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, protect it from being treated as abandoned property, and prevent double taxation. Go to Employee Stock
Questions or comments to: email@example.com
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 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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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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