Message-ID: <6341508.1075840292995.JavaMail.evans@thyme> Date: Wed, 25 Apr 2001 08:27:00 -0700 (PDT) From: rosalee.fleming@enron.com To: wanda.holloway@compaq.com Subject: Re: CONFIDENTIAL: HR Committee Approval Requested for Option Grant Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Rosalee Fleming X-To: "Holloway, Wanda" X-cc: X-bcc: X-Folder: \Kenneth_Lay_June2001\Notes Folders\Sent X-Origin: LAY-K X-FileName: klay.nsf The proposal is totally satisfactory to Ken Lay. Rosalee "Holloway, Wanda" on 04/19/2001 01:44:06 PM To: "'klay@enron.com'" , "'lynnj@iname.com'" cc: "'babbio@verizon.com'" , "Jackson, Yvonne" Subject: CONFIDENTIAL: HR Committee Approval Requested for Option Grant In light of Jesse Greene's acceptance of the SVP, Strategy position, we have re-examined his option opportunity for 2001. As you recall, we deferred a decision on his option grant in December 2000 pending a decision on his status. Now that Jesse has accepted this new role, we are recommending a grant of 125,000 stock options, which is comparable to the December 2000 grant to other 16b officers in staff positions. As a point of reference, below are the option grants made to 16b officers in December 2000: Blackmore - 375k Winkler - 350k Larson - 275k McDowell - 250k Elias - 150k Jackson - 175k Siekman - 155k Napier - 155k Fox - 125k Milton - 100k Clarke - 75k (received additional grant of 175k options upon appointment to CFO) Walker - 60k (received 250k new hire options in September) Robison - 0 (recently received new hire grant) If you have any questions or concerns about this proposal, please let Yvonne or I know. If it is acceptable, please advise and we will provide a unanimous consent for your signature to formalize. Thank you! Wanda G. Holloway Associate General Counsel - Human Resources Compaq Computer Corporation MS110701 20555 SH 249 Houston, TX 77070-2698 281-518-6943 (phone)/281-518-7644 (fax)