X0202 4 2006-05-15 0 0000005133 AMERICAN GREETINGS CORP AM 0001223158 GOULDER MICHAEL C/O AMERICAN GREETING CORP ONE AMERICAN ROAD CLEVELAND OH 44144 0 1 0 0 Senior Vice President Non-Qualified Stock Option (right to buy) 22.65 2006-05-15 4 A 0 40250 0 A 2016-05-15 Class A Common Stock 40250 40250 D Fifty percent of these options are exercisable on the first anniversary following May 15, 2006, the date of grant, and the remaining fifty percent are exercisable on the second anniversary following the date of grant. By: Catherine M. Kilbane, Power of Attorney For: Michael L. Goulder 2006-05-17