X0306 4 2012-09-14 0001298824 PetroHunter Energy Corp PHUN 0001137539 LOTITO CARMEN J 910 16TH STREET, #208 DENVER CO 80202 1 Common Stock 200000 I By spouse Options (Right to Buy) 0.15 2012-09-14 4 A 0 1500000 A 2012-09-14 2017-09-14 Common Stock 1500000 1500000 D Options (Right to Buy) 0.15 2012-09-14 4 A 0 1500000 A 2013-09-14 2018-09-14 Common Stock 1500000 1500000 D Options (Right to Buy) 0.10 2013-07-24 4 A 0 1500000 A 2013-07-24 2018-07-24 Common Stock 1500000 1500000 D Options (Right to Buy) 0.10 2013-07-24 4 A 0 1500000 A 2014-07-24 2019-07-24 Common Stock 1500000 1500000 D Options (Right to Buy) 0.22 2013-08-25 Common Stock 250000 250000 D Options (Right to Buy) 0.15 2015-06-15 Common Stock 2000000 2000000 D Options (Right to Buy) 0.15 2011-07-12 2016-07-12 Common Stock 1500000 1500000 D Options (Right to Buy) 0.15 2012-07-12 2017-07-12 Common Stock 1500000 1500000 D Mr. Lotito received stock optins 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. Options issued as compensation. /s/ Carmen J. Lotito 2013-07-26