1.Sam Lawson is a vice president at a large communications firm.His compensation includes a salary of $300,000, a bonus of $100,000 and a stock option package that allows him to purchase 15,000 shares of the company's stock at $25 per share.He can exercise the option anytime within a three year period that starts on the first of next month.The stock is now selling at $55 per share.If the current price holds until the first of the month, and Sam exercises his option, how much will he make this year (Total)?

Tip: Compute for Sam's net gain when he sells his stock option