TERAWULF INC. — Director's Dealing 2014

Jan 31, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IKONICS CORP (IKNX)
CIK: 0001083301
Period of Report: 2013-12-12

Reporting Person: Shaw Karl G. (Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-12-12	Common Stock	M	934	$7.77	Acquired	934	Direct
2013-12-12	Common Stock	S	934	$14.25	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-12-12	Stock Option (right to buy)	$7.77	M	934	Disposed	2016-03-05	Common Stock (934)	Direct

Footnotes

F1: 1,666 of the option shares vested on August 15, 2012, 1,667 of the option shares vested on August 15, 2013, and the remaining option shares will become exercisable on August 15, 2014.