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TERAWULF INC. Director's Dealing 2008

Apr 21, 2008

31209_dirs_2008-04-21_e329b96f-9d44-4555-b697-a2c3490835bd.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: 2008-04-21

Reporting Person: SEVERANCE H LEIGH (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-21	Common Stock	M	2175	$2.6667	Acquired	175079	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-21	Common Stock (right to buy)	$2.6667	M	2175	Disposed	2008-04-24	Common Stock (2175)	Direct

Footnotes

F1: This option was previously reported as covering 1,450 shares at an exercise price of $4.00 per share, but was adjusted to reflect the 3-for-2 stock split on May 13, 2004.

F2: Not applicable.