X0202 4/A 2004-11-04 2004-11-17 0 0001048620 GRANITE CITY FOOD & BREWERY LTD GCFB 0001117492 BLUESTEM CAPITAL PARTNERS III LTD PARTNERSHIP 122 S. PHILLIPS AVENUE, SUITE 300 SIOUX FALLS SD 57104 0 0 1 0 Common Stock 2004-11-04 5 C 0 E 1265822 0 A 1367070 D Common Stock 2004-11-09 4 X 0 413658 1.58 A 1780728 D Series A Convertible Preferred Stock 1.58 2004-11-04 5 C 0 E 20000 100 D Common Stock 1265822 0 D Common Stock Warrants 1.58 2004-11-09 4 X 0 632908 0 D Common Stock 632908 0 D The Series A Convertible Preferred Stock were automatically converted to 1,265,822 common shares of Issuer. The warrants were exercised using a cashless method, whereby reporting person received 413,658 shares of common stock of Issuer. The Series A Convertible Preferred Stock were immediately convertible upon their respective purchase dates as follows: 3,334 shares on 10/01/2002; 3,334 shares on 11/27/2002; 6,666 shares on 12/20/2002; and 6,666 shares on 03/20/2003. The Series A Convertible Preferred Stock does not have an expiration date. The warrants were exercisable upon their respective issue dates as follows: 105,506 warrants on 10/01/2002; 105,506 warrants on 11/27/2002; 210,948 warrants on 12/20/2002; and 210,948 warrants on 03/20/2003. The warrants expired five years from their respective issuance dates as set forth in note 5. The warrants were issued for no additional consideration in connection with reporting person's prior purchase of Series A Convertible Preferred Stock. Sandy Horst, CFO of General Partner 2004-12-20