Ownership Submission
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 OF SECURITIES

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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
RAYAT HARMEL S
   2. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL ENERGY, INC. [IENI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SECRETARY/TREASURER
(Last)
(First)
(Middle)
1628 WEST 1ST AVENUE, SUITE 216		 3. Date of Earliest Transaction (Month/Day/Year)
09/08/2008
(Street)

VANCOUVER, A1 V6J 1G1		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
COMMON 09/08/2008   D   2,000,000 (1) D $ 1.03 20,795,834 D  
COMMON 09/08/2008   D   2,000,000 (2) D $ 1.03 18,795,834 D  
COMMON 09/08/2008   D   2,000,000 (3) D $ 1.03 16,795,834 D  
COMMON 09/08/2008   D   1,000,000 (4) D $ 1.03 15,795,834 (5) D  
COMMON 09/08/2008   D   15,795,834 (6) D $ 1.03 15,795,834 I HELD BY CORPORATION

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)		 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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
RAYAT HARMEL S
1628 WEST 1ST AVENUE
SUITE 216
VANCOUVER, A1 V6J 1G1		   X   X   SECRETARY/TREASURER  

Signatures

 HARMEL S. RAYAT   09/08/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) For estate planning purposes, pursuant to an agreement dated September 8, 2008, Mr. Harmel S. Rayat has sold 2,000,000 restricted shares of the Companys common stock in exchange for 2,060 nonvoting, redeemable preferred shares valued at $1,000 per share in a private Alberta corporation, wholly owned by Jasbinder Chohan, as the trustee under The TJR Family Trust dated August 28, 2008, for the benefit of Talia Jevan Rayat. Mr. Rayat is not a beneficiary of the trust.
(2) For estate planning purposes, pursuant to an agreement dated September 8, 2008, Mr. Harmel S. Rayat has sold 2,000,000 restricted shares of the Companys common stock in exchange for 2,060 nonvoting, redeemable preferred shares valued at $1,000 per share in a private Alberta corporation, wholly owned by David Ernest Jenkins, as the trustee under the The KJR Family Trust dated August 28, 2008, for the benefit of Kalen Jai Rayat. Mr. Rayat is not a beneficiary of the trust.
(3) Pursuant to an agreement dated September 8, 2008, Mr. Harmel S. Rayat has sold 2,000,000 restricted shares of the Companys common stock in exchange for 2,060 nonvoting, redeemable preferred shares valued at $1,000 per share in a private Alberta corporation, wholly owned by Amritpal Kaur Tanda, as the trustee under The Heritage Family Trust dated August 28, 2008, for the benefit of Mehar Singh Bhogal. Mr. Rayat is not a beneficiary of the trust.
(4) Pursuant to an agreement dated September 8, 2008, Mr. Harmel S. Rayat has sold 1,000,000 restricted shares of the Companys common stock in exchange for 1,030 nonvoting, redeemable preferred shares valued at $1,000 per share in a private Alberta corporation, wholly owned by Gurmeet Singh Sidhu, as the trustee under The DS Sidhu Family Trust dated August 28, 2008, for the benefit of Dayan Singh Sidhu. Mr. Rayat is not a beneficiary of the trust.
(5) The transactions listed above have resulted in a reduction of Mr. Rayats aggregate direct beneficial ownership from 54.0 percent to 37.4 percent of the corporation's issued and outstanding common stock.
(6) For estate planning purposes, pursuant to an agreement dated September 8, 2008, Mr. Harmel S. Rayat has sold 15,795,834 restricted shares of the Companys common stock in exchange for 16,269.71 nonvoting, redeemable preferred shares valued at $1,000 per share in 1420525 Alberta Ltd., a private Alberta corporation wholly owned by Mr. Harmel S. Rayat.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.