In the case of a Qualified sale the compensation income is the lesser of
The discount applied to the grant price: 15% x $26 x 31 = $120.90
The actual gain based on your out of pocket cost 31 x ($29.39 - $18.36) = $341.93
(Tax regulations issued in 2009 specify that in some situations the end of the offering period (when you purchase the shares) will be considered the grant date. Your company should inform you if this is the case.)
Tom Young
