X0201 4 2003-09-19 0 0001022080 MIDWAY GAMES INC MWY 0001099523 NICASTRO NEIL D C/O MIDWAY GAMES INC. 2704 WEST ROSCOE ST. CHICAGO IL 60618 1 0 0 1 Chairman of the Board Common Stock, $.01 par value 990421 D Common Stock, $.01 par value 607846 D Director Stock Option (Right to Buy) 20.00 2006-10-29 Common Stock 500000 500000 D Director Stock Option (Right to Buy) 16.50 2008-05-17 Common Stock 150000 150000 D Employee Stock Option (Right to Buy) 8.00 2009-01-28 Common Stock 911850 911850 D Director Stock Option (Right to Buy) 13.50 2010-01-30 Common Stock 150000 150000 D Employee Stock Option (Right to Buy) 7.00 2005-06-30 Common Stock 300000 300000 D Warrant to Purchase Common Stock, $.01 par value 9.33 2004-05-21 Common Stock 50000 50000 D Employee Stock Option (Right to Buy) 13.70 2012-01-14 Common Stock 300000 300000 D Employee Stock Option (Right to Buy) 5.29 2012-09-02 Common Stock 64314 64314 D Right to Convert Severance Payment into Common Stock 3.2765 2006-05-01 Common Stock 599259 599259 D Director Stock Option (Right to Buy) 3.15 2003-09-19 4 A 0 25000 0 A 2013-09-18 Common Stock 25000 25000 D Mr. Nicastro will receive these shares pursuant to a Severance Agreement dated May 6, 2003 and pursuant to his employment agreement as follows: beginning on June 1, 2006 and continuing thereafter for a period of three years he shall receive 16,884 shares per month and 22 additional shares during the 36th month. In the event that for any consecutive 30 trading days during the 35 months following May 6, 2003 the weighted average price of the Company's Common Stock is at least $7.50 per share, then Mr. Nicastro shall receive these shares within 5 business days. Currently exercisable. Up to 80% is currently exercisable; up to 100% is exercisable 1/31/04. Up to 40% is currently exercisable; up to 60% is exercisable 1/15/04; up to 80% is exercisable 1/15/05; and up to 100% is exercisable 1/15/06. After April 6, 2006 and prior to May 1, 2006 Mr. Nicastro may convert Deferred Severance in the amount of $1,963,460 into 599,259 shares of common stock at the conversion price of $3.27648 pursuant to his Severance Agreement dated May 6, 2003. In the event that for any consecutive 30 trading days during the 35 months following May 6, 2003 the weighted average price of the Company's Common Stock is at least $10.00 per share, then Mr. Nicastro shall receive these shares within 5 business days. /s/ Neil D. Nicastro 2003-09-23