Tiktaalik roseae

Tiktaalik (English pronunciation: /tɪkˈtɑːlɪk/; Inuktitut pronunciation: /tik.ta˩˥ːˈlik/; syllabicsᑎᒃᑖᓕᒃ) is a monospecific genus of extinct sarcopterygian (lobe-finned fish) from the Late Devonian Period, about 375 Ma (million years ago), having many features akin to those of tetrapods (four-legged animals).
Unearthed in Arctic Canada, Tiktaalik is technically a fish, complete with scales and gills - but it has the flattened head of a crocodile and unusual fins. Its fins have thin ray bones for paddling like most fishes', but they also have sturdy interior bones that would have allowed Tiktaalik to prop itself up in shallow water and use its limbs for support as most four-legged animals do. Those fins and a suite of other characteristics set Tiktaalik apart as something special; it has a combination of features that show the evolutionary transition between swimming fish and their descendants, the four-legged vertebrates - a clade which includes amphibians, reptiles, birds and mammals.
It and similar animals may possibly be the common ancestors of the broad swath of all vertebrateterrestrial fauna: amphibians, reptiles, birds, and mammals.
The first well-preserved Tiktaalik fossils were found in 2004 on Ellesmere Island in Nunavut, Canada.

Tiktaalik provides insights on the features of the extinct closest relatives of the tetrapods. Unlike many previous, more fishlike transitional fossils, the "fins" of Tiktaalik have basic wrist bones and simple rays reminiscent of fingers. The homology of distal elements is uncertain; there have been suggestions that they are homologous to digits, although this is incompatible with the digital arch developmental model because digits are supposed to be postaxial structures, and only three of the (reconstructed) eight rays of Tiktaalik are postaxial.
However, the proximal series can be directly compared to the ulnare and intermedium of tetrapods. The fin was clearly weight bearing, being attached to a massive shoulder with expanded scapular and coracoid elements and attached to the body armor, large muscular scars on the ventral surface of the humerus, and highly mobile distal joints. The bones of the forefins show large muscle facets, suggesting that the fin was both muscular and had the ability to flex like a wrist joint. These wrist-like features would have helped anchor the creature to the bottom in fast moving current.
Also notable are the spiracles on the top of the head, which suggest the creature had primitive lungs as well as gills. This attribute would have been useful in shallow water, where higher water temperature would lower oxygen content. This development may have led to the evolution of a more robust ribcage, a key evolutionary trait of land-living creatures. The more robust ribcage of Tiktaalik would have helped support the animal's body any time it ventured outside a fully aquatic habitat. Tiktaalik also lacked a characteristic that most fishes have—bony plates in the gill area that restrict lateral head movement. This makes Tiktaalik the earliest known fish to have a neck, with the pectoral girdle separate from the skull. This would give the creature more freedom in hunting prey either on land or in the shallows.