Which of the Following Statements Regarding Employee Stock Options (ESO)is

Which of the following statements regarding employee stock options (ESO) is false?

A) Most ESOs are at the money when issued.
B) They are typically issued with only a few months until expiration.
C) Many firms do not let employees exercise their options until a vesting period has passed.
D) ESOs are most valuable when the price of the underlying asset is well above the stock price.