HP-related stock issues for former Compaq employees (Updated April 13, 2018.)
See also our main page on stock issues: http://www.hpalumni.org/stock
Micro Focus "Seattle SpinCo" US tax liability on 2017 return. Hewlett Packard Enterprise shareholders received shares in a UK company -- Micro Focus -- in the spinoff of HPE's software business. Due to unique circumstances involving a non-US corporation, HPE indicates that this transaction is taxable for US shareholders -- even if no Micro Focus stock has been sold. 3. Micro Focus tax
If you acquired HP stock via the Compaq employee stock purchase plan. Determine cost basis and ordinary income or capital gain for each lot of shares spawned by HP since the Compaq merger -- HP Inc, Hewlett Packard Enterprise, DXC Technology, Micro Focus... And download the HPAA's Compaq Cost Basis and Spinoff Tax Calculator. HPAA Stock Spreadsheets
New: If you had HPE stock at Merrill Lynch last year, a corrected 1099-B is scheduled be available on Tues April 17. Details: Merrill Lynch Details
New: If you had HPE stock at Morgan Stanley last year, a corrected 1099-B dated 4/13 is being sent via postal mail. Details: Morgan Stanley Details
Extension of time to file. "April 17 is the deadline for most taxpayers to file an extension and to pay taxes owed to avoid penalty and interest charges. If you file for an extension, your return is due October 15, 2018. ...an extension of time to file your return does not grant you any extension of time to pay your taxes." IRS link (You can file for an extension with a paper form or using TurboTax.)
For SEC filings, you can also use the SEC's EDGAR site.
Where's my stock? It is unlikely that all of your employee stock is in one place -- especially if there have been spinoffs. You need to determine where your stock is currently located -- and keep each of the companies administering your accounts up-to-date on your current address. Where's my employee stock?
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 for this work.
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 firstname.lastname@example.org -- 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.
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
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