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Case ACC 5115 Winter 2019 Wayne Inc. ("Wayne" or "the Company"), an SEC registrant, is a fashion retailer that sells men's and women's clothing and...
Case
ACC 5115 Winter 2019
Wayne Inc. ("Wayne" or "the Company"), an SEC registrant, is a fashion retailer that sells men's and women's clothing and accessories. As an incentive to its employees, the Company established a compensation incentive plan in which a total of 100,000 options were granted on January 1, 20X1. On that date (the grant date), Wayne's stock price was $15.00 per share.
The significant terms of the incentive plan are as follows:
• The options have a $15.00 "strike" or exercise price (the price the employee would pay to purchase a share of stock if the options vest).
