X0202 4 2006-03-17 0 0000913614 ADVANCED NUTRACEUTICALS INC/TX ANII 0001008071 PUSEY GREGORY 106 S. UNIVERSITY BOULEVARD #14 DENVER CO 80209 1 1 1 0 President and CEO Common Stock 2006-03-17 4 M 0 25000 .506 A 476555 D Common Stock 2006-03-17 4 F 0 3721 3.4 D 476555 D Common Stock 11008 I By spouse Common Stock 174 I By Cambridge Holdings, Ltd. Common Stock 13704 I By children Option (Right to Buy) .506 2006-03-17 4 M 0 25000 0 D 2005-09-16 2007-09-16 Common Stock 25000 0 D Option (Right to Buy) 4.345 2005-07-12 2010-01-12 Common Stock 60000 60000 D Option (Right to Buy) 11.36 2000-12-14 2009-12-14 Common Stock 12500 12500 D Reporting Person is the President of Cambridge Holdings, Ltd. Represents the Reporting Person's direct beneficial ownership following all transactions reported on this Form 4. Includes 11,765 shares held by Gregory Pusey IRA and 72,500 shares of common stock underlying options to purchase common stock, whether or not presently exercisable. Includes 9,228 shares held by Jill Pusey IRA. Options were granted for no consideration. Options vest in three equal annual installments, beginning on this date. /s/ Gregory Pusey 2006-03-21