GAIA, INC — Director's Dealing 2008

May 27, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GAIAM, INC (GAIA)
CIK: 0001089872
Period of Report: 2008-05-21

Reporting Person: POWERS LYNN (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-21	Class A Common Stock	M	110000	$10.16	Acquired	209000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-21	Stock Option (Right to Buy)	$10.16	M	110000	Disposed	2008-05-23	Class A Common Stock (110000)	Direct

Footnotes

F1: Granted pursuant to Issuer's 1999 Long-Term Incentive Plan. Option vested at a rate of 2% monthly beginning March 2002.