In 2007, Gina's employer granted her 2,000 options to buy common shares of the firm. The options had an exercise price of $5 each and were issued at a time when the shares were worth $5 each. In 2008, Gina exercises her right to buy 2,000 shares by paying $10,000 to her employer while the shares have an actual market value of $15 each. In 2009, Gina sells her share on the open market for $50 each. What income tax consequence, if any, will Gina incur relative to the taxation year? Assume Gina operates at arm's length from her employer, she does not file any elections and the calculation is made under the basic rules.