How is compensation from the exercise of non statutory stock options reported on Form W2 if compensation is NOT recognized on the date of the grant? The spread between the: 1. Fair market value over grant price of the stock at the time of vesting is shown as "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. Grant price of the stock over the exercise price at the time of exercise is shown as "V" in box 12. 4. Fair market value of the stock over the exercise price at the time of exercise is shown as a "V" in box 12.