X0201 4 2004-03-11 0000825521 OBSIDIAN ENTERPRISES INC OBDE 0001256197 WHITESELL TERRY G 111 MONUMENT CIRCLE SUITE 4800 INDIANAPOLIS, IN 46204 1 1 1 0 President Common Stock 2004-03-11 4 C 0 1502348 A 1502348 I By Obsidian Capital Partners, L.P. Common Stock 2004-03-11 4 C 0 305144 A 305144 I By Obsidian Capital Partners, L.P. Common Stock 137717 D Series C Preferred Stock 2004-03-11 4 C 0 1502348 D 2004-03-11 Common Stock 1502348 0 I By Obsidian Capital Partners, L.P. Series D Preferred Stock 2004-03-11 4 C 0 305144 D 2004-03-11 Common Stock 305144 0 I By Obsidian Capital Partners, L.P. Amounts reflect the 50-for-1 reverse stock split that became effective on February 18, 2004. Represents number of shares of common stock acquired upon conversion of shares of Series C Preferred Stock. The Reporting Person disclaims beneficial ownership of any securities held by Obsidian Capital Partners, L.P. ("OCP") except to the extent of his pecuniary interest and this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Represents number of shares of common stock acquired upon conversion of shares of Series D Preferred Stock. The Reporting Person disclaims beneficial ownership of any securities held by OCP except to the extent of his pecuniary interest and this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Terry G.'Whitesell 2004-03-11