X0306 4/A 2014-05-27 2014-06-24 0 0000728387 IsoRay, Inc. ISR 0001503593 Cavanagh William 350 HILLS STREET SUITE 106 RICHLAND WA 99354 0 1 0 0 Vice President Common Stock 2014-05-27 4 M 0 15000 0.84 A 15000 D Common Stock 2014-05-27 4 M 0 15571 0.99 A 30571 D Common Stock 2014-05-27 4 S 0 30571 2.22 D 0 D Stock Options 0.84 2014-05-27 4 M 0 15000 0 D 2020-01-08 Common Stock 15000 0 D Stock Options 0.99 2014-05-27 4 M 0 15571 0 D 2021-06-17 Common Stock 15571 7774 D right to buy. the option became exercisable in three equal installments ending on January 8, 2013. Since the date of the reporting person's last ownership report, he has transferred employee stock options to purchase an aggregate of 49,965 shares of ISR common stock to his ex-wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities by his ex-wife. the option becomes exercisable in three equal installments with two-thirds of the option shares exercisable as of June 30, 2013, and the remaining one-third will become exercisable on June 30, 2014. this amendment is required to be filed to correct an error on the original Form 4 filed on June 24, 2014. In the original Form 4 filing, footnote (2) was inadvertently added in the Section 3. Transaction Date columns in Table II for both entries, when it should have been added in Section 6., for the first entry only. s/William Cavanagh 2014-07-02