X0202 4/A 1997-01-10 2005-10-26 0 0000948069 CUTTER & BUCK INC CBUK 0001096313 TOWNE JAMES CAMERON 701 N. 34TH STREET, SUITE 400 SEATTLE WA 98103 1 0 0 0 Stock Option (right to buy) 12.32 1997-10-01 4 A 0 3860 0 A 1998-04-01 2007-10-01 Common Stock 3860 3860 D Stock Option (right to buy) 14.53 1998-09-28 4 A 0 3860 0 A 1999-03-28 2008-09-28 Common Stock 3860 3860 D Stock Option (right to buy) 14.32 1999-10-08 4 A 0 8348 0 A 2000-03-08 2009-10-08 Common Stock 8348 8348 D Stock Option (right to buy) 11.23 2000-09-27 4 A 0 8348 0 A 2001-03-27 2010-09-27 Common Stock 8348 8348 D Stock Option (right to buy) 3.37 2001-10-03 4 A 0 8348 0 A 2002-09-03 2011-10-03 Common Stock 8348 8348 D Stock Option (right to buy) 3.42 2002-12-23 4 A 0 8348 0 A 2003-06-23 2012-12-23 Common Stock 8348 8348 D Stock Option (right to buy) 7.07 2003-10-10 4 A 0 8040 0 A 2004-04-10 2013-10-10 Common Stock 8040 8040 D Stock Option (right to buy) 10.53 2004-10-26 4 A 0 4883 0 A 2005-09-26 2014-10-26 Common Stock 4883 4883 D Stock Option (right to buy) 11.53 2005-10-24 4 A 0 2441 0 A 2006-04-24 2015-10-24 Common Stock 2441 2441 D This option was previously reported as an option to purchase 3,468 shares of common stock at an exercise price of $13.71, but pursuant to the terms of the 1995 Non-Employee Director Stock Incentive Plan, this option was adjusted as a result of the special cash dividend paid by the issuer on November 16, 2005. The adjustment was made to maintain the same economic value of the option that existed before the special cash dividend was paid. This option was previously reported as an option to purchase 3,468 shares of common stock at an exercise price of $16.17, but pursuant to the terms of the 1995 Non-Employee Director Stock Incentive Plan, this option was adjusted as a result of the special cash dividend paid by the issuer on November 16, 2005. The adjustment was made to maintain the same economic value of the option that existed before the special cash dividend was paid. This option was previously reported as an option to purchase 7,500 shares of common stock at an exercise price of $15.94, but pursuant to the terms of the 1999 Non-Employee Director Stock Incentive Plan, this option was adjusted as a result of the special cash dividend paid by the issuer on November 16, 2005. The adjustment was made to maintain the same economic value of the option that existed before the special cash dividend was paid. This option was previously reported as an option to purchase 7,500 shares of common stock at an exercise price of $12.50, but pursuant to the terms of the 1999 Non-Employee Director Stock Incentive Plan, this option was adjusted as a result of the special cash dividend paid by the issuer on November 16, 2005. The adjustment was made to maintain the same economic value of the option that existed before the special cash dividend was paid. This option was previously reported as an option to purchase 7,500 shares of common stock at an exercise price of $3.75, but pursuant to the terms of the 1999 Non-Employee Director Stock Incentive Plan, this option was adjusted as a result of the special cash dividend paid by the issuer on November 16, 2005. The adjustment was made to maintain the same economic value of the option that existed before the special cash dividend was paid. This option was previously reported as an option to purchase 7,500 shares of common stock at an exercise price of $3.81, but pursuant to the terms of the 1999 Non-Employee Director Stock Incentive Plan, this option was adjusted as a result of the special cash dividend paid by the issuer on November 16, 2005. The adjustment was made to maintain the same economic value of the option that existed before the special cash dividend was paid. This option was previously reported as an option to purchase 7,500 shares of common stock at an exercise price of $7.87, but due to insufficient share capacity in the issuer's director stock incentive plans, the actual grant was for 8,040 shares at an exercise price of $7.87. Pursuant to the terms of the 1999 Non-Employee Director Stock Incentive Plan, this option was adjusted as a result of the special cash dividend paid by the issuer on November 16, 2005. The adjustment was made to maintain the same economic value of the option that existed before the special cash dividend was paid. This option was previously reported as an option to purchase 7,500 shares of common stock at an exercise price of $11.72, but due to insufficient share capacity in the issuer's director stock incentive plans, the actual grant was for 4,387 shares at an exercise price of $11.72. Pursuant to the terms of the 1999 Non-Employee Director Stock Incentive Plan, this option was adjusted as a result of the special cash dividend paid by the issuer on November 16, 2005. The adjustment was made to maintain the same economic value of the option that existed before the special cash dividend was paid. This option was previously reported as an option to purchase 4,289 shares of common stock at an exercise price of $12.83, but due to insufficient share capacity in the issuer's director stock incentive plans, the actual grant was for 2,193 shares at an exercise price of $12.83. Pursuant to the terms of the 1999 Non-Employee Director Stock Incentive Plan, this option was adjusted as a result of the special cash dividend paid by the issuer on November 16, 2005. The adjustment was made to maintain the same economic value of the option that existed before the special cash dividend was paid. /s/ JAMES C. TOWNE 2005-12-09