How is compensation from the exercise of non statutory stock options reported on Form W-2 if compensation is not recognized on the date of the grant? The spread between the: 1. grant price of the stock over the fair market value at the time of vesting is shown as a "V" in box 12. 2. grant price of the stock over the exercise price at the time of vesting is shown as a "V" in box 12. 3. Fair market value of the stock over the exercise price at the time of exercise is shown as a "V" in box 12. 4. Grant price of the stock over the exercise price at the time of exercise is shown as a "V" in box 12.