X0201 4 2004-03-16 1 0001073508 STUDENT ADVANTAGE INC STUA.OB 0001283361 PERRY SEVIM M C/O STUDENT ADVANTAGE, INC. 280 SUMMER STREET BOSTON MA 02210 0 1 0 0 CFO, VP Finance & Asst. Treas. Common Stock Option 138.00 2004-03-16 4 J 0 250 0 D 2012-02-11 Common Stock 250 0 D Each outstanding option to purchase shares of Student Advantage, Inc. common stock was cancelled and converted into the right to receive in cash from Student Advantage, Inc. an amount, if any, equal to the product of (1) the number of shares of Student Advantage, Inc. common stock subject to such option, whether or not then exercisable, and (2) the excess, if any, of $1.05 over the exercise price per share of such option as a result of the merger of Student Advantage, Inc. with and into a wholly owned subsidiary of Athena Ventures Parent, Inc. on March 16, 2004. Ms. Perry is not entitled to receive any cash payment for such option, because the exercise price thereof exceeded $1.05. /s/ Sevim M. Perry 2004-03-16