The Bentwater Co

The Bentwater Co. just repriced the firm's employee stock options. This action indicates that the:

A) Firm just paid a dividend on those options.
B) Firm is retiring some of its outstanding shares.
C) Market value of the stock has declined significantly.
D) Exercise price was less than the stock price which is the reason for the repricing.
E) Options must be puts on the company's stock.