The stock options were granted pursuant to an official employer Stock Option Plan.
The Stock Option Plan specifies the total number of shares in the option pool.
The Stock Option Plan specifies the employees or class of employees eligible to receive options.
The Stock Option Plan was approved by the stockholders of the grantor within 12 months before or after the date of adoption of the Plan.
The options were granted within 10 years of the adoption of the Stock Option Plan and within 10 years of approval by the stockholders of the grantor.
The terms of the Option Grant specify that the option is not exercisable after the expiration of 10 years from the date of the option grant.
The individual employee who was granted the options owns less than 10% of the total combined voting power of all classes of stock of the employer corporation (or its parent or subsidiary corporation)
The terms of the Option Grant specify that the option is not transferable other than by will or the laws of descent and distribution (The Option Grant must specificy that the options are non-transferrable in most cases, the only exception is a transfer to the heirs of the grantee through the operation of a will or estate laws).
The stock was sold at least 2 years after the option grant and at least 1 year after exercise.
Grantee was an employee at all times up to 3 months before exercise.