Question
Cammie received 160 NQOs (each option provides a right to purchase 10 shares of MNL stock for $10 per share) at the time she started
Cammie received 160 NQOs (each option provides a right to purchase 10 shares of MNL stock for $10 per share) at the time she started working for MNL Corporation four years ago, when MNLs stock price was $8 per share. Now that MNLs stock price is $70 per share, she intends to exercise all of her options. After acquiring the 1,600 MNL shares with her options, she held the shares for more than one year and sold them at $85 per share.
What are Cammies tax consequences on the grant date, the exercise date, and the date she sold the shares, assuming her ordinary marginal rate is 32 percent and her capital gains rate is 15 percent? (Leave no answer blank. Enter zero if applicable.)
Gant Date - ?
Exercise Date - ?
Date of Sale - ?
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