Under its restricted stock award plan, Pandora, Inc. grants 530,000 of its $1 par common shares to certain key executives at January 1, 2013. The shares are subject to forfeiture if employment is terminated within four years. Shares have a current market price of $11 per share What amount of compensation expense is recorded for the year ending December 31, 2013? O $132,500 O $5,830.000 O $1,457500