X0202 4 2004-07-27 0 0001004945 LUMENIS LTD LUME 0001237399 ALKALAY SHLOMO C/O LUMENIS LTD PO BOX 240 YOKNEAM L3 20692 0 1 0 0 Vice President - Manufacturing Employee Stock Option (right to buy) 1.77 2003-05-12 4 A 0 20000 A 2004-05-12 2011-05-12 Ordinary Shares 20000 20000 D Employee Stock Option (right to buy) 1.77 2003-05-12 4 A 0 13333 A 2003-11-12 2011-05-12 Ordinary Shares 13333 13333 D Employee Stock Option (right to buy) 8.95 2003-05-12 4 D 0 40000 D 2003-04-14 2012-04-14 Ordinary Shares 40000 0 D Employee Stock Option (right to buy) 1.45 2004-07-27 4 A 0 20000 A 2005-07-27 2012-07-27 Ordinary Shares 20000 20000 D The option became and becomes exercisable in three equal installments, on May 12, 2004, 2005, and 2006. The option, granted in exchange for options surrendered to the Issuer (as disclosed in the entries which follow) pursuant to its option exchange offer, became and becomes exercisable in four equal six-month installments beginning on November 12, 2003 and thereafter on May 12, 2004, November 12, 2004, and May 12, 2005. The option became and was to become exercisable in three equal annual installments on April 14, 2003, 2004, and 2005. The option becomes exercisable in four equal installments on July 27, 2005, 2006, 2007, and 2008. /s/ Shlomo Alkalay 2004-07-28