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Assume the following is the stockholders' equity section of the 2016 balance sheet for Procter & Gamble Company and its statement of stockholders' equity.
| Amounts in millions; June 30 | 2016 | 2015 |
|---|---|---|
| Shareholders Equity | ||
| Convertible Class A preferred stock, stated value $1 per share (600 shares authorized) | $1,451 | $1,483 |
| Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized) | - | - |
| Common stock, stated value $1 per share (10,000 shares authorized; shares outstanding: 2016-3,975.8, 2015-2,976.6) | 3,976 | 2,977 |
| Additional paid-in capital | 57,856 | 3,030 |
| Reserve for ESOP debt retirement. | (1,288) | (1,259) |
| Accumulated other comprehensive income | (518) | (1,566) |
| Treasury stock, at cost (shares held: 2016-797.0, 2015-503.7) | (34,235) | (17,194) |
| Retained earnings | 35,666 | 31,004 |
| Total shareholders equity | $62,908 | $18,475 |
| Consolidated Statement of Shareholders Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Dollars in millions/ shares in thousands | Common Shares Outstanding | Common Stock | Preferred Stock | Additional Paid-in Capital | Reserve for ESOP Debt Retirement | Accumulated Other Compre-hensive Income | Treasury Stock | Retained Earnings | Total | Total Comprehensive Income |
| Bal. June 30, 2015 | 2,472,934 | $2,977 | $1,483 | $3,030 | $(1,259) | $(1,566) | $(17,194) | $31,004 | $18,475 | |
| Net Earnings | 8,684 | 8,684 | $8,684 | |||||||
| Other comprehensive income: Financial statement translation | 1,316 | 1,316 | 1,316 | |||||||
| Net investment hedges, net of $472 tax | (786) | (786) | (786) | |||||||
| Other, net of tax benefits | 518 | 518 | 518 | |||||||
| Total comprehensive income | $9,732 | |||||||||
| Dividends to shareholders: Common | (3,555) | (3,555) | ||||||||
| Preferred, net of tax benefits | (148) | (148) | ||||||||
| Treasury purchases | (297,132) | (9) | (16,821) | (16,830) | ||||||
| Employee plan issuances | 36,763 | 16 | 1,308 | 887 | (319) | 1,892 | ||||
| Preferred stock Conversions | 3,788 | (32) | 5 | 27 | - | |||||
| Gillette acquisition | 962,488 | 983 | 53,522 | (1,134) | 53,371 | |||||
| Change in ESOP debt reserve | (29) | (29) | ||||||||
| Bal. June 30, 2016 | 3,178,841 | $3,976 | $1,451 | $57,856 | $(1,288) | $(518) | $(34,235) | $35,666 | $62,908 | |
How many shares of common stock did Procter & Gamble issue when convertible class A preferred stock was converted during fiscal 2016?
Select one:
A. 36,763,000
B. 3,788,000
C. 600,000,000
D. 962,488,000
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