Simulations Plus, Inc. — Director's Dealing 2006

Jul 25, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIMULATIONS PLUS INC (SLP)
CIK: 0001023459
Period of Report: 2006-07-20

Reporting Person: DAHLEN JEFFREY A (President of Words+ subsidiary)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-07-20	SLP Stock Option	$4.5	A	10000	Acquired	2016-07-20	SLP Class A Common Stock (10000)	Direct

Footnotes

F1: 20% vesting on each anniversary of the date of grant.

F2: Price at close of business on 7/20/06.