X0202 4 2007-03-01 0000796764 PREMIER EXHIBITIONS, INC. PRXI 0001354757 Reed Alan B 10 FIELDSTONE DRIVE EASTON CT 06612 1 0 0 0 Common Stock, $.0001 par value 2007-03-01 4 S 0 200 10.31 D 17273 I By Wife Common Stock, $.0001 par value 2007-03-01 4 S 0 200 10.30 D 17073 I By Wife Common Stock, $.0001 par value 2007-03-01 4 S 0 275 10.29 D 16798 I By Wife Common Stock, $.0001 par value 2007-03-01 4 S 0 200 10.28 D 16598 I By Wife Common Stock, $.0001 par value 2007-03-01 4 S 0 300 10.26 D 16298 I By Wife Common Stock, $.0001 par value 2007-03-01 4 S 0 200 10.25 D 16098 I By Wife Common Stock, $.0001 par value 4000 I As Custodian for Daughter Stock Option (Right to Buy) 3.95 2016-02-21 Common Stock, $.0001 par value 52084 52084 D These shares were sold pursuant to a Rule 10b5-1 Sales Plan adopted by Mr. Reed's wife on 2/1/2007. This option was previously reported by Mr. Reed. The option is exercisable pro rata with respect to one-third of the shares subject to the option over three years. This is the second of two Form 4s covering transactions on 3/1/2007. /s/ Alan B. Reed 2007-03-05