1. Exhibit 15-6 On January 1, 2016, 50 executives were given a performance-based share option plan that would award them with a maximum of 300 shares of $10 par common stock for $20 a share. On the grant date, the fair value of an option was $16.50. The number of options that will vest depends on the size of the annual average increase in sales over the next three years according to the following table:

   Annual Average Increase in Sales	No. of Shares
   Greater than 5%	50
   Greater than 10%	150
   Greater than 15%	300

   On the grant date, the company estimates the annual average sales increase will be 14%. Refer to Exhibit 15-6. The estimated total compensation cost will be

   $247,500

   $27,500

   $123,750

   $55,000