1993 STOCK OPTION PLAN
1. Purpose. The purpose of the 1993 Stock Option Plan is to induce certain designated persons to continue to
provide valuable services to Daktronics, Inc. (the "Company") and to encourage such persons to secure or
increase on reasonable terms their stock ownership in the Company. The Board of Directors of the Company
believes the Plan is in the best interest of the Company and will promote the success of the Company. This
success will be achieved by encouraging continuity of management and increased incentive and personal interest
in the welfare of the Company by those who are primarily responsible for shaping and implementing the long-
range plans of the Company.
Certain Options granted under this Plan are intended to be Incentive Stock Options qualified under Section 422
of the Code. The Plan also permits the grant of Nonqualified Stock Options.
2. Definitions. For purposes of this Plan, the following terms shall have the meanings indicated below:
(a) "Capital Stock" or "Common Stock": any of the Company's authorized but unissued shares of common stock,
each without par value.
(b) "Code": the Internal Revenue Code of 1986, as amended from time to time.
(c) "Fair Market Value": (i) the average between the high and low reported sale prices for the Common Stock on
the Option Date (or, if there were no such sales on that date, on the next most recent date on which there were
such sales) as reported on the Composite Tape if the Common Stock is listed on the New York Stock Exchange
("NYSE") or on the National Association of Securities Dealers National Market System ("NMS"), (ii) if the
Common Stock is not then listed on the NYSE or the NMS, the average between the closing bid and asked
price quotations for the Common Stock on that date (or if none on that date, on the next most recent date on
which there were such quotations) as reported by the National Association of Securities Dealers Automatic
Quotation System or any su