GAIA, INC — Director's Dealing 2006

Feb 21, 2006

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: GAIAM INC (GAIA)
CIK: 0001089872
Period of Report: 2005-12-31

Reporting Person: Nark Ted C (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-06-10	Stock Option (right to buy)	$6.52	A	10000	Acquired	2012-06-10	Common Stock (10000)	Direct

Footnotes

F1: Granted on June 10, 2005 pursuant to Issuer's 1999 Long-Term Incentive Plan. The option vests in two equal installments, 50%
vested on July 1, 2005. The remaining 50% will vest on July 1, 2006.