On January 1,2020, V Co. issued 100 share options to each of its 15 executive officers. The options vest at the end of a 4-year period. On the date of grant, each share option had a fair value of P 12. V expects that all options will vest. After the 4 year period, 80% of the executives are still in the employ of V Co. and 7 executives exercised their option and purchased the shares for P 17 each during the 1st year of exercise period. Exercise period is for 3 years from the end of the vesting period.The par value of each share is P 15. How much is the share options outstanding as of the 2nd year in the exercise period assuming out of the total 7 executives who exercised their options, 3 and 2 executives exercised their options in the 1st year and 2nd year, respectively.
On January 1,2020, V Co. issued 100 share options to each of its 15 executive officers. The options vest at the end of a 4-year period. On the date of grant, each share option had a fair value of P 12. V expects that all options will vest. After the 4 year period, 80% of the executives are still in the employ of V Co. and 7 executives exercised their option and purchased the shares for P 17 each during the 1st year of exercise period. Exercise period is for 3 years from the end of the vesting period.The par value of each share is P 15.
How much is the share options outstanding as of the 2nd year in the exercise period assuming out of the total 7 executives who exercised their options, 3 and 2 executives exercised their options in the 1st year and 2nd year, respectively.
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