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DXC stock issues   (Updated May 8, 2018.) 


Current employee stock issues: 

- New spinoff. If you own DXC shares on May 25, you will receive shares in a new company -- with corresponding adjustment in value of your DXC shares. Perspecta spinoff.

- Micro Focus tax liability on 2017 return. HPE shareholders received shares in a UK company -- Micro Focus -- in the September 2017 spinoff of HPE's software business. Due to unique circumstances, this transaction is taxable for US shareholders -- even if no Micro Focus stock has been sold. Some brokers and administrators either did not report -- or reported incorrectly -- to the IRS. You can file an amended return. Micro Focus tax

- Time to untangle your stock! Many have discovered that they have stock in more 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
(sorted by date)
  you received New stock symbol   In HPAA cost basis spreadsheets?   Incorporated
in (to find lost stock)
  If you want
details

HP bought EDS

 

EDS

 

2008-08-26

 

$25

 

cash from HP, a 32% premium 

 

HPQ

 

no

 

Delaware

 

EDS details

HP spun off HPE

HPQ

2015-10-21

1.0

share of Hewlett Packard Enterprise.

HPE

 

yes

 

Delaware

 

HPE details

-  HPE spin/merge with CSC, creating DXC

HPE

2017-03-20

0.086

share of DXC. ("Everett SpinCo") 

DXC

 

yes

 

Nevada

 

(you are here)

    -  DXC spin/merge, creating Perspecta

DXC

2018-05-25

0.5

share of Perspecta.  

PRSP

 

TBD

 

Delaware

 

Perspecta details


Stock information and contacts:
Check both official pages:  Employee Stock    Employees and Alumni

"...you will generally not recognize gain or loss for US federal income tax purposes..." HPE/DXC cost basis letter

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.

Unexpired HPE options: If you had unexpired HPE stock options and were transitioned to DXC, the HPE options in your Merrill Lynch account may have vanished in April 2017 -- with no notification. The HPE options were converted to DXC options and placed in a new Fidelity account.

If you have an existing HP 401(k) or personal brokerage account at Fidelity, go to http://netbenefits.com and use your existing username and password. Otherwise, call Fidelity at 1-800-457-4015 -- select "ESPP" -- on any business day (except NYSE holidays) between 8:30 a.m. and midnight Eastern time. Outside the US, call 1-508-787-9902 collect.

Announcement   Completion    Where's my DXC stock?    About DXC

Price history   


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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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