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You have been hired as employee number 20 of a start-up company and have been...

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Finance

  1. You have been hired as employee number 20 of a start-up company and have been offered options as a portion of your compensation. The options vest over 4 years, with 25% vesting at the end of the first year of your employment and the remaining 75% vesting monthly over the next three years. If you quit to join a new company halfway through your third year of employment (so you were employed for 2 years), then what percentage of your options have vested? (to a tenth of a percent).
  2. Restricted stock plans are generally taxable to the employee as follows:
    1. Ordinary income when granted
    2. Capital gain when granted
    3. Ordinary income when they vest
    4. Capital gain when they vest.

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