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On 1-1-2015, Lyshek Corporation established a stock option plan for its top executives. Each option allows for the purchase of one share of common stock

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On 1-1-2015, Lyshek Corporation established a stock option plan for its top executives. Each option allows for the purchase of one share of common stock (par value of $1 per share) at an exercise price of $20 per share. A total of 30,000 stock options are involved. The options are exercisable from 1-1-2017 through 12-31-2018 as long as the executive is still employed by Lyshek Corporation at the proposed time of exercise and he/she has been continuously employed byLyshek Corporation since 1-1-2015. The market price of the common stock and the estimated fair value of the stock options fluctuated as shown below. Market Price of Estimated Fair one (1) Share of Value of one (1) Common Stock Stock Option Date 1-1-2015 $21 12-31-2015 $24 12-31-2016 $23 Market Price of Estimated Fair one (1) Share of Value of one (1) Common Stock Stock Option Date 1-1-2015 $21 12-31-2015 $24 12-31-2016 $23 11-1-2017 $25 On 11-1-2017, 1,000 stock options were exercised. As a result of the exercise of the 1,000 stock options on 11-1-2017. Lyshek Corporation will On 1-1-2015, Lyshek Corporation established a stock option plan for its top executives. Each option allows for the purchase of one share of common stock (par value of $1 per share) at an exercise price of $20 per share. A total of 30,000 stock options are involved. The options are exercisable from 1-1-2017 through 12-31-2018 as long as the executive is still employed by Lyshek Corporation at the proposed time of exercise and he/she has been continuously employed byLyshek Corporation since 1-1-2015. The market price of the common stock and the estimated fair value of the stock options fluctuated as shown below. Market Price of Estimated Fair one (1) Share of Value of one (1) Common Stock Stock Option Date 1-1-2015 $21 12-31-2015 $24 12-31-2016 $23 Market Price of Estimated Fair one (1) Share of Value of one (1) Common Stock Stock Option Date 1-1-2015 $21 12-31-2015 $24 12-31-2016 $23 11-1-2017 $25 On 11-1-2017, 1,000 stock options were exercised. As a result of the exercise of the 1,000 stock options on 11-1-2017. Lyshek Corporation will

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