X0202 4 2007-02-14 0 0001023966 ISONICS CORP ISON 0001197710 SAKYS JOHN V C/O ISONICS CORPORATION 5906 MCINTYRE STREET GOLDEN CO 80403 1 1 0 0 COO, Interim CEO Common Stock 1143 D Stock Option 1.69 2007-02-14 4 H 0 100000 0 D 2001-05-23 2011-05-23 Common Stock 100000 0 D Stock Option 1.13 2007-02-14 4 H 0 7812 0 D 2002-03-28 2007-03-28 Common Stock 7812 0 D Stock Option 0.90 2007-02-14 4 H 0 25000 0 D 2003-03-03 2013-03-03 Common Stock 25000 0 D Stock Option 4.64 2007-02-14 4 H 0 75000 0 D 2005-02-22 2015-02-22 Common Stock 75000 0 D Stock Option 1.96 2007-02-14 4 H 0 50000 0 D 2006-02-14 2016-02-08 Common Stock 50000 0 D Stock Option 1.15 2007-02-14 4 H 0 75000 0 D 2006-05-23 2016-05-04 Common Stock 75000 0 D Stock Option 1.94 2007-02-14 4 A 0 400000 0 A 2007-02-14 2012-02-13 Common Stock 400000 400000 D Such incentive stock options vest at a rate of 25,000 shares immediately on the date of the grant (May 23, 2001) and 25,000 shares on each anniversary of the grant date in each of the years 2002, 2003, and 2004. All incentive stock options are currently vested. Surrendered and cancelled by agreement on February 15, 2007. This transaction is exempt by reason of Rule 16b-3(d). Options granted by resolution of the Compensation Committee of the Board of Directors as consideration for salary deferral. The grant of the options is subject to acceptance by the reporting person by no later than April 30, 2002, which acceptance was received. Surrendered and cancelled by agreement on February 15, 2007. Options granted by resolution of the Compensation Committee of the Board of Directors pursuant to the 1996 Executives' Equity Incentive Plan. The grant of the options is subject to acceptance by the reporting person, which acceptance was received on March 4, 2003. Surrendered and cancelled by agreement on February 15, 2007. Options granted by resolution of the Compensation Committee of the Board of Directors pursuant to the 1996 Executives' Equity Incentive Plan. The grant of the options is subject to acceptance by the reporting person, which acceptance was received on February 22, 2005. Surrendered and cancelled by agreement on February 15, 2007. Such incentive stock options vest at a rate of 18,750 shares immediately on the date of the grant (February 22, 2005) and 18,750 shares on each anniversary of the grant date in each of the years 2006, 2007, and 2008. Incentive stock options granted by resolution of the Compensation Committee of the Board of Directors pursuant to the 2005 Stock Option Plan. The grant of the options is subject to acceptance by the reporting person, which acceptance was received on February 14, 2006. Surrendered and cancelled by agreement on February 15, 2007. Such incentive stock options vest at a rate of 12,500 shares immediately on the date of acceptance (February 14, 2006) and 12,500 shares on February 9, 2007, February 9, 2008, and February 9, 2009. Surrendered and cancelled by agreement on February 15, 2007. Non-qualified options granted by resolution of the Compensation Committee of the Board of Directors pursuant to the 2005 Stock Option Plan. The grant of the options is subject to acceptance by the reporting person, which acceptance was received on May 23, 2006. Surrendered and cancelled by agreement on February 15, 2007. Options vest at a rate of 18,750 shares immediately on the date of acceptance (May 23, 2006) and 18,750 shares on May 5, 2007, May 5, 2008, and May 5, 2009. Options granted on February 14, 2007 pursuant to the 2007 Restructuring Equity Plan. Such options vested immediately upon grant. The grant of options is subject to acceptance by the reporting person, which acceptance was received on February 15, 2007. Effective February 13, 2007, Isonics effected a 1:4 reverse stock split, this option grant reflects post-split shares. /s/ John V. Sakys 2007-02-15