Director X of the ABC Corporation, listed on the NYSE, has engaged in the following transactions in ABC's stock:

January 1, 2017 -purchased 300 shares of ABC stock for $30 per share

January 15, 2017-sold 300 shares of ABC stock for $35 per share

January 30, 2017 -purchased 300 shares of ABC stock for $25

February 3, 2017 -sold 300 shares of ABC stock for $20

Which of the following is correct?

A) The director has a net loss so there are no short-swing profits.

B) The director has a net gain of $15 x 300 shares or $4,500.

C) The director is not subject to the restrictions on short-swing profits.

D) none of the above