X0201 3 2003-11-20 0 0000027748 DEL GLOBAL TECHNOLOGIES CORP DGTC 0001242437 HENDERSON JAMES R C/O STEEL PARTNERS, LTD. 590 MADISON AVENUE, 32ND FLOOR NEW YORK NY 10022 1 0 0 0 Option (right to purchase) 2.1000 2013-11-20 Common Stock, $.10 par value per share 25000 D The shares underlying the option vested with respect to 6,250 shares of common stock of the issuer, par value $.10 per share (the "Common Stock") on the date of the grant (11/20/03) and shall vest with respect to an additional 6,250 shares of Common Stock on each anniversary of the grant for the following three (3) years. Mr. Henderson is a Vice President of Steel Partners, Ltd., an entity of which Warren G. Lichtenstein is an affiliate by virtue of his ownership of Steel Partners, Ltd. directly and through Steel Partners II, L.P., and Mr. Henderson is also the President and Chief Operating Officer of WebFinancial Corporation, a Delaware corporation ("WebFinancial"). 1,832,162 shares of Common Stock are beneficially owned jointly by Steel Partners II, L.P., Warren G. Lichtenstein and WebFinancial (together, the "Group"), and WebFinancial has the sole power to vote and dispose of an additional 28,646 shares of Common Stock. Mr. Henderson disclaims beneficial ownership of the 1,832,162 shares of Common Stock collectively owned by the Group and the 28,646 shares of Common Stock owned by WebFinancial. /s/ Henderson, James R. 2003-11-30