Working alone, complete the following: You receive 1500 options today, Nov 15 2020. The option grant has an exercise price of $12. The company share price is $12 today. The options vest 25% per year for the next 4 years. Assume the company stock will appreciate 10% per year for the next 4 years. Assuming you keep all your options until the grant is fully vested, what is the value of the total option grant and the vested portion to you after 1, 2, 3, & 4 years: Year: Share Price: Vested portion: % & #: Value to employee of vested portion: 0%/0 0 (Today) 1 2 3 4 Notes: In year 1, above: $12.00 x 1.10= price. The 1.10 comes from the instruction: "the company stock will appreciate 10% per year.." The 10% per year is a compounding rate. The value to the employee is the market value of the share x the number of shares, less the price paid for the shares (that is the exercise price). For this exercise, we will assume that there are no taxes or fees payable