X0202 3 2006-08-04 0 0000005133 AMERICAN GREETINGS CORP AM 0001223152 WEISS ELIE C/O AMERICAN GREETINGS CORPORATION ONE AMERICAN ROAD CLEVELAND OH 44144 0 0 1 0 Class B Common Stock 23430 D Non-Qualified Stock Option (right to buy) 29.5 2007-01-27 Class B Common Stock 31250 I By Trust Right to Acquire Indirect Interest Class B Common Stock 445454 I By LLC The Option became exercisable with respect to 7,813 shares on the 27th day of each of January 1998 and 1999, and with respect to 7,812 shares on the 27th day of each of January 2000 and 2001. On August 4, 2006, the Reporting Person acquired the right to purchase membership interests in the Irving I. Stone Limited Liability Company (the "LLC") on or before August 11, 2006, which represents 24.5% of the equity in the LLC. As a result of such acquisition, the Reporting Person may be deemed to have an indirect beneficial ownership interest in 445,454 of the 1,818,182 Class B common shares owned by the LLC. Not applicable. Catherine M. Kilbane, Power of Attorney for Elie Weiss 2006-08-11