Pony Inc. issues restricted stock to employees in July 2012, with a 2 yr vesting
ID: 2353124 • Letter: P
Question
Pony Inc. issues restricted stock to employees in July 2012, with a 2 yr vesting period and a SRF. An employee must remain a full time employee of Pony for 2 yrs after the the stock is issued. The stock is trading at $10 a share when the stock is issued. An employee decides to make the 83(b) election with iss 1000 shares at the end of 2012, the stock is selling for $13 a share. What amount, if any, ccan pony take as compensation deduction?a. 13000 when the stock is sold
b. 10,000 when the stock is sold
c. 13,000 in 2012
d. 10,000 in 2013
e. 0
Explanation / Answer
d. 10,000 in 2013