X0202 3 2006-03-15 0 0000912365 KFX INC KFX 0001356079 Coolidge Dennis W 55 MADISON STREET SUITE 500 DENVER CO 80206 0 1 0 0 Senior VP-Engineering & Oper. Stock Option (Right to Buy) 14.02 2012-06-20 Common Stock 120000 D The option becomes exercisable in five equal annual installments on June 21, 2006, 2007, 2008, 2009 and 2010. Dennis W. Coolidge 2006-03-16