X0202 4 2004-01-15 0 0000749660 ICAD INC icad 0000902740 HOWARD ROBERT 303 EAST 57TH STREET NEW YORK NY 10022 1 0 1 0 Common Stock 2004-01-15 5 G 0 E 100000 0 D 2986863 D Common Stock 2004-06-28 5 G 0 E 33700 0 D 2953163 D Common Stock 20000 I By Spouse Common Stock 2000000 I By RH Research Convertible Revolving Credit Promissory Note 2.5 2004-12-22 4 D 0 200000 200000 D 2002-06-06 Common Stock 80000 0 D Convertible Revolving Credit Promissory Note 2.28 2004-12-22 4 D 0 30000 30000 D 2003-04-22 Common Stock 13158 0 D Convertible Revolving Credit Promissory Note 1.97 2004-12-22 4 D 0 200000 200000 D 2003-06-19 Common Stock 101523 0 D Convertible Revolving Credit Promissory Note 2.09 2004-12-22 4 D 0 400000 400000 D 2003-06-27 Common Stock 191388 0 D Convertible Revolving Credit Promissory Note 2.18 2004-12-22 4 D 0 275000 275000 D 2003-07-18 Common Stock 126147 0 D Convertible Revolving Credit Promissory Note 3 2004-12-22 4 D 0 200000 200000 D 2003-07-25 Common Stock 66667 0 D Convertible Revolving Credit Promissory Note 2.8 2004-12-22 4 D 0 125000 125000 D 2003-08-01 Common Stock 44643 0 D Convertible Revolving Credit Promissory Note 3.18 2004-12-22 4 D 0 1000000 1000000 D 2003-09-11 Common Stock 314465 0 D Convertible Revolving Credit Promissory Note 3.24 2004-12-22 4 D 0 500000 500000 D 2003-09-18 Common Stock 154321 0 D Convertible Revolving Credit Promissory Note 3.14 2004-12-22 4 D 0 200000 200000 D 2003-10-15 Common Stock 63694 0 D Convertible Revolving Credit Promissory Note 3.71 2004-12-22 4 D 0 150000 150000 D 2003-10-21 Common Stock 40431 0 D Convertible Revolving Credit Promissory Note 4.93 2004-12-22 4 D 0 50000 50000 D 2003-11-04 Common Stock 10143 0 D The exercise price of each of the Convertible Revolving Credit Promissory Notes (the "Notes") is the lesser of: (i) the closing sale price of the underlying common stock on the date the funds under each Note were advanced to the issuer (which is the conversion price noted in column 2) or (ii) the closing sale price of the common stock on the business day immediately preceding the conversion date of the Note. The reported transaction reflects the repayment by the issuer of the Notes prior to any convesion of the Notes. The Notes do not have expiration dates. The number of shares reported as issuable upon exercise of the Notes is based upon the per share conversion price established on the date the funds under the Notes were advanced by the reporting person to the issuer. The number of shares issuable upon conversion of the Notes is subject to increase pursuant to the terms of the notes as discussed in footnote (1) above. /s/ Annette Heroux, Attorney-in-Fact 2004-12-27