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A Table in "Beyond Options" (News: Analysis & Commentary, July 28, 2003)


In the table "Late to the party," which accompanied "Beyond options" (News: Analysis & Commentary, July 28), the percentage change in shares listed for ConocoPhillips (COP), Sysco (SYY), Southwest Airlines (LUV) Safeco (SAFC) and Campbell Soup (CPB) was incorrectly labeled. The change represents the 2002 grant vs. the three-year average grant from 1999 to 2001, not 2002 vs. 2001. The difference at Campbell Soup Co. reflects an unusual spike in 2002 caused by a transition that the company was undergoing in 2001 and 2002, not a shift in its options plan or philosophy. For the past five years, the company has averaged approximately 6 million shares granted per year.


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