Document bndE8pD7JpvGgjZ3EGoN0pXo

Dana Corporation Page 113 of 176 Table of Contents The following table summarizes information about stock options under this plan at December 31, 2003: Range of Exercise Prices Outstanding Options Number of Options Weighted Average Remaining Contractual Life in Years Weighted Average Exercise Price Exercisable Options Number of Options Weighted Average Exercise Price $ 8.52-S21.53 24.81-32.25 50.25- 60.09 81,000 105,000 45,000 8.4 $15.56 2.8 29.39 4.8 55.50 51,000 105,000 45,000 $19.70 29.39 55.50 231,000 5.1 $29.63 mm--m 201,000 $32.78 At December 31,2003, 34,000 shares were available for future grants under this plan. We also assumed Echlin's 1996 Non-Executive Director Stock Option Plan when we merged with Echlin and the underlying Echlin shares were converted to Dana stock. At the time of the merger, there were options outstanding under this plan for the equivalent of 83,637 Dana shares. No options were granted under this plan after the merger. When the plan was terminated in 1999, the outstanding options remained exercisable according to their terms for a period of five years following the merger with Echlin. The 38,752 options outstanding and exercisable at December 31, 2002 were forfeited upon reaching the end of the five-year period in July 2003. Note 12. Employees' Stock Purchase Plan Full-time employees of Dana and our wholly owned subsidiaries and some part-time employees of our non-U.S. subsidiaries are eligible to participate in our Employees' Stock Purchase Plan. Plan participants can authorize payroll deductions up to 15% of their earnings; these deductions are deposited with the independent plan custodian. We match up to 50% of the participants' contributions in cash over a five-year period beginning with the year the amounts are withheld. If a participant withdraws any shares before the end of five years, the amount of the match will depend on how long the shares were in the account. The charge to expense for matching contributions was $10 in 2003, $11 in 2002 and $11 in 2001. The custodian uses the payroll deductions and matching contributions to purchase Dana common stock at current market prices. The custodian purchased the following number of shares in the open market in the past three years: 2,503,454 in 2003, 2,239,968 in 2002 and 2,405,040 in 2001. We are also authorized to issue up to 4,500,000 shares to sell to the custodian in lieu of open market purchases. No shares have been issued for this purpose through December 31, 2003. As record keeper for the plan, we allocate the purchased shares to the participants' accounts. Shares are distributed to the participants on request in accordance with the plan's withdrawal provisions. Note 13. Additional Equity Compensation Plans We have numerous additional compensation plans under which we pay our employees for increased http://www.sec.gOv/Archives/edgar/data/26780/000095015204001384/105571ael0vk.htm 8/1/2004