Crexendo, Inc. — Director's Dealing 2012

May 17, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Crexendo, Inc. (EXE)
CIK: 0001075736
Period of Report: 2012-05-15

Reporting Person: MIHAYLO STEVEN G (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-15	Common Stock	M	9678	$3.30	Acquired	4319678	Indirect
2012-05-15	Common Stock	M	8322	$4.08	Acquired	4328000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-15	Common Stock	$3.30	M	9678	Disposed	2020-07-16	Common Stock (9678)	Direct
2012-05-15	Common Stock	$4.08	M	8322	Disposed	2022-03-01	Common Stock (8322)	Direct