X0201 4/A 2003-12-31 2004-01-05 0 0000945764 DENBURY RESOURCES INC DNR 0001042613 ROBERTS GARETH 5100 TENNYSON PARKWAY SUITE 3000 PLANO TX 75024 0 1 0 0 President/CEO Common Stock 2003-12-31 4 A 0 1121 13.65 A 312566 D Stock Option 13.65 2004-01-02 4 A 0 23333 13.65 A 2008-01-02 2014-01-02 Common Stock 23333 23333 D All securities and other information on this form and subsequent forms filed as to Denbury Resources Inc. reflect the creation of a holding company organizational structure, whereby pursuant to Rule 414 under the Securities Exchange Act, on December 29, 2003, the Issuer (a former subsidiary of the previous publicly held company) became the publicly held company and the successor to the former publicly held company. Pursuant to the terms of a merger among the Issuer, the prior publicly held company and a third Denbury subsidiary, each share of old Denbury Resources Inc. became one share of new Denbury Resources Inc. Options vest 100% on January 2, 2008. Phil Rykhoek - Per Confirming Statement 2004-01-12