X0202 3 2004-10-11 0 0000003982 ALLIS CHALMERS CORP ALY 0001304242 Pound Ted 5075 WESTHEIMER, SUITE 890 HOUSTON TX 77056 0 1 0 0 General Counsel Option to purchase common stock 4.85 2014-10-11 Common Stock par value, $.01 per share 50000 D This option is exercisable (a) immediately with respect to 16,667 shares, (b) on October 11, 2005 with respect to an additional 16, 676 shares, and (c) on October 11, 2006 with respect to the remaining 16, 667 shares. Theodore F. Pound III 2004-10-12