Wen was recently granted 1,000 shares of restricted stock from his employer when the share price was $8 per share. The restricted shares vested three years later when the market price was $11. Wen then held the shares for a little more than a year after vesting and sold them when the market price was $16. Assuming Wen made a section 83(b) election, what is the amount of gain or loss on the restricted stock on the day he sold it?

		$5,000 LTCG
		$3,000 STCG
		$8,000 LTCG
		$3,000 LTCL