A restricted stock award was granted at the beginning of $2005$ calling for $3,000$ shares of stock to be awarded to executives at the

beginning of $2009.$ The fair value of one option was $$20$ at grant date. During $2007,100$ shares were forfeited because an executive

left the firm.

What amount of compensation expense is recognized for $2007?$

$$14,500$

$$13,500$

$$15,000$

$$14,000$