content_image/92734.jpg content_image/92736.jpg content_image/92737.jpg
At December 31, 2001, 2,363,169 common shares remained in the reser ve for issue under the terms of the above plans. 

## Stock Options 

The Corporation is authorized to grant directors of Fortis Inc. and certain key employees of Fortis Inc. and its subsidiaries options to purchase common shares of the Corporation. 

<img src='content_image/92734.jpg'>

Details of stock options outstanding are as follows: 

## Earnings per share 

<img src='content_image/92736.jpg'>

The Corporation calculates earnings per Common Share on the weighted average number of Common Shares outstanding of 14,877,876 and 13,517,236 in 2001 and 2000, respectively Fully diluted earnings per Common Share are calculated using the treasury method. Earnings per Common Share before and after discontinued operations (Note 15) are as follows: 

<img src='content_image/92737.jpg'>

