X0303 4 2010-01-02 0 0001438231 Digimarc CORP DMRC 0001218987 DAVIS BRUCE W 9405 SW GEMINI DRIVE BEAVERTON OR 97008 0 1 0 0 Chairman and CEO Non-Qualified Stock Option (right to buy) 14.99 2010-01-02 4 A 0 70000 14.99 A 2020-01-02 Common Stock 70000 70000 D The shares shall vest and become exercisable with repect to 1/48th of the total number of shares granted on each monthly anniversary of the date of grant so that all shares subject ot the stock option shall be fully vested and exercisable by the end of a four-year period. By: Robert Chamness For: Bruce Davis 2010-01-05