X0202 4 2007-01-24 0 0001167419 AspenBio Pharma, Inc. APNB 0001008071 PUSEY GREGORY 106 S UNIVERSITY BLVD., #14 DENVER CO 80209 1 1 0 0 Chairman Common Stock 625341 D Common Stock 57913 I By IRA Common Stock 73155 I By Wife and Wife's IRA Common Stock 54126 I By Child Common Stock 3107 D Common Stock 264166 I By Cambridge Holdings Ltd Warrants 1.5 2002-07-05 2007-07-05 Common Stock 100000 100000 I By Cambridge Holdings Ltd Stock Options 1.21 2005-01-19 2014-01-19 Common Stock 100000 100000 D Warrants 1.5 2004-08-19 2009-08-19 Common Stock 28571 28571 I By Cambridge Holdings Ltd Stock Options 0.8 2005-03-28 2015-03-28 Common Stock 250000 250000 D Warrants 1.35 2005-05-06 2010-05-06 Common Stock 23000 23000 D Warrants 1.35 2005-05-06 2010-05-06 Common Stock 10009 10009 I By Child Stock Options 2.96 2007-01-24 4 A 0 50000 0 A 2007-01-24 2017-01-24 Common Stock 50000 50000 D The aggregate number of stock options acquired on January 19, 2004 was 100,000. One quarter (25,000) of the options vest each year for four years following the date of the grant. Held jointly with Wife. Options were granted pursuant to Board approval on January 24, 2007. The aggregate number of stock options granted was 50,000. One third (16,666) of the options vest each year for three years following the date of grant. This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d). /s/ Gregory Pusey 2007-01-25