Insider Trades - HALLENBECK GEORGE A

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HALLENBECK GEORGE A: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Evolving Systems, Inc. Director NasdaqCM:EVOL (historical quotes, profile, SEC, other insiders)	10-Sep-09	353,546	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
10-Sep-09 27 EVOL Option Exercise at $5.70 per share.
(Cost of $153)
10-Sep-09 27 EVOL Sale at $6.25 per share.
(Proceeds of $168)
9-Sep-09 9,112 EVOL Option Exercise at $5.70 per share.
(Cost of $51,938)
9-Sep-09 9,112 EVOL Sale at $6.20 - $6.24 per share.
(Proceeds of about $57,000)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
10-Sep-09	27	EVOL	Option Exercise at $5.70 per share. (Cost of $153)
10-Sep-09	27	EVOL	Sale at $6.25 per share. (Proceeds of $168)
9-Sep-09	9,112	EVOL	Option Exercise at $5.70 per share. (Cost of $51,938)
9-Sep-09	9,112	EVOL	Sale at $6.20 - $6.24 per share. (Proceeds of about $57,000)