X0202 4 2006-01-27 0 0000825521 OBSIDIAN ENTERPRISES INC OBDE 0001131157 DURHAM TIMOTHY S 111 MONUMENT CIRCLE SUITE 3680 INDIANAPOLIS IN 46204 1 1 1 0 Chairman and CEO Common Stock 2006-01-27 4 J 0 154862 D 0 D Common Stock 2006-01-27 4 J 0 2800984 A 2800984 I By Black Rock Acquisition Corporation The Reporting Person disposed of these shares in connection with a Subscription Agreement dated January 27, 2006. The shares were transferred to Black Rock Acquisition Corporation pursuant to the terms of the acquisition of shares by Black Rock Acquisition Corporation (of which the Reporting Person is a shareholder) pursuant to the Subscription Agreement for consideration other than cash. Represents shares of common stock acquired by Black Rock Acquisition Corporation. The Reporting Person disclaims beneficial ownership of any securities held by Black Rock Acquisition Corporation except to the extent of his pecuniary interest in Black Rock Acquisition Corporation 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. /s/ Timothy S. Durham 2006-01-31