If the exercise price of each ISO granted under an employer's plan is equal to the fair market value of the underlying shares of stock at the time of grant (a common situation, although ISOs with exercise prices in excess of current fair market value are obviously permissible), then compliance can be tested by comparing $100,000 to the product of (i) the number of
shares with respect to which ISOs of an employee first become exercisable in a particular year and (i) the exercise price per share.
This amount was allocated to the 76.445 voting
shares with the remainder of the overall value divided equally by all 141,365.029 common shares.
This is the portion National
shares with Shimoto via the sharing agreement.
Here you can choose which shares you elect to sell, so you can select the
shares with the highest cost basis and realize the largest tax loss or the smallest gain possible, once again minimizing your tax bill.
Rather, the entity grants a new option for a specific number of
shares with a specific exercise price and with the stipulation that each share acquired through exercise under the new grant cancels a proportionate number of shares under the original grant and vice versa.
Once you are in the program, the same companies allow you to purchase additional
shares with dividends reinvested.