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TERAWULF INC. Director's Dealing 2008

Mar 10, 2008

31209_dirs_2008-03-10_510541df-59f8-43e1-88b8-e170dde6dd17.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: 2008-03-10

Reporting Person: PIGUET CLAUDE P (Vice President, Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-03-10	Common Stock	M	3000	$2.6667	Acquired	21675	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-03-10	Stock Option (right to buy)	$2.6667	M	3000	Disposed	2008-04-24	Common Stock (3000)	Direct

Footnotes

F1: This option was previously reported as covering 2,000 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.