On January 1 2014 Barwood Corporation granted5000options to

On January 1 2014 Barwood Corporation granted5000options to executives Each option entitles the holder to purchase one share of Barwoods 5 par value common stock at 50 per share at any time during the next 5 years The market price of the stock is 65per share on the date of grant The fair value of the options at the grant date is 150000 The period of benefit is 2 years