X0201 4 2004-03-29 1 0000887591 FIBERMARK INC FMK 0001245462 NORRIE K PETER P. O. BOX 498 BRATTLEBORO X1 05302 1 0 0 0 Common Stock 24537 I family limited partnership OPTION (Right to Buy) 6.00 2004-05-16 Common Stock 7500 7500 I family limited partnership OPTION (Right to Buy) 9.41 2006-05-09 Common Stock 15000 22500 I family limited partnership OPTION (Right to Buy) 19.44 2008-05-05 Common Stock 7500 30000 I family limited partnership OPTION (Right to Buy) 19.44 2008-05-05 Common Stock 15000 45000 I Family limited partnership Note 1: Options granted on May 16, 1994, under the 1994 Directors Stock Option Plan. Said plan, adopted February 28, 1994, contains certain vesting contingencies summarized below. 20% of the shares shall become exercisable immediately 80% of the shares shall become exercisable in installments over a period of four (4) years from the date of grant at the rate of 20% per year in 4 equal installments commencing on May 16, 1995. These options were subject to a 3 for 2 stock split on May 6, 1997. NOTE 2: Options granted on May 9, 1996, under the Amended 1994 Directors Stock Option Plan. Said Amendment, dated May 9, 1996, contains certain vesting contingencies, summarized below. 50% of New Options vest and become exercisable as of the 20th consecutive trading day at which the stock reached a closing price level of at least $18 per share or the stock is valued at $18 per share in a merger or asset sale. 25% of New Options vest and become exercisable as of the 20th consecutive trading day at which the stock reached a closing price level of at least $22 per share or the stock is valued at $22 per share in a merger or asset sale. 25% of New Options vest and become exercisable as of the 20th consecutive trading day at which the stock reached a closing price level of at least $26 per share or the stock is valued at $26 per share in a merger or asset sale. These options were subject to a 3 for 2 stock split on May 6, 1997. Note 3: Stock options granted on May 5, 1998, under the 1998 Amended and Restated Non-Employee Directors Stock Option Plan--Base Grant Shares--will vest at a rate of 20% per year over a period of five (5) years, commencing on the first anniversary of the grant date and continuing thereafter annually. For further details, please refer to the proxy statement. Note 4: Options granted on May 5, 1998, under the 1998 Amended and Restated Non-Employee Directors Stock Option Plan--Performance Grant Shares. Said plan, dated February 18, 1998, contains certain vesting contingencies, summarized below. For further details, please refer to the proxy statement. 50% of these Options vest and become exercisable as of the 20th consecutive trading day at which the stock reached a closing price of at least $30 per share or the stock is valued at $30 per share in a merger or asset sale. 25% of these Options vest and become exercisable as of the 20th consecutive trading day at which the stock reached a closing price of at least $34 per share or the stock is valued at $34 per share in a merger or asset sale. 25% of these Options vest and become exercisable as of the 20th consecutive trading day at which the stock reached a closing price of at least $38 per share or the stock is valued at $38 per share in a merger or asset sale. Resignation as a director, effective March 29, 2004. Alex Kwader POA for K. Peter Norrie 2004-03-31