X0202 4 2007-01-26 0 0001091171 BLUE NILE INC NILE 0001287613 VADON MARK C C/O BLUE NILE, INC. 705 FIFTH AVENUE S, STE 900 SEATTLE WA 98104 1 1 1 0 President & CEO Common Stock 2007-01-29 4 J 0 5000 A 1356854 D Common Stock 2007-01-29 4 J 0 9000 A 1365854 D Common Stock 2007-01-26 4 S 0 9000 38.10 D 1356854 D The reporting person had contracted to sell 9,000 shares on January 17, 2007, pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Due to broker error on January 29, 2007, the sale of 5,000 shares were rescinded. The reporting person had contracted to sell 9,000 shares on January 18, 2007, pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Due to broker error, the sale was rescinded on January 29, 2007. This sale was affected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Represents the weighted average sale price. The highest price at which shares were sold was $38.64 and the lowest price at which shares were sold was $37.75 /s/ Diane M. Irvine, Power of Attorney 2007-01-30