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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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