On February 20,2012,Tom (an executive of Hawk Corporation)purchased 100 shares of Hawk stock (selling at $20 a share)for $4 a share.A condition of the transaction was that Tom must resell the stock to Hawk at cost if he voluntarily leaves the company within five years of receiving the stock (assume this represents a substantial risk of forfeiture).

Question

On February 20,2012,Tom (an executive of Hawk Corporation)purchased 100 shares of Hawk stock (selling at $20 a share)for $4 a share.A condition of the transaction was that Tom must resell the stock to Hawk at cost if he voluntarily leaves the company within five years of receiving the stock (assume this represents a substantial risk of forfeiture).
On February 20,2012,Tom (an executive of Hawk Corporation)purchased 100 shares of Hawk stock (selling at $20 a share)for $4 a share.A condition of the transaction was that Tom must resell the stock to Hawk at cost if he voluntarily leaves the company within five years of receiving the stock (assume this represents a substantial risk of forfeiture).

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The Answer of On February 20,2012,Tom (an executive of Hawk Corporation)purchased 100 shares of Hawk stock (selling at $20 a share)for $4 a share.A condition of the transaction was that Tom must resell the stock to Hawk at cost if he voluntarily leaves the company within five years of receiving the stock (assume this represents a substantial risk of forfeiture).

On February 20,2012,Tom (An Executive of Hawk Corporation)purchased 100 Shares