X0202 4/A 2007-11-05 2007-11-06 0 0000728249 INTERPHASE CORP INPH 0001255185 KALUSH GREG 2901 NORTH DALLAS PKWY SUITE 200 PLANO TX 75093 1 1 0 0 President & CEO Common Stock 2007-11-05 2007-11-05 4 M 0 8722 6.5 A 63389 D Common Stock 2007-11-05 2007-11-05 4 S 0 3000 11.05 D 60389 D Stock Option (right to buy) 6.5 2007-11-05 2007-11-05 4 M 0 8722 6.5 D 2000-02-02 2008-02-02 Common Stock 8722 549978 D AUTOMATIC EXERCISE OF OPTIONS MADE PURSUANT TO A PREVIOUSLY ADOPTED RULE 10B5-1 TRADING PLAN ENTERED INTO AS OF MAY 18, 2007. THE OPTIONS BEING EXERCISED EXPIRE ON FEBRUARY 2, 2008; THEREFORE, THE OPTIONS MUST BE EXERCISED OR THEY WILL BE LOST. AUTOMATIC SALE MADE PURSUANT TO A PREVIOUSLY ADOPTED RULE 10B5-1 TRADING PLAN ENTERED INTO AS OF MAY 18, 2007. THE SALE REPRESENTS ONLY ENOUGH SHARES TO COVER TAXES AND THE COST OF EXERCISE. THE REPORTING PERSON IS HOLDING THE REMAINING SHARES. THE FORM 4 FILED BY THE REPORTING PERSON ON NOVEMBER 6, 2007 REFLECTED THE INCORRECT AMOUNT OF SECURITIES BENEFICIALLY OWNED FOLLOWING REPORTED TRANSACTION(S). /s/ Gregory Kalush 2007-11-07