X0303 4 2010-06-15 0 0001298824 PetroHunter Energy Corp PHUN 0001137539 LOTITO CARMEN J 1600 STOUT STREET, #450 DENVER CO 80202 1 0 0 0 Common Stock 200000 I By spouse Options (Right to Buy) 2.10 2011-08-11 Common Stock 750000 750000 D Options (Right to Buy) 0.50 2010-08-10 Common Stock 2000000 2000000 D Options (Right to Buy) 0.50 2012-05-21 Common Stock 500000 500000 D Options (Right to Buy) 0.20 2012-10-17 Common Stock 250000 250000 D Options (Right to Buy) 0.22 2013-08-25 Common Stock 250000 250000 D Options (Right to Buy) 0.15 2010-06-15 4 A 0 2000000 A 2015-06-15 Common Stock 2000000 2000000 D Mr. Lotito received stock options as compensation, of which 20% were exercisable upon date of grant (August 11, 2006), 20% became exercisable August 11, 2007, 20% became exercisable August 11, 2008 and 20% become exercisable on August 11, 2009 and 2010. 20% of this option was exercisable at date of grant (August 10, 2005), 20% became exercisable August 10, 2006, August 10, 2007 and August 10, 2008. The remaining 20% become exercisable on August 10, 2009. Mr. Lotito received stock options as compensation, of which 60% were exercisable upon date of grant (May 21, 2007) and 20% became exercisable on May 21, 2008 and the remaining 20% become exercisable on May 21, 2009. Mr. Lotito received stock options as compensation, of which 20% were exercisable upon date of grant (October 17, 2007), 20% become exercisable on October 17, 2008, 2009, 2010 and 2011. Mr. Lotito received stock options as compensation, of which 20% were exercisable on date of grant (August 25, 2008), 20% become exercisable on August 25, 2009, 2010, 2011 and 2012. Mr. Lotito was granted 2,000,000 options on June 15, 2010. 50% were exercisable upon date of grant and 50% become exercisable on June 15, 2011. Carmen J. Lotito 2010-06-15