X0201 4 2003-07-28 1 0001004945 LUMENIS LTD LUME 0001237396 GENGER SAGI C/O LUMENIS LTD. P.O. BOX 240 YOKNEAM L3 20692 ISRAEL 0 0 0 1 Formerly EVP and COO Employee Stock Option (right to buy) 4 2003-07-28 4 D 0 100000 0 D 2003-08-04 2007-08-04 Ordinary shares 100000 0 D Employee Stock Option (right to buy) 4 2003-07-28 4 A 0 100000 0 A 2003-07-28 2007-08-04 Ordinary shares 100000 0 D Employee Stock Option (right to buy) 1.77 2003-07-28 4 D 0 298667 0 D 2003-11-12 2011-05-12 Ordinary shares 298667 0 D Employee Stock Option (right to buy) 1.77 2003-07-28 4 A 0 298667 0 A 2003-07-28 2008-05-12 Ordinary shares 298667 0 D Deemed cancellation of the options by virtue of the amendment thereof to extend the post-termination exercise period to the expiration date of the option, and to accelaerate the vesting dates. The previously outstanding $4.00 options became exercisable in three equal installments, on August 4, 2003, 2004 and 2005. Deemed replacement of the previously outstanding $4.00 options by options with the same terms, except as described in note 1. Deemed cancellation of the previously outstanding $1.77 options by virtue of the amendment thereof to shorten the expiration date, extend the post-termination exercise period to the expiration date of the option, and to accelerate the vesting dates. 180,000 of the previously outstanding $1.77 options became exercisable in two equal annual installments, on May 12, 2004 and 2005, and 118,667 of the previously outstanding $1.77 options became exercisable in four equal six month installments beginning on November 12, 2003. Deemed replacement of the previously outstanding $1.77 options by options with the same terms, except as described in note 4. /s/ Sagi Genger 2003-07-29