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"Insiders might sell their shares for any number of reasons, but they buy them for only one:
they think the price will rise" - Peter Lynch ==>> What is insider trading>> |

| Transaction & Date | Reported Date |
Company | Symbol | Insider Relationship |
Shares Traded | Average Price | Total Amount |
Shares Ownership |
Filing |
| 2007-08-07 Purchase |
2007-08-07 7:28 pm | THORNBURG MORTGAGE INC | TMA | BADAL JOSEPH H (SEVP Director) | 5,000 | $21.95 | $109,750 | 58,327 (Direct) | View |
| 2005-10-13 Purchase |
2005-10-13 2:26 pm | THORNBURG MORTGAGE INC | TMA | BADAL JOSEPH H (Senior Exec Vice President Director) | 10,000 | $22.83 | $228,300 | 50,154 (Direct) |
View |
| 2004-05-10 Purchase |
2004-05-10 1:26 pm |
THORNBURG MORTGAGE INC | TMA | BADAL JOSEPH H (Exec Vice President Director) | 10,000 | $23.08 | $230,800 | 37,297 (Direct) |
View |
| Transaction & Date | Reported Date | Company | Symbol | Insider Relationship |
Shares Traded | Average Price |
Total Amount | Shares Ownership | Filing |
| 2007-01-26- -2007-05-15 Other | 2007-08-07 7:28 pm | THORNBURG MORTGAGE INC | TMA | BADAL JOSEPH H (SEVP Director) | 824 | $26.89 | $22,157 | 53,327 (Indirect) |
View |
| 2006-08-16- -2006-11-15 Gift Other |
2006-11-20 1:16 pm | THORNBURG MORTGAGE INC | TMA | BADAL JOSEPH H (SEVP Director) | 25,012 | $0.5504 | $13,766 | 51,999 (Direct Indirect) | View |
| 2006-01-26- -2006-07-27 Other | 2006-07-28 5:14 pm |
THORNBURG MORTGAGE INC | TMA | BADAL JOSEPH H (SEVP Director) | 516 | $26.51 | $13,680 | 51,467 (Indirect) | View |
| 2005-01-21- -2005-08-29 Other | 2005-08-30 2:00 pm | THORNBURG MORTGAGE INC | TMA | BADAL JOSEPH H (Senior Exec Vice President Director) | 2,436 | $25.67 | $62,534 | 40,154 (Direct Indirect) | View |
| 2004-01-23- -2004-04-22 Other | 2004-04-26 10:55 am | THORNBURG MORTGAGE INC | TMA | BADAL JOSEPH H (Exec Vice President Director) | 3,127 | $26.06 | $81,496 | 27,297 (Indirect) |
View |
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