Choose the response that accurately describes the amount and type of income recognized when the sale of stock acquired through an employee stock plan $($ESPP$)$ does not meet the holding period rewuirement.

Ordinary income from compensation equal to the amount by which the fair market value at the time of exercise exceeded the option price

Ordinary income from compensation equal to the sale price of the stick

A short$-$term capital gain equal to the difference between the option price and the fair market value of the stock on the exercise date

A short$-$term capital gain equal to the sale price of the stock