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"Insiders might sell their shares for any number of reasons, but they buy them for only one:
they think the price will rise" - Peter Lynch ==>> What is insider trading>> |

| Transaction & Date | Reported Date |
Company | Symbol | Insider Relationship |
Shares Traded | Average Price | Total Amount |
Shares Ownership |
Filing |
| 2005-06-15- -2005-06-16 Sale |
2005-06-17 2:37 pm | ARI NETWORK SERVICES INC | ARIS | HORN JEFFREY E (VP North American Sales) | 5,000 | $2.515 | $12,575 | 2,068 (Direct) | View |
| 2005-06-07- -2005-06-09 Sale |
2005-06-09 5:54 pm | ARI NETWORK SERVICES INC | ARIS | HORN JEFFREY E (VP North American Sales) | 9,000 | $2.731 | $24,575 | 7,068 (Direct) |
View |
| Transaction & Date | Reported Date |
Company | Symbol | Insider Relationship |
Shares Traded |
Average Price |
Total Amount | Shares Ownership |
Filing |
| 2005-06-07 Exercise | 2005-06-09 5:54 pm |
ARI NETWORK SERVICES INC | ARIS | HORN JEFFREY E (VP North American Sales) | 5,000 | $0.28 | $1,400 | 16,068 (Direct) | View |
| 2004-03-09 Exercise | 2004-03-10 10:11 am | ARI NETWORK SERVICES INC | ARIS | HORN JEFFREY E (VP North American Sales) | 5,000 | $0.28 | $1,400 | 11,068 (Direct) |
View |
| Transaction & Date |
Reported Date | Exercisable Expiration |
Company | Symbol | Insider Relationship |
Shares Traded | Conversion Price |
Shares Ownership | Filing |
| 2005-02-07 Exercise | 2005-06-09 5:54 pm | N/A 2012-12-12 | ARI NETWORK SERVICES INC | ARIS | HORN JEFFREY E (VP North American Sales) | 5,000 | $0.28 | 10,000 (Direct) | View |
| 2004-10-12 Option Award | 2004-10-14 4:27 pm | N/A 2014-10-12 |
ARI NETWORK SERVICES INC | ARIS | HORN JEFFREY E (VP North American Sales) | 22,500 | $1.35 | 22,500 (Direct) |
View |
| 2004-03-09 Exercise | 2004-03-10 10:11 am | N/A 2012-12-12 | ARI NETWORK SERVICES INC | ARIS | HORN JEFFREY E (VP North American Sales) | 5,000 | $0.28 | 15,000 (Direct) |
View |
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