Does this apply to us?

Only if you had one or more employees exercising ISOs during 2015.

Does it matter if we are public or private?

No.

What do we need to do and by when?

You need to provide the exercising employees with an “information statement” on Form 3921 on or before February 1, 2016 AND provide the same form to the IRS as an “information return” on or before February 29, 2016 (or March 31 if you file electronically).

Where can I get Form 3921?

You can get Form 3921 at the IRS Website or by calling 1-800-TAX FORM (829-3676).

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