X0306 4 2013-07-10 0000911650 NAVARRE CORP /MN/ NAVR 0001562605 Bryant Monroe David JR 7400 49TH AVE. N. NEW HOPE MN 55428 1 Common Stock 2013-07-10 4 A 0 118204 1.6926 A 3924684 D Issuance by the Issuer of its common stock in connection with the contingent consideration component for the SpeedFC Merger Transaction as approved by the Issuer's shareholders on November 20, 2012 and described in the Issuer's Current Report on Form 8-K, filed on November 21, 2012. The Reporting Person's contingent right to receive additional shares became fixed and irrevocable on November 20, 2012, the effective date of the merger. For the purpose of determining the number of shares of Common Stock issuable as contingent consideration payable to the SpeedFC equity holders, the Merger Agreement, as amended, provided that the Issuer's common stock would be valued at $1.6926. No additional consideration was paid by the Reporting Person to the Issuer in connection with this issuance of shares. /s/ Monroe David Bryant, Jr. 2013-07-11