Exhibit 15-3 On January 1, 2016, Howard, Inc granted to a key executive a fixed compensatory share option plan for 1,000 shares of $4 par common stock for $30 a share. The fair value per option on that date was $14. The service period extended through December 31, 2017 Refer to Exhibit 15-3. What entry, if any, was required on December 31, 2016 Compensation Experie 7,000 Paid-in Capital Share Opcions to try was nec Compensation 9,000 Deferred Compensation 9.000 Common Expense Paid in Call Share Options 6,000