X0202 4/A 2008-02-25 2008-02-27 0 0001294538 Great Wolf Resorts, Inc. WOLF 0001215430 CALDER JAMES A 122 WEST WASHINGTON AVENUE MADISON WI 53703 0 1 0 0 CFO Common Stock 2008-02-25 2008-02-25 4 A 0 41881 0.00 A 67469 D Common Stock 2008-02-25 2008-02-25 4 F 0 19949 7.87 D 47520 D Common Stock 2008-02-25 2008-02-25 4 A 0 3273 0.00 A 50793 D Common Stock 2008-02-25 2008-02-25 4 F 0 511 7.87 D 50282 D Reporting Person was awarded 41,881 shares of common stock related to an award earned under the issuer's 2004 Incentive Stock Plan. The issuer withheld 19,949 shares as payment of Reporting Person's income tax withholding in connection with the award. Computation of the number of shares withheld for payment of tax was based upon the closing price of issuer's stock on the date of grant. These 41,881 shares of common stock relating to an award earned under the issuer's 2004 Incentive Stock Plan were omitted from the Reporting Person's Form 4 filed February 27, 2008. This line is re-reported for the purpose of including footnote (1). Reporting Person was granted the restricted shares of common stock under the issuer's 2004 Incentive Stock Plan. The shares vest as to 33-1/3% of the total immediately, 33-1/3% of the total on December 31, 2008, and 33-1/3% of the total on December 31, 2009. The issuer withheld 511 shares as payment of Reporting Person's income tax withholding in connection with the award amount that vested immediately. Computation of the number of shares withheld for payment of tax was based upon the closing price of issuer's stock on the date of grant. This line is re-reported for the purpose of including footnote (4). /s/ James A. Calder 2008-02-28