A method and apparatus for accelerating a software transactional memory (STM) system is described herein. Annotation field are associated with lines of a transactional memory. An annotation field associated with a line of the transaction memory is initialized to a first value upon starting a transaction. In response to encountering a read operation in the transaction, then annotation field is checked. If the annotation field includes a first value, the read is serviced from the line of the transaction memory without having to search an additional write space. A second and third value in the annotation field potentially indicates whether a read operation missed the transactional memory or a tentative value is stored in a write space. Additionally, an additional bit in the annotation field, may be utilized to indicate whether previous read operations have been logged, allowing for subsequent redundant read logging to be reduced.