GAIA, INC — Director's Dealing 2008

Jul 3, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GAIAM, INC (GAIA)
CIK: 0001089872
Period of Report: 2008-06-03

Reporting Person: RAY PAUL H (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-03	Option (right to buy)	$14.99	A	5000	Acquired	2015-06-02	Class A Common Stock (5000)	Direct

Footnotes

F1: Option vests 50% on July 1, 2008 and 50% on July 1, 2010.