LIGHTBRIDGE Corp — Director's Dealing 2007

Dec 7, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: HALLSTROM ERIK A (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-12	Common Stock	A	1000000	—	Acquired	1000000	Direct
2007-12-05	Common Stock	A	185804	—	Acquired	1185804	Direct
2007-12-05	Common Stock	D	74322	$.35	Disposed	1111482	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-12	Stock Option (Right to Buy)	$.30	A	1000000	Acquired	2017-04-12	Common Stock (1000000)	Direct
2007-12-05	Stock Option (Right to Buy)	$.35	A	557413	Acquired	2017-05-12	Common Stock (557413)	Direct

Footnotes

F1: On April 12, 2007, pursuant to the terms and conditions of an Employment Agreement dated February 1, 2007, the Issuer granted
to Mr. Hallstrom 1,000,000 shares of its common stock.

F2: On December 5, 2007, the Issuer granted 185,804 share of its common stock to the Mr. Hallstrom as part its annual equity
compensation to its employees.

F3: The Issuer redeemed 74,322 shares from Mr. Hallstrom on December 5, 2007. Proceeds of this redemption were paid directly to
federal and/or state taxing authorities to cover Mr. Hallstrom's tax liability relating to the grant of 185,804 shares of
common stock of Mr. Hallstrom.

F4: On April 12, 2007, pursuant to the terms and conditions of an Employment Agreement dated February 1, 2007, the Issuer granted
to Mr. Hallstrom an option for the purchase of 1,000,000 shares of the Issuer's common stock at an exercise price of $0.30
per share.

F5: On December 5, 2007, the Issuer granted Mr. Hallstrom an incentive stock option for the purchase of 557,413 shares of the
Issuer's common stock as part of its annual equity compensation to its employees.