Cook Illinois is a company that offers stock option grants and exercises to its employees as part of their compensation package. A stock option grant is a type of incentive given to employees, allowing them to purchase company stock at a specific price, known as the exercise price. These grants are typically offered to employees as a way to align their interests with those of the company and provide an opportunity to share in its success. There are several types of stock option grants offered by Cook Illinois, including non-qualified stock options (Nests) and incentive stock options (SOS). Nests grant employees the ability to purchase stock at a predetermined price, regardless of the stock's current market value. On the other hand, SOS provide employees with favorable tax treatment if certain conditions are met. When employees decide to exercise their stock options, they purchase the specified number of shares at the exercise price. This allows them to convert their options into actual stock ownership. Cook Illinois gives employees the flexibility to exercise their stock options at any time before the options expire. Fiscal year-end values refer to the valuation of the stock options granted by Cook Illinois at the end of its fiscal year. This assessment is crucial for the company to determine the value of outstanding stock options and evaluate their impact on the financial statements. It helps Cook Illinois understand the potential dilution to existing shareholders and assess the overall compensation expenses associated with the stock option grants. In conclusion, Cook Illinois offers various types of stock option grants, including non-qualified stock options and incentive stock options, to its employees. These grants provide employees with the opportunity to purchase company stock at a predetermined price. Fiscal year-end values are important for the company to assess the financial impact of these stock option grants.