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DYADIC INTERNATIONAL INC Director's Dealing 2005

May 26, 2005

34670_dirs_2005-05-26_75c2008a-aa05-4745-b43c-54c7dc894fd3.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: DYADIC INTERNATIONAL INC (DIL)
CIK: 0001213809
Period of Report: 2005-05-26

Reporting Person: EMALFARB MARK A (Director, President, CEO & Chairman, 10% Owner)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 5570827 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Warrant $3.33 2013-05-29 Common Stock (1092500) Indirect
Convertible Note $3.33 Common Stock (251298) Indirect
Warrant $5.50 2009-10-29 Common Stock (183934) Indirect

Footnotes

F1: Represents shares held by the Mark A. Emalfarb Trust U/A/D October 1, 1997, for which Mr. Emalfarb is the sole beneficiary
and serves as sole trustee.

F2: Represents securities held by the Mark A. Emalfarb Trust U/A/D October 1, 1997, for which Mr. Emalfarb is the sole
beneficiary and serves as sole trustee.

F3: Not applicable.