X0202 3 2004-09-10 0 0000760326 OUTDOOR CHANNEL HOLDINGS INC OUTD 0001303235 MILLER RAY V C/O OUTDOOR CHANNEL HOLDINGS, INC. 43445 BUSINESS PARK DRIVE, SUITE 113 TEMECULA CA 92590 1 0 0 0 Common Stock 141220 D Common Stock 38500 I By wife Stock Option (right to buy) 35.15 2014-09-10 Common Stock 50000 D Stock Option (right to buy) 2.3077 2004-09-08 2007-12-07 Common Stock 260000 D The reported number of shares and exercise price of derivative securities are reported as of September 10, 2004 and do not reflect adjustments which will be made as a result of the automatic conversion of every two (2) shares into five (5) shares effected by the issuer in connection with its reincorporation from Alaska to Delaware on September 14, 2004. The option vests as follows: 40% of the total number of shares covered by the option ("Covered Shares") on the date three months from September 10, 2004, the date of grant, and, thereafter, in three equal annual installments of 20% of the Covered Shares each, beginning on the first anniversary of the grant date. Ray V. Miller 2004-09-10