X0201 4 2003-12-18 0 0000821113 GEXA CORP GEXC 0001260593 ZLOTNIK MARCIE 24 GREENWAY PLAZA SUITE 1826 HOUSTON X1 77046 0 0 1 0 Common Stock 2003-12-31 4 S 0 1000 8.50 D 1034019 D Common Stock 2004-01-02 4 S 0 5900 8.10 D 1028119 D Employee Stock Option (right to buy) 1.50 2003-12-18 4 D 0 300000 0 D 2003-12-18 2005-12-31 Common Stock 300000 50 D Employee Stock Option (right to buy) 1.50 2003-12-18 4 A 0 300000 0 A 2003-12-18 2005-12-31 Common Stock 300000 350000 D Employee Stock Option (right to buy) 2.00 2003-12-18 4 D 0 50000 0 D 2003-12-18 2005-12-31 Common Stock 50000 300000 D Employee Stock Option (right to buy) 1.00 2003-12-18 4 A 0 50000 0 A 2003-12-18 2005-12-31 Common Stock 50000 350000 D Includes 2,019 shares acquired by Ms. Zlotnik in non-discretionary purchases under her 401(k) plan. Amendment of outstanding option resulting in deemed cancellation and grant of replacement option. The option was originally granted on October 1, 2001. Amendment of outstanding option resulting in deemed cancellation and grant of replacement option. The option was originally granted on February 5, 2002. /s/ MARCIE ZLOTNIK 2004-01-15