X0304 4 2011-10-14 0 0001373485 CROSS BORDER RESOURCES, INC. XBOR 0001442281 GRAY EVERETT WILLARD II 22610 US HWY N, STE 218 SAN ANTONIO TX 78258 1 1 0 0 CEO & Chairman Stock options (right to buy) 4.8 2011-10-14 4 D 0 300000 0 D 2011-01-31 2016-01-30 Common Stock 300000 0 D Stock options (right to buy) 5.28 2011-10-14 4 D 0 125000 0 D 2012-01-31 2017-01-30 Common Stock 125000 0 D Stock options (right to buy) 5.8 2011-10-14 4 D 0 125000 0 D 2013-01-31 2018-01-30 Common Stock 125000 0 D Stock options (right to buy) 6.38 2011-10-14 4 D 0 100000 0 D 2014-01-31 2019-01-30 Common Stock 100000 0 D These options were transferred to Cross Border Resources Inc. for cancellation on October 14, 2011, and the Reporting Person was paid an aggregate purchase price of $65,000 ($0.10 per option). Everett Willard Gray, II 2011-10-14