X0202 4 2005-11-17 0 0001139683 BLUE HOLDINGS, INC. BLHL 0000925236 GELLER MARSHALL S C/O BLUE HOLDINGS, INC. 5804 E. SLAUSON AVENUE COMMERCE CA 90040 1 0 0 0 Option to Purchase Common Stock 8.10 2005-11-17 4 J 0 30000 0 D 2015-08-05 Common Stock 30000 0 D The Reporting Person transferred the option to a partnership of which he is one of three general partners. The right to purchase 10,000 of the underlying shares is exercisable immediately, and the right to purchase the remaining underlying shares vests annually over the two years following the grant date. Marshall Geller 2005-12-02