ALLIANT TECHSYSTEMS INC
EXHIBIT 10.4
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<TYPE>EX-10.4
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<DESCRIPTION>EXHIBIT 10.4
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<P ALIGN="RIGHT"><FONT SIZE=2><B>Exhibit&nbsp;10.4  </B></FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ke2707_[logo]_performance_share_agreement"> </A></FONT> <FONT SIZE=2><B>[LOGO]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PERFORMANCE SHARE AGREEMENT         </B></FONT></P>

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<TH WIDTH="20%" ALIGN="CENTER"><FONT SIZE=1><B>GRANTED TO</B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="15%" COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1><B>GRANT DATE<BR> </B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="24%" ALIGN="CENTER"><FONT SIZE=1><B>NUMBER OF SHARES OF COMMON STOCK</B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="15%" ALIGN="CENTER"><FONT SIZE=1><B>PURCHASE PRICE PER SHARE</B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="18%" ALIGN="CENTER"><FONT SIZE=1><B>SOCIAL SECURITY NUMBER</B></FONT><BR></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="20%"><FONT SIZE=2>&laquo;First&raquo; &laquo;Last&raquo;<BR>
&laquo;Street1&raquo;<BR>
&laquo;City&raquo;, &laquo;State&raquo; &laquo;Zip&raquo;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;<BR>
03</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;<BR>
20</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;<BR>
00</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="24%" ALIGN="CENTER"><FONT SIZE=2>&laquo;M<U>&nbsp;&nbsp;&nbsp;</U>of<U>&nbsp;&nbsp;</U>Shares<U>&nbsp;&nbsp;</U>Th&raquo;-<BR>
Threshold<BR>
&laquo;M<U>&nbsp;&nbsp;&nbsp;</U>of<U>&nbsp;&nbsp;</U>Shares<U>&nbsp;&nbsp;</U>T&raquo;-Target<BR>
&laquo;M<U>&nbsp;&nbsp;&nbsp;</U>of<U>&nbsp;&nbsp;</U>Shares<U>&nbsp;&nbsp;</U>O&raquo;-<BR>
Outstanding</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="18%" ALIGN="CENTER"><FONT SIZE=2>&nbsp;<BR>
&laquo;National<U>&nbsp;&nbsp;</U>ID</FONT></TD>
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<DT><FONT SIZE=2>1.</FONT></DT><DD><FONT SIZE=2><B>The Grant.</B></FONT><FONT SIZE=2> Alliant Techsystems&nbsp;Inc., a Delaware corporation (the "Company") hereby grants to the individual named above (the
"Employee"), as of the above Grant Date, the above Number of Performance Shares (the "Shares), on the terms and conditions set forth in this Performance Share Agreement (this "Agreement") and in the
Alliant Techsystems&nbsp;Inc. 1990 Equity Incentive Plan (the "Plan").
<BR><BR></FONT></DD><DT><FONT SIZE=2>2.</FONT></DT><DD><FONT SIZE=2><B>Measuring Period.</B></FONT><FONT SIZE=2> The Shares shall be payable, in the form provided in Paragraph&nbsp;4 below, and to the extent provided in
Paragraph&nbsp;3 below, as soon as practical after the end of the above Measuring Period.
<BR><BR></FONT></DD><DT><FONT SIZE=2>3.</FONT></DT><DD><FONT SIZE=2><B>Performance Goals.</B></FONT><FONT SIZE=2> Up to 100% of the Shares shall be payable, depending upon the Business Unit achieving the Performance Goals set
forth in the accompanying Performance Accountability Chart.
<BR><BR></FONT></DD><DT><FONT SIZE=2>4.</FONT></DT><DD><FONT SIZE=2><B>Form of Payment.</B></FONT><FONT SIZE=2> Any shares payable pursuant to Paragraph&nbsp;3 above shall be paid in shares of Common Stock of the Company
("Stock"), except to the extent that the Personnel and Compensation Committee of the Company's Board of Directors, in its discretion, determines that cash be paid in lieu of some or all of such shares
of stock.
<BR><BR></FONT></DD><DT><FONT SIZE=2>5.</FONT></DT><DD><FONT SIZE=2><B>Forfeiture.</B></FONT><FONT SIZE=2> If an Employee voluntarily resigns or is involuntarily terminated (for cause), all Shares will be forfeited. In the event
of the Employee's death, disability, retirement, or layoff, the number of Shares delivered will be based on year-end performance and prorated for the period of active employment.
<BR><BR></FONT></DD><DT><FONT SIZE=2>6.</FONT></DT><DD><FONT SIZE=2><B>Rights.</B></FONT><FONT SIZE=2> Nothing herein shall be deemed to grant the Employee any rights as a holder of Stock unless and until certificates for shares
of Stock are actually issued in the name of the Employee as provided herein.
<BR><BR></FONT></DD><DT><FONT SIZE=2>7.</FONT></DT><DD><FONT SIZE=2><B>Income Taxes.</B></FONT><FONT SIZE=2> The Employee is liable for any federal, state and local income taxes applicable upon receipt of the Shares. Upon demand
by the Company, the Employee shall promptly pay to the Company in cash, and/or the Company may withhold from the Employee's compensation or from the shares of Stock or any cash payable in lieu of some
or all of such shares of Stock, an amount necessary to pay any income withholding taxes required by the Company to be collected upon such payment.
<BR><BR></FONT></DD><DT><FONT SIZE=2>8.</FONT></DT><DD><FONT SIZE=2><B>Acknowledgment.</B></FONT><FONT SIZE=2> This grant will not be effective until the Employee dates and signs the form of Acknowledgment below and returns to
the Company a signed copy of this Agreement. By signing the Acknowledgment, the Employee agrees to the terms and conditions referred to in Paragraph&nbsp;1 above and acknowledges receipt of a copy
of the Prospectus related to the Plan. </FONT></DD></DL>
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<TD WIDTH="48%"><FONT SIZE=2><B>ACKNOWLEDGMENT:</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2><B>ALLIANT TECHSYSTEMS INC.</B></FONT></TD>
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<TD WIDTH="48%" ALIGN="CENTER"><FONT SIZE=2><B>&nbsp;<BR> </B></FONT><HR NOSHADE><FONT SIZE=1>EMPLOYEE'S SIGNATURE</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;<BR>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=1>&nbsp;<BR>
&nbsp;</FONT></TD>
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<TD WIDTH="48%" ALIGN="CENTER"><FONT SIZE=1>&nbsp;<BR></FONT>
<HR NOSHADE><FONT SIZE=1> DATE</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;<BR>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>&nbsp;<BR>
Paul David Miller<BR>
Director, President, Chairman of the Board and Chief Executive Officer</FONT></TD>
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<TR VALIGN="TOP">
<TD WIDTH="48%" ALIGN="CENTER"><HR NOSHADE><FONT SIZE=1>SOCIAL SECURITY NUMBER</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
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