>>> I meant company's taxes. These stock options are appearing on their tax reports - so they do have a method to calculate them. <<
>
>In the year in which the options are granted? Really? I didn't know that. Must do some research or ask my brother-in-law the CPA.

Not exactly sure - this is something I caught on the Anderson hearing, when they were complaining about these ambiguities in the value of the options, and the investigator said they were perfectly clear on the tax application. That's all I know.