X0202 4 2007-09-01 0000796764 PREMIER EXHIBITIONS, INC. PRXI 0001411609 Yaffe James C/O PREMIER EXHIBITIONS, INC. 3340 PEACHTREE ROAD, NE, SUITE 2250 ATLANTA GA 30326 1 0 0 0 Common Stock, $.0001 par value 2007-09-01 4 A 0 25000 0 A 25000 D Stock Option (Right to Buy) 15.82 2007-09-01 4 A 0 200000 0 A 2017-09-01 Common Stock, $.0001 par value 200000 200000 D These shares were awarded to Mr. Yaffe upon his appointment to the Board of Directors. This option was granted in a transaction exempt under Rule 16b-3. The option vests over five years, subject to Mr. Yaffe's re-election as a director by the Company's shareholders at each annual meeting of shareholders, at the rate of 40,000 shares on each anniversary date of his appointment as a director. /s/ James Yaffe 2007-09-05