X0202 4 2007-12-21 0001077634 IA GLOBAL INC IAO 0001385586 Margerison John LEVEL 1, CORPORATE CENTRE BUNDALL QLD AUSTRALIA 4217 0 0 1 0 Common Stock 2007-12-21 4 J 0 250000 .30 D 25066310 I See Note Common Stock 1812195 I See Note The issuer, IA Global, Inc., repurchased the shares from The McFraui Trust in a private transaction. The reported securities are owned directly by McFraui Pty Ltd as Trustee for the McFraui Trust and the reporting person is a potential beneficiary of the trust. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. The reported shares are owned directly by DJ Capital Holdings Ltd. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. /s/ John Margerison 2007-12-26