DuPont to Expense Stock Options Beginning in January 2003
Under historical grant levels and current valuation assumptions, the resulting increase in non-cash expense is expected to reduce the company's earnings per share by approximately $.03 in 2003. This impact would grow to about $.09 per share by 2005 and then stabilize.
DuPont will continue its long-standing practice of offsetting the potential dilution of stock option grants through share repurchase.
During 2002, DuPont is celebrating its 200th year of scientific achievement and innovation -- providing products and services that improve the lives of people everywhere. Based in Wilmington, Del., DuPont delivers science-based solutions for markets that make a difference in people's lives in food and nutrition; health care; apparel; home and construction; electronics; and transportation.