X0303 4 2010-05-27 1 0000813634 INTERNATIONAL ABSORBENTS INC IAX 0000936831 ELLIS GORDON LLOYD C/O INTERNATIONAL ABSORBENTS INC. 1569 DEMPSEY ROAD NORTH VANCOUVER A1 V7K 1S8 BRITISH COLUMBIA, CANADA 1 1 0 0 CEO, President Common Shares 2010-05-27 4 M 0 25000 4.7 A 0 D Common Shares 2010-05-27 4 M 0 25000 4.6 A 0 D Common Shares 2010-05-27 4 M 0 25000 3.2 A 0 D Common Shares 2010-05-27 4 M 0 25000 3.6 A 0 D Common Shares 2010-05-27 4 M 0 28170 3.55 A 0 D Common Shares 2010-05-27 4 D 0 277145 4.75 D 0 D Common Shares 2010-05-27 4 D 0 122300 4.75 D 0 I ABE Industries (1980) Inc Common Shares 2010-05-27 4 D 0 100576 4.75 D 0 I Gordann Consultants Common Shares 2010-05-27 4 D 0 15000 4.75 D 0 I Stelyconi Enterprises Ltd. Common Shares 2010-05-27 4 D 0 10000 4.75 D 0 I Shelan Development Corp. Stock Options 4.7 2010-05-27 4 M 0 25000 0 D 2009-03-30 2011-03-30 Common Shares 25000 0 D Stock Options 4.6 2010-05-27 4 M 0 25000 0 D 2010-03-30 2012-03-30 Common Shares 25000 0 D Stock Options 3.2 2010-05-27 4 M 0 25000 0 D 2013-04-03 Common Stock 25000 0 D Stock Options 3.6 2010-05-27 4 M 0 25000 0 D 2014-03-30 Common Stock 25000 0 D Stock Options 3.55 2010-05-27 4 M 0 28170 0 D 2015-09-17 Common Stock 28170 0 D Restricted Stock Units 2010-05-27 4 D 0 9390 0 D Common Stock 9390 0 D Pursuant to the Arrangement Agreement dated December 14, 2009 by and among the Issuer, IAX Acquisition Corporation and IAX Canada Acquisition Company Inc. (the "Arrangement Agreement"), effective as of May 27, 2010, each common share was acquired by IAX Canada Acquisition Company Inc. for cash consideration equal to $4.75 per share. Pursuant to the Arrangement Agreement effective May 27, 2010, these stock options, which originally provided full vesting April 3, 2013, were fully vested and exercisable. Pursuant to the Arrangement Agreement effective May 27,2010, these stock options which originally provided full vesting Mar 30, 2014, were fully vested and exercisable. Pursuant to the Arrangement Agreement effective May 27,2010, these stock options, which originally provided full vesting September 17, 2015, were fully vested and exercisable. Pursuant to the Arrangement Agreement, effective May 27, 2010, these restricted stock units were cancelled in exchange for cash consideration equal to $4.75 per restricted stock unit. Not Applicable /s/ Gordon L. Ellis 2010-06-02