X0202 3 2005-07-01 0 0001023734 BPZ ENERGY INC BPZI 0001263978 MILLER E BARGER III 11999 KATY FREEWAY SUITE 560 HOUSTON TX 77079 1 0 0 0 Common Stock 50000 D On July 1, 2005, the Company's Board of Directors approved a grant of 50,000 shares of restricted common stock to Mr. Miller related to his appointment as an independent director of the Company. The restricted common stock will vest in full on the second anniversary of the grant date. E. Barger Miller III 2005-07-11