Company gifted stock to client

[Margaret CPA in OH]

A client was gifted 49 shares of stock on retirement several years ago.  Is her basis (she sold last year) the market price at that date?  Seems a bit odd as the 'donor's' basis would not be the current share price, would it?  Happy to use that as basis. I've often managed stock gifts among family and friends but not as a retirement gift from a company.

[Lee B]

It was taxable income at the gift date reportable as W 2 Wages.

[Margaret CPA in OH]

Okay, I will ask if she recalls seeing that on her pay.  It was in 2012.  If she doesn't recall, is it safe to assume that it was included?  The value is about $3400.