Six years ago, corporation AT granted a stock option to employee N to purchase 1

ID: 2444863 • Letter: S

Question

Six years ago, corporation AT granted a stock option to employee N to purchase 1,000 shares of AT stock for $15 per share. At date of grant, AT stock was selling for $15.00 per share. Over the last six years, the market price has steadily declined to $11.80 per share. What are the tax consequences to employee N in the current year when the option lapses? Six years ago, corporation AT granted a stock option to employee N to purchase 1,000 shares of AT stock for $15 per share. At date of grant, AT stock was selling for $15.00 per share. Over the last six years, the market price has steadily declined to $11.80 per share. What are the tax consequences to employee N in the current year when the option lapses?

Explanation / Answer

If the option lapses, there is no income tax impact to either the company or the employee.

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Six years ago, corporation AT granted a stock option to employee N to purchase 1

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