EX-99 4 exhdstkoption.txt EXHIBIT D - FORM OF NOTICE OF STOCK OPTION GRANT EXHIBIT D --------- SONOMAWEST HOLDINGS, INC. FORM OF NOTICE OF STOCK OPTION GRANT Craig Stapleton 281 Lake Avenue Greenwich, CT 06530 You have been granted an option to purchase Common Stock of SonomaWest Holdings, Inc., a California corporation (the "Company") as follows: Grant Number 183 Date of Grant July 17, 2001 Option Price Per Share $7.48 Total Number of Shares Granted 5000 Total Price of Shares Granted $37,400.00 Type of Option [X] Incentive Stock Option [ ] Non-Qualified Stock Option Term/Expiration Date Ten years from Date of Grant Exercise Schedule: ----------------- This Option may be exercised in whole or in part, in accordance with the following vesting schedule: Vesting Schedule: ---------------- Date of Vesting Number of Shares Total Vested --------------- ---------------- ------------ July 17, 2001 5000 5000 Termination Period: ------------------ This Option may be exercised for three months after membership on the Company's Board of Directors terminates except as set out in Sections 6, 7 and 8 of the Stock Option Agreement (but in no event later than the Expiration Date). By your signature and the signature of the Company's representative below, you and the Company agree that this Option is granted under and governed by the terms and conditions of the SonornaWest Holdings, Inc. 1996 Stock Option Plan and the Stock Option Agreement, all of which are attached and made a part of this document. OPTIONEE: SonomaWest Holdings, Inc. By: -------------------------------- ---------------------------------- Signature Title: ---------------------------------