This response relates to a request for an advisory opinion, but is informational only and is not an advisory opinion because it is based
in part on proposed regulations of the Commission which were submitted to Congress but not yet made effective. This response concerns
employee/participants in a stock option plan and their status as stockholders (reconsideration denied).
Final opinion December 30, 1976
||Continental Oil Company
||Corporation (including LLCs electing corporate status)