X0202 5 2004-12-31 0 0 0 0000911002 LODGENET ENTERTAINMENT CORP LNET 0001031737 PETERSEN SCOTT C 3900 W INNOVATION ST SIOUX FALLS SD 57107-7002 1 1 0 0 President & CEO Common Stock 136843 D Common Stock 128200 I Owned by Spouse Common Stock 4100 I Owned by Minor Children Common Stock 2050 I Owned by Adult Son Nonqualified Stock Options 10.85 2005-12-12 Common Stock 40000 40000 D Nonqualified Stock Options 16.71 2007-01-13 Common Stock 20000 20000 D Nonqualified Stock Options 10.96 2008-07-20 Common Stock 100000 100000 D Nonqualified Stock Options 23.50 2010-02-16 Common Stock 50000 50000 D Nonqualified Stock Options 15.84 2010-12-19 Common Stock 60000 60000 D Nonqualified Stock Options 16.50 2011-12-16 Common Stock 80000 80000 D Nonqualified Stock Options 10.19 2012-12-17 Common Stock 57500 57500 D Nonqualified Stock Options 18.41 2014-01-08 Common Stock 13400 13400 D Incentive Stock Option 18.41 2014-01-08 Common Stock 21600 21600 D Exercisable upon vesting: 25% vest upon 1st anniversary; 25% vest upon 2nd anniversary; 25% vest upon 3rd anniversary; 25% vest upon 4th anniversary. Scott C. Petersen 2005-02-11