DuPont Announces Option Program
Times Staff and Wire Reports
Wilmington, Del.-based DuPont Co. unveiled a new stock option program for 92,000 worldwide employees. DuPont shares lost $1.75 to close at $109 on the New York Stock Exchange. The company said the program will provide virtually all its employees with an option to buy 100 common shares at $105 each. This will be the third time since 1991 that DuPont has offered its employees an option to buy 100 shares. It said the options can be exercised after the stock closes at $150 on the NYSE for five consecutive trading days. Options have a 10-year term. Participating employees, including those of DuPont’s wholly owned energy unit, Conoco, work in 70 countries.
