COSTELLO JOSEPH BALL 4

4 · ZAMBA CORP · Filed Jan 5, 2005

Form 4

Period: 2004-12-31

Director10% Owner

Transactions

Disposition from Tender
Warrant to acquire common stock
2004-12-31−313,252→ 0 total
Exercise: $0.60Exp: 2007-01-31→ Common stock (313,252 underlying)
Disposition from Tender
Option to purchase common stock
2004-12-31−11,500→ 0 total
Exercise: $0.18From: 2003-12-15Exp: 2013-12-15→ Common stock (11,500 underlying)
Disposition from Tender
Option to purchase common stock
2004-12-31−5,750→ 0 total
Exercise: $0.18From: 2003-12-15Exp: 2013-12-15→ Common stock (5,750 underlying)
Disposition from Tender
Common Stock
2004-12-31−5,007,346→ 0 total
Disposition from Tender
Warrant to acquire common stock
2004-12-31−1,176,471→ 0 total
Exercise: $1.06Exp: 2005-06-29→ Common stock (1,176,471 underlying)
Disposition from Tender
Option to purchase common stock
2004-12-31−129,667→ 0 total
Exercise: $0.18From: 2003-12-15Exp: 2013-12-15→ Common stock (129,667 underlying)

Footnotes (3)

[F1]Disposed of pursuant to merger agreement between issuer and Technology Solutions Company ("TSC") in exchange for 751,101 shares of TSC common stock having a market value of $1.11 per share on the effective date of the merger.
[F2]This warrant, which is fully exercisable, was assumed by TSC in the merger and replaced with a warrant to acquire a number of shares of TSC common stock equal to the number of Zamba shares disclosed above multiplied by 0.15 for a price per share equal to the exercise price shown above divided by 0.15.
[F3]This option, which is fully exercisable, was assumed by TSC in the merger and replaced with an option to purchase a number of shares of TSC common stock equal to the number of Zamba shares disclosed above multipled by 0.15 at a price per share equal to the exercise price shown above divided by 0.15

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