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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.)

Discussed on the HPAA Finance Forum.   Questions or comments to: info@hpalumni.org

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









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



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.

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 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.

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