The following table summarizes information about the stock options outstanding at December 31, 2002: The company granted 0.3 million, 3.0 million and 1.5 million restricted stock awards (RSAs) with a weighted average grant date value of $35.97, $35.48 and $43.46 per share for 2002, 2001 and 2000, respectively. Restrictions generally expire four years from date of grant. The compensation cost charged against income for the company’s RSAs was $40 million, $36 million and $41 million for 2002, 2001 and 2000, respectively. The company sponsors the American Express Retirement Plan (the Plan), a noncontributory defined benefit plan which is a qualified plan under the Employee Retirement Income Security Act of 1974, as amended (ERISA), under which the cost of retirement benefits for eligible employees in the United States is measured by length of service, compensation and other factors and is currently being funded through a trust. Funding of retirement costs for the Plan complies with the applicable minimum funding requirements specified by ERISA. Employees’ accrued benefits are based on recordkeeping account balances, which are maintained for each individual. Each pay period these balances are credited with an amount equal to a percentage, determined by an employee’s age plus service, of base pay (which includes, but is not limited to regular earnings, incentive pay, shift differ- ential, overtime, certain commissions, and transition pay). Employees’ balances are also credited daily with a fixed rate of interest that is updated each January 1 and is based on the average of the daily five-year U.S. Treasury Note yields for the previ- ous October 1 through November 30. Employees have the option to receive annuity payments or a lump sum payout at vested termination or retirement. In addition, the company sponsors an unfunded non-qualified Supplemental Retirement Plan (the SRP) for certain highly compensated employees to replace the benefit that cannot be provided by the Plan. The SRP generally parallels the Plan but offers different payment options. Most employees outside the United States are covered by local retirement plans, some of which are funded, or receive payments at the time of retirement or termination under applicable labor laws or agreements. Plan assets consist principally of equities and fixed income securities. Pension Plans (Shares in thousands) Options Outstanding Options Exercisable Weighted Average Weighted Weighted Number Remaining Average Number Average Range of Exercise Prices Outstanding Contractual Life Exercise Price Exercisable Exercise Price $ 8.26 – $29.99 31,026 4.1 $ 24.21 27,792 $ 23.84 $ 30.00 – $35.99 23,191 6.4 $ 35.20 14,774 $ 35.25 $ 36.00 – $42.99 42,351 8.9 $ 37.10 4,028 $ 40.36 $ 43.00 – $43.99 29,507 7.2 $ 43.66 10,849 $ 43.66 $ 44.00 – $61.44 40,157 7.8 $ 45.15 4,460 $ 48.12 $ 8.26 – $61.44 166,232 7.1 $ 37.54 61,903 $ 32.86 Note 15 RETIREMENT PLANS I 76 AXP I NOTES TO CONSOLIDATED FINANCIAL STATEMENTS