X0201 42003-11-2000000880059EDUCATION MANAGEMENT CORPORATION EDMC0001129821ATWELL ROBERT H210 SIXTH AVENUE, 33RD FLOORPITTSBURGHPA152221000Stock Option (right to buy)63.93002003-11-204A05000.00000A2013-11-19Common Stock5000.00005000.0000DThe option is exercisable in two equal annual installments beginning on the first anniversary of the date of grant./s Robert H. Atwell2003-11-21