HAVERS THOMAS R 4
4 · MERCHANTS BANCSHARES INC · Filed May 20, 2011
Insider Transaction Report
Form 4
HAVERS THOMAS R
SVP Operations
Transactions
- Award
Common Stock
2011-05-19$25.00/sh+1,431$35,775→ 18,405 total
Holdings
- 24,894(indirect: By 401(k))
Common Stock
Signature
/s/ Sarah Schmidt, POA for Thomas Havers|2011-05-20