X0202 4 2004-08-13 0000004164 ALPINE GROUP INC /DE/ ALPG 0001249536 POSNER K MITCHELL C/O THE ALPINE GROUP, INC. ONE MEADOWLANDS PLAZA, SUITE 200 EAST RUTHERFORD NJ 07073 0 1 0 0 Executive Vice President Common Stock 2004-08-12 4 M 0 66666 .76 A 166666 D Employee Stock Option (right to buy) .76 2004-08-12 4 M 0 66666 0 D 2004-06-21 2013-06-20 Common Stock 66666 66666 D Employee Stock Option (right to buy) .76 2003-06-20 4 A 0 300000 0 A 2004-06-21 2013-06-20 Common Stock 300000 300000 D Series A Cumulative Convertible Preferred Stock .55 2003-06-23 4 P 0 1316 380.00 A 2003-11-11 2009-12-21 Common Stock 909356 1316 D The option, which was granted in a transaction exempt under Rule 16b-3, vests in three equal annual installments beginning on the first anniversary of the date of grant. Convertible into common stock at any time after the earlier to occur of (y) the consummation of the first public offering to stockholders of the Company of rights to purchase shares of Series A Cumulative Convertible Preferred Stock ("Series A Preferred Stock") and (z) March 31, 2004, and prior to (i) the date which is 10 days preceding the date fixed for the redemption of the Series A Preferred Stock if there is no default in payment of the change of control redemption price and (ii) December 21, 2009. The Company will redeem 1/12th of the outstanding shares of Series A Preferred Stock on December 31, 2009 and on the last day of every calendar quarter thereafter until all outstanding shares of Series A Preferred Stock have been redeemed. Stewart H. Wahrsager 2004-08-13