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. The phantom stock units convert to shares of Tandy Brands Accessories, Inc. common stock, $1.00 par value per share, on a one-for-one basis. The phantom stock units held pursuant to the Tandy Brands Accessories, Inc. Benefit Restoration Plan will be settled in cash in a single lump sum distribution on the earlier of (i) the first day of the first month following termination of employment or retirement, which is a date no earlier than five years from the date of the reporting person's election, or (ii) the first day of the first month following the reporting person's termination of employment. /s/ Mark J. Flaherty as attorney-in-fact for J.S.B. Jenkins 2007-06-04