26 U.S.C. § 6039 : US Code - Section 6039: Information required in connection with certain options

Search 26 U.S.C. § 6039 : US Code - Section 6039: Information required in connection with certain options

(a) Furnishing of information
Every corporation -
(1) which in any calendar year transfers to any person a share
of stock pursuant to such person's exercise of an incentive stock
option, or
(2) which in any calendar year records (or has by its agent
recorded) a transfer of the legal title of a share of stock
acquired by the transferor pursuant to his exercise of an option
described in section 423(c) (relating to special rule where
option price is between 85 percent and 100 percent of value of
stock),
shall (on or before January 31 of the following calendar year)
furnish to such person a written statement in such manner and
setting forth such information as the Secretary may by regulations
prescribe.
(b) Special rules
For purposes of this section -
(1) Treatment by employer to be determinative
Any option which the corporation treats as an incentive stock
option or an option granted under an employee stock purchase plan
shall be deemed to be such an option.
(2) Subsection (a)(2) applies only to first transfer described
therein
A statement is required by reason of a transfer described in
subsection (a)(2) of a share only with respect to the first
transfer of such share by the person who exercised the option.
(3) Identification of stock
Any corporation which transfers any share of stock pursuant to
the exercise of any option described in subsection (a)(2) shall
identify such stock in a manner adequate to carry out the
purposes of this section.
(c) Cross references
For definition of -
(1) the term "incentive stock option", see section 422(b),
and
(2) the term "employee stock purchase plan" (!1) see
section 423(b).