X0202 4 2008-02-05 0 0000819551 ILX RESORTS INC ILX 0001221586 GREENHOLTZ WAYNE 1025 SOUTH BUTLER WAY LAKEWOOD CO 80226 1 0 0 0 Common Stock 2008-02-05 4 J 0 16667 3 A 23667 D Option to Purchase Common Stock 7.57 2006-06-26 4 X 0 5000 7.57 D 2005-02-19 2009-02-20 Common 5000 5000 D See Explanation of Responses. February 5, 2008 Transaction: Shares issued in February 5, 2008 transaction partial satisfaction of a Promissory Note. Price determined on date of Board of Directors approval (01/25/2008). Shares issued on day following American Stock Exchange approval of Additional Listing Application. Wayne M. Greenholtz 2008-02-05