Table:
|  | Number of Shares | Weighted Average Exercise Price |
| --- | --- | --- |
| Outstanding at September 2018 | 33,800 | $  77.85 |
| Granted | 5,450 | 84.00 |
| Exercised | (2,800) | 79.22 |
| Forfeited/Expired | — | — |
| Outstanding at September 2019 | 36,450 | $  78.67 |
Paragraphs:
The following is a summary of stock option activity during fiscal 2019:
Net income before income taxes included compensation expense related to the amortization of the Company’s stock option awards of $0.1 million during both fiscal 2019 and fiscal 2018. At September 2019, total unamortized compensation expense related to stock options was approximately $0.3 million. This unamortized compensation expense is expected to be amortized over approximately the next 38 months.
The aggregate intrinsic value of stock options exercisable was approximately $0.2 million and $0.3 million at September 2019 and September 2018, respectively.
The total intrinsic value of stock options exercised was $0.1 million in both fiscal 2019 and fiscal 2018. The total fair value of stock options vested was $0.4 million during both fiscal 2019 and fiscal 2018.
Question:
What is the percentage of shares granted as a percentage of the number of outstanding shares at 2018?
Answer: 5450/33800  = 16.12