Sec Form 4 Filing - Eichinger David @ SYNTHESIS ENERGY SYSTEMS INC - 2009-03-31

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Eichinger David 2. Issuer Name and Ticker or Trading Symbol SYNTHESIS ENERGY SYSTEMS INC [ SYMX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) SVP and CFO (Last) (First) (Middle) THREE RIVERWAY, SUITE 300 3. Date of Earliest Transaction (MM/DD/YY) 03/31/2009 (Street) HOUSTON, TX77056 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Stock Option $ 3 03/31/2009 D 1,750,000 ( 1 ) ( 2 ) 05/30/2011 Common Stock 1,750,000 $ 3 100 ( 3 ) D Stock Option $ 0.66 03/31/2009 A 700,000 03/31/2009( 4 ) 03/31/2019 Common Stock 700,000 $ 0.66 700,100 ( 5 ) D Stock Option $ 0.66 03/31/2009 A 68,182 ( 6 ) 03/31/2009( 7 ) 03/31/2019 Common Stock 68,182 $ 0.66 768,282 ( 8 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Eichinger David THREE RIVERWAY SUITE 300 HOUSTON, TX77056 SVP and CFO Signatures /s/ David Eichinger 04/01/2009 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On March 31, 2009, the issuer cancelled, pursuant to the issuer's option exchange program, an option granted to Mr. Eichinger on May 30, 2006 for a total of 1,750,000 shares. In exchange for the option, Mr. Eichinger received a fully vested option grant to acquire 700,000 shares of common stock. ( 2 )The cancelled option provided for vesting in five equal annual installments on each of May 30, 2006, 2007, 2008, 2009 and 2010. ( 3 )This reflects 100 shares of common stock beneficially owned by Mr. Eichinger. ( 4 )This grant was fully vested upon issuance to Mr. Eichinger. ( 5 )This reflects (i) 100 shares of common stock beneficially owned by Mr. Eichinger and (ii) 700,000 shares vested upon the issuance of the grant decribed in Footnote 4. ( 6 )In satisfaction of his bonus earned during the year ended December 31, 2008, Mr. Eichinger was granted a fully vested option to acquire 68,182 shares of common stock. ( 7 )This grant was fully vested upon issuance to Mr. Eichinger. ( 8 )This reflects (i) 100 shares of common stock beneficially owned by Mr. Eichinger, (ii) 700,000 shares vested upon the issuance of the grant decribed in Footnote 4 and (iii) 68,182 shares vested upon the issuance of the grant described in Footnote 6.

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