TERAWULF INC. — Director's Dealing 2014

Mar 13, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IKONICS CORP (IKNX)
CIK: 0001083301
Period of Report: 2014-03-11

Reporting Person: Hegman Kenneth D. (VP of Sales North America)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-11	Common Stock	M	750	$7.39	Acquired	750	Direct
2014-03-11	Common Stock	S	375	$26.6402	Disposed	375	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-11	Stock Option (right to buy)	$7.39	M	750	Disposed	2015-04-29	Common Stock (750)	Direct

Footnotes

F1: Reflects the weighted average price of 375 shares of common stock of Ikonics Corporation sold by the reporting person in multiple transactions on March 11, 2014 with sale prices ranging from $26.50 to $27.00 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F2: Fully vested.