GAIA, INC — Director's Dealing 2003

Nov 20, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GAIAM INC (GAIA)
CIK: 0001089872
Period of Report: 2003-11-20

Reporting Person: POWERS LYNN (Director, President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-20	Stock Option (Right to Buy)	$5.30	A	200000	Acquired	2010-11-20	Class A Common Stock (200000)	Direct

Footnotes

F1: Granted pursuant to Issuer's 1999 Long-Term Incentive Plan. This Option vests at a rate of 2% monthly beginning September 2004.