LIGHTBRIDGE Corp — Director's Dealing 2007

Dec 7, 2007

SEC Form 4/A — Form 4/A

Issuer: Thorium Power, Ltd (THPW.OB)
CIK: 0001084554
Period of Report: 2007-12-05

Reporting Person: GRAE SETH (Director, President and Chief Executive)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-05	Common Stock	A	363108	—	Acquired	13593508	Direct
2007-12-05	Common Stock	D	145243	$0.35	Disposed	13448265	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-05	Stock Option (Right to Buy)	$0.35	A	1089324	Acquired	2017-12-04	Common Stock (1089324)	Direct
2007-12-05	Stock Option (Right to Buy)	$0.45	A	5000000	Acquired	2015-12-04	Common Stock (5000000)	Direct

Footnotes

F1: On December 5, 2007, the Issuer granted 363,108 shares of its common stock to Mr. Grae as part its annual equity compensation
to its employees

F2: The Issuer redeemed 145,243 shares from Mr. Grae on December 5, 2007. Proceeds of this redemption were paid directly to
federal and/or state taxing authorities to cover Mr. Grae's tax liability relating to the grant of 363,108 shares of common
stock to Mr. Grae.

F3: On December 5, 2007, the Issuer granted to Mr. Grae an incentive stock option for the purchase of 1,089,324 shares of the
Issuer's common stock as part of its annual equity compensation to its employees.

F4: On December 5, 2007, the Issuer granted to Mr. Grae an incentive stock option for the purchase of 5,000,000 shares of the
Issuer's common stock as compensation for past services as an officer and director of the Issuer.