GAIA, INC — Director's Dealing 2006

Apr 29, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GAIAM INC (GAIA)
CIK: 0001089872
Period of Report: 2006-04-28

Reporting Person: MATHEWS JANET (Chief Adminstrative Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-04-28	Common Stock	M	30000	$4.375	Acquired	30600	Direct
2006-04-28	Common Stock	S	30000	$14.00	Disposed	600	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-04-28	Stock Option (right to buy)	$4.375	G	30000	Acquired	2006-06-01	Common Stock (30000)	Direct
2006-04-28	Stock Option (right to buy)	$4.375	M	30000	Disposed	2006-06-01	Common Stock (30000)	Direct

Footnotes

F1: Options were assigned to Reporting Person from Jirka Rysavy, Chairman and CEO of the Issuer.

F2: Sale pursuant to a privately negotiated transaction.