X0202 4 2005-11-08 0 0000005133 AMERICAN GREETINGS CORP AM 0001211005 MERRIMAN MICHAEL J AMERICAN GREETINGS CORPORATION ONE AMERICAN ROAD CLEVELAND OH 44144 0 1 0 0 Senior Vice President Non-Qualified Stock Option (right to buy) 26.26 2005-11-08 4 A 0 95000 0 A 2006-11-08 2015-11-08 Class A Common Stock 95000 95000 D Options to purchase 17,500 Class A common shares vest one year from date of grant; Options to purchase 17,500 Class A common shares vest two years from date of grant; Options to purchase 60,000 Class A common shares vest 48 months from date of grant (the "Vesting Date"); provided, that if the Class A common shares of the issuer close at a price at or above: (i) $35 per share on any day prior to the Vesting Date, options to purchase 10,000 Class A common shares vest immediately; (ii) $40 per share on any day prior to the Vesting Date, options to purchase 10,000 Class A common shares vest immediately; (iii) $45 per share on any day prior to the Vesting Date, options to purchase 20,000 Class A common shares vest immediately; and (iv) $50 per share on any day prior to the Vesting Date, options to purchase 20,000 Class A common shares vest immediately. By: Christopher W. Haffke, Power of Attorney For: Michael J. Merriman, Jr. 2005-11-09