X0202 4 2007-06-12 1 0000357097 ISOLAGEN INC ILE 0001263784 CIALLELLA SUSAN STRANAHAN 107 STONEPINE DRIVE KENNETT SQUARE PA 19348 0 0 0 1 Former Director and Officer Employee Stock Option (Right to Buy) 1.89 2016-04-13 Common Stock 160000 160000 D Employee Stock Option (Right to Buy) 4.7 2015-04-28 Common Stock 300000 460000 D Employee Stock Option (Right to Buy) 1.88 2016-06-05 Common Stock 300000 760000 D The reported transactions involved amendments and modifications to certain outstanding option grants. The Company and Ms. Ciallella entered into a Settlement Agreement and Release, dated as of June 8, 2007 (the "Settlement Agreement"). Under the original terms of this option grant, the option was to vest in 12 equal installments on a quarterly basis over a three year period commencing July 13, 2006. Pursuant to the terms of the Settlement Agreement, the amount is fully vested and will expire 10 years from the date of its original issue date. This option is fully vested and will expire 10 years from the date of its original issue date. The terms of this option was not modified by the Settlement Agreement. Pursuant to the terms of the Settlement Agreement, the number of shares of the Company's common stock subject to the June 2006 Non-Qualified Stock Option grant was reduced from 400,000 to 300,000 shares, This option is fully vested and will expire 10 years from the date of its original issue date. /s/ Susan Stranahan Ciallella 2007-06-12