4) Assume the following is the stockholders' equity section of the 2016 balance sheet for Procter & Gamble Company and its statement of stockholders' equity.

Amounts in millions; June 30	2016	2015
Shareholders Equity
Convertible Class A preferred stock, stated value $1 per share (600 shares authorized)	$1,451	$1,483
Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized)	-	-
Common stock, stated value $1 per share (10,000 shares authorized; shares outstanding: 2016-3,975.8, 2015-2,976.6)	3,976	2,977
Additional paid-in capital	57,856	3,030
Reserve for ESOP debt retirement.	(1,288)	(1,259)
Accumulated other comprehensive income	(518)	(1,566)
Treasury stock, at cost (shares held: 2016-797.0, 2015-503.7)	(34,235)	(17,194)
Retained earnings	35,666	31,004
Total shareholders equity	$62,908	$18,475

Consolidated Statement of Shareholders Equity
Dollars in millions/ shares in thousands	Common Shares Outstanding	Common Stock	Preferred Stock	Additional Paid-in Capital	Reserve for ESOP Debt Retirement	Accumulated Other Compre-hensive Income	Treasury Stock	Retained Earnings	Total	Total Comprehensive Income
Bal. June 30, 2015	2,472,934	$2,977	$1,483	$3,030	$(1,259)	$(1,566)	$(17,194)	$31,004	$18,475
Net Earnings								8,684	8,684	$8,684
Other comprehensive income: Financial statement translation						1,316			1,316	1,316
Net investment hedges, net of $472 tax						(786)			(786)	(786)
Other, net of tax benefits						518			518	518
Total comprehensive income										$9,732
Dividends to shareholders: Common								(3,555)	(3,555)
Preferred, net of tax benefits								(148)	(148)
Treasury purchases	(297,132)			(9)			(16,821)		(16,830)
Employee plan issuances	36,763	16		1,308			887	(319)	1,892
Preferred stock Conversions	3,788		(32)	5			27		-
Gillette acquisition	962,488	983		53,522			(1,134)		53,371
Change in ESOP debt reserve					(29)				(29)
Bal. June 30, 2016	3,178,841	$3,976	$1,451	$57,856	$(1,288)	$(518)	$(34,235)	$35,666	$62,908

How many shares of common stock did Procter & Gamble issue when convertible class A preferred stock was converted during fiscal 2016?

Select one:

A. 36,763,000

B. 3,788,000

C. 600,000,000

D. 962,488,000