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TERAWULF INC. Director's Dealing 2007

Jun 4, 2007

31209_dirs_2007-06-04_a7a71a1c-505f-4891-8464-0854c248e358.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IKONICS CORP (IKNX)
CIK: 0001083301
Period of Report: 2007-06-01

Reporting Person: SIMONSON GERALD W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-01	Common Stock	M	2175	$2.0833	Acquired	110798	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-01	Common Stock Option (right to buy)	$2.0833	M	2175	Disposed	2007-06-03	Common Stock (2175)	Direct

Footnotes

F1: The option was previously reported as covering 1450 shares at an exercise price of $3.125 per share, but was adjusted to reflect the 3-for-2 stock split on May 13, 2004.

F2: Not applicable.