Dan receives a nonstatutory stock option from his employer on February 15. The option will allow Dan to buy up to 500 shares by December 1 at the FMV of $40/share on February 15. Dan exercises the option on December 1 and sells the shares on the same date for $52/share. Which of the following statements is correct?

a) He will have a short-term capital gain of $6,000.

b) He will have Other Income (Form 1040, line 8) of $6,000.

c) He will have ordinary income of $6,000 reported on his W-2 in box 1.

d) He will have income of $6,000 reported to him on Form 1099-NEC.