<PAGE>
concerning the grant of stock options for the Company's common stock made to the
Named Officers during 2001:
OPTION GRANTS IN FISCAL 2001
<Table>
<Caption>
POTENTIALLY REALIZABLE
VALUE AT ASSUMED ANNUAL
NUMBER OF PERCENT OF RATE OF STOCK PRICE
SECURITIES TOTAL OPTIONS APPRECIATION FOR
UNDERLYING GRANTED TO OPTION TERM(2)
OPTIONS EMPLOYEES IN EXERCISE PRICE EXPIRATION ------------------------
NAME GRANTED(1) FISCAL YEAR ($/SHARE) DATE 5% 10%
---- ---------- ------------- -------------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Leonard DiSalvo...... 12,500 62.3% $22.20 11/30/2011 $174,518 $442,264
</Table>
---------------
(1) Stock options are awarded at the fair market value of common stock at the
date of grant. All options are exercisable in cumulative one-third
installments vesting annually beginning on the first anniversary of the date
of grant.
(2) The amounts shown as potentially realizable values are based on arbitrarily
assumed rates of stock price appreciations of 5% and 10% over the full term
of the options (10 years), as required by applicable regulations and are
provided for illustrative purposes only and do not reflect the Company's
estimate or projection of future common stock prices.
The following table provides information concerning options held by the
Named Officers as of end of 2001:
AGGREGATED OPTION EXERCISES AND FISCAL YEAR-END OPTION VALUES
<Table>
<Caption>
NUMBER OF
SECURITIES UNDERLYING VALUE OF UNEXERCISED
SHARES UNEXERCISED OPTIONS IN-THE-MONEY OPTIONS
ACQUIRED VALUE AT FISCAL YEAR-END AT FISCAL YEAR-END($)
NAME ON EXERCISE REALIZED EXERCISABLE/UNEXERCISABLE EXERCISABLE/UNEXERCISABLE(1)
---- ----------- -------- ------------------------- ----------------------------
<S> <C> <C> <C> <C>
Malcolm I. Glazer............ -- -- 34,500/0 $0/$0
Avram A. Glazer.............. -- -- 15,459/0 0/0
Leonard DiSalvo.............. -- -- 1,500/12,500 0/85,000
</Table>
---------------
(1) On December 31, 2001, the closing price per share of the Company's common
stock on the NYSE was $29.00.
CERTAIN EMPLOYEE BENEFITS
Zapata's executive officers participate or have participated in certain
stock option and incentive plans, retirement and profit sharing/401(k) plans
sponsored by Zapata, some of which are intended to qualify for tax-favored
treatment under the Internal Revenue Code, as amended (the "Code"). These plans
include Zapata's Amended and Restated Special Incentive Plan (the "1987 Plan"),
the 1990 Stock Option Plan, the Amended and Restated 1996 Long-Term Incentive
Plan, the Zapata Pension Plan ("Pension Plan"), the Zapata Supplemental Pension
Benefit Plan and the Zapata Corporation 401(k) Plan.
Zapata's Amended and Restated Special Incentive Plan (the "1987 Plan")
provides for the granting of stock options and the awarding of restricted stock.
Under the 1987 Plan, options may be granted at prices equivalent to the market
value of the common stock at the date of grant. Options become exercisable on
dates as determined by the Zapata Board of Director's Compensation Committee,
provided that the earliest such date cannot occur before six months after the
date of grant. Unexercised options will expire on varying dates, up to a maximum
of ten years from the date of grant. The awards of restricted stock have a
restriction period of not less than six months and not more than five years. The
1987 Plan provided for the issuance of up to 60,000 shares of the common stock.
During 1992, the stockholders approved an amendment to the 1987 Plan that
provides for the automatic grant of a nonqualified stock option to directors of
Zapata who are not
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