1. Two EMBA students, Phil and Tracy launch a company. Tracy has 36% and Phil 64%. They agree on three year vesting of founders stock that begins as soon as they start the company. After one year Tracy and Phil agree she isnt staying with the company. Phil decides at that point to set aside 30% of the company to bring on the top talent he needs. After he does this how much stock does Phil own? How much does Tracy own?