X0202 4 2005-02-24 0 0000098544 CRUZAN INTERNATIONAL, INC. RUM 0001248440 MALTBY JAY S 222 LAKEVIEW AVE SUITE 1500 WEST PALM BEACH FL 33401 1 1 0 0 Chairman, CEO & President Options to purchase common stock 8.125 1996-01-03 2006-02-15 common stock 50000 50000 D Options to purchase common stock 8.125 1999-12-14 2008-12-14 common stock 50000 50000 D Options to purchase common stock 12.55 2005-02-24 4 A 0 100000 0 A 2005-03-31 2015-02-24 common stock 100000 100000 D These options were granted pursuant to the Cruzan International, Inc. (f/k/a Todhunter International, Inc.) (the "Company") 1992 Employee Stock Option Plan, as amended, and were exempt from the short-swing profit liability provisions of Section 16 pursuant to Rule 16b-3. These options were granted pursuant to the Company's 2004 Stock Option Plan and were exempt from the short-swing profit liability provisions of Section 16 pursuant to Rule 16b-3. The Company's Compensation and Stock Option Committee granted these options on and as of February 24, 2005; however, the Incentive Stock Option Agreement was not executed until June 2005. These options vest and become exercisable in sixteen (16) equal quarterly installments of 6,250 shares each, with the first installment vesting on March 31, 2005, and the remaining 15 installments to vest on the last day of each successive calendar quarter thereafter, provided that Mr. Maltby is still employed by the Company on such vesting date. Jay S. Maltby 2005-06-24