I've never heard of an IPO'd company--meaning one that's listed on a public market like the NYSE or NASDAQ--with such thin trading, nor have I ever heard of option grants measured in hundreds...
I think the original grant (4-year vesting etc) must have been for around 1,000 shares. and I joined pre-IPO. but I agree it was not a large grant, even for an entry-level position. Nonetheless it's the only one I've gotten that's worth anything right now!
I got an option grant once for hundreds. It was for a promotion and, whatever the intended effect, I felt like "why did you even bother?"
Me as well (well, it was 1000 shares for a promo, but close enough). I left shortly thereafter.