X0202 4/A 2004-07-16 2004-07-16 0 0000745448 METALDYNE CORP None 0001269873 AMATO THOMAS A C/O METALDYNE CORPORATION 47603 HALYARD DRIVE PLYMOUTH MI 48170 0 1 0 0 V.P.,Corp. Development Employee Stock Option (right to buy) 2004-07-16 4 A 0 43626 A 2011-10-01 Common Stock 43626 43626 D The per share exercise price will be equal to the fair market value of the Company's Common Stock on July 16, 2004, as determined by the Compensation Committee of the Company's Board of Directors. The Compensation Committee will make this determination upon receipt of the Company's audited financial statements for the 2003 fiscal year and unaudited financial statements for the 1st & 2nd quarters of fiscal year 2004. The option provides that 40% of the shares subject to the option will vest on July 16, 2004, and the remaining shares will vest in two equal annual installments beginning on July 16, 2005. On January 15, 2004, pursuant to a voluntary stock option exchange program, the Company cancelled all options previously granted to the reporting person. In exchange, the reporting person received the option reported herein and 1,148 restricted stock units. Thomas M. Dono, Jr., Attorney-in-Fact 2004-07-20