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Stock issues for former Compaq employees  (Updated April 28, 2018.)

Mutual help for those who acquired stock via employment at Hewlett-Packard, HP Inc, Hewlett Packard Enterprise, Compaq, EDS, or other HP predecessor companies.

Other stockholders should contact the companies directly.

Operated by former employees who volunteer their time. Not endorsed or supported by the company.


Time to untangle your stock! Due to the breakup of HP, many have discovered that they have stock in more HP-related companies (as many as seven), located in more accounts, and with much less accurate cost basis values that they thought. You or your heirs could lose some of the stock or dividends as "abandoned" -- and you could wind up paying taxes twice on the same income. A team of HP Alumni volunteers has developed a step-by-step process to help you find all your stock, protectit from being treated as abandoned property, and prevent double taxation. Go to Employee Stock


Questions or comments to: info@hpalumni.org


For each share of   [stock symbol]   owned on
(date)
  you received [new stock
symbol]

Compaq

 

CPQ

 

2002-05-03

 

0.633

 

share of HWP. (18% premium over Compaq price of $12.35 before announcement: NYTimes)  

 

HPQ


HP FAQ on the merger     Compaq stock splits     Last Compaq Annual Report      Compaq SEC filings (Goes back to 1983 IPO and includes Annual Reports)    

For SEC filings, you can also use the SEC's EDGAR site.

Official HPI public page on employee stock, including Compaq ESPP: HPI Global Total Rewards

HPAA member advice:

If you bought CPQ shares under the Compaq employee stock purchase plan, those shares were automatically converted to HPQ shares at the time of the merger. Unless you have sold or transferred them, the shares (and your corresponding new Hewlett Packard Enterprise shares) are being held by the last administrator of the plan, Morgan Stanley Smith Barney -- which is no longer being paid by the company for this work.

Morgan Stanley customers are getting different results from different divisions of the company -- depending on whether they were participants in the Compaq Employee Stock Purchase Plan or had transferred their HP stock to a personal account at Morgan Stanley's local-office-based retail brokerage division. Morgan Stanley issues

Selling HPQ shares online is still possible at  https://www.stockplanconnect.com . However, selling HPE shares can only be done by calling 1-800-367-4777 or 1-801-617-7414.

To transfer your HPQ shares (and your corresponding new HPE shares) to another financial institution at no charge, you can either:

- Go to https://www.stockplanconnect.com and download the stock transfer forms for faxing to Morgan Stanley -- or

- Send an email to hpoptions@mssb.com  -- you will immediately receive a "deleted without reading" autoreply and, later, a personal reply with instructions and forms.

Postal address: Morgan Stanley Wealth Management, 411 Borel Avenue Suite 220, San Mateo, CA 94089.

Contact HPI Investor Relations

Your broker may have used a different formula than the one suggested in the tax basis letter provided by the company -- resulting in a somewhat different value. Check your brokerage account online -- or by examining a recent account statement -- to view your holdings in each stock going forward. HPI/HPE cost basis letter


Disclaimer. The information contained in this website, or sites linked to it, is provided as a service to the community, and does not constitute financial, legal, or personal advice. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this website and associated sites. As financial, legal, and personal advice must be tailored to the specific circumstances of each case, and finances and laws are constantly changing, nothing provided here should be used as a substitute for the personal advice of competent financial, legal, and personal advisors.


For more mutual help on this topic and many others, join the independent HP Alumni Association. If you were formerly a regular, direct employee of Hewlett-Packard, HP Inc, or Hewlett Packard Enterprise -- or have a defined retirement or termination date, join the HPAA. No charge, thanks to HPAA members.


 2018 Hewlett-Packard Alumni Association, Inc.  By using this site you accept these terms  Operated by former employees who volunteer their time. Not endorsed or supported by the company.