HPAA Logo
 Menu     Search

    ASAP     Benefits     Career     Company     Contacts     Finances     HPAlumni     Join


    Finance and Tax Issues     Benefits     Discounts     Social Security     Stock     Finance Forum


HP Stock Decoder   

How shares of the Hewlett-Packard Company have spawned shares of HP Inc, Hewlett Packard Enterprise, DXC Technology, Micro Focus, Agilent, Keysight... and a new IT services company yet to be named.

(Revised December 30, 2017.)

See also our main page on stock issues: http://www.hpalumni.org/stock

Fortune article summarizing breakup of Hewlett-Packard into HP Inc, Hewlett Packard Enterprise, DXC, and Micro Focus.

Tax consequences:

- The HPE and DXC spinoff deals were structured so that there was no taxable gain to shareholders. (With a cash payment for the leftover fraction of one share.)

- The Micro Focus spinoff deal created a complex 2017 taxable event for HPE shareholders. An HPAA team is researching. Discussion

Non-US employees may have shares at Morgan Stanley's "StockPlan Connect." Login FAQ

Predecessor company stock Compaq, EDS, Indigo, Mercury, Opsware, Peregrine, and others.

Questions or comments to: info@hpalumni.org

 

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

Hewlett-Packard

HWP

2000- 05-02

0.381

share of Agilent.

A

 

HP FAQ on split

HPAA cost basis spreadsheet

Agilent price history

Agilent's FAQ; Where's my Agilent stock?


Compaq Computer merger   CPQ   2002- 05-03   0.633   share of HWP, an 18% premium Details

Hewlett-Packard

 

HWP

 

2002- 05-06

 

1.0

 

stock symbol changed

 

HPQ

 

HPAA cost basis spreadsheet

HP/HPQ price history

Stock info for former HP employees -- see Note 1 below.


Agilent

A

2006- 10-16

0.122

share of Verigy.

VRGY

 

HPAA cost basis spreadsheet

Agilent FAQ on split

Verigy cost basis


EDS acquisition   EDS   2008- 08-26   $25   cash from HP, a 32% premium Details

Verigy

VRGY

2011- 07-04

$15

cash from Advantest (Japan)

Advantest announcement

Verigy options


Autonomy acquisition   AU   2011- 10-03   £25.50   cash from HP, a 64% premium Details

Agilent

A

2014- 10-22

0.5

share of Keysight.

KEYS

Keysight FAQ on split

KEYS price history

Where's my Keysight stock?


Hewlett-Packard

HPQ

2015- 10-21

1.0

share of Hewlett Packard Enterprise.

HPE

     

HP FAQ on HPE split

HPE cost basis

HPE price history

HPE stock info for former HP employees -- see Note 2 below.


Hewlett Packard Enterprise

HPE

2017- 03-20

0.086

share of DXC.

DXC

 

HPE announcement 

DXC cost basis

DXC price history

Where's my DXC stock?

DXC stock info for former HPE employees -- see Note 3 below.


Hewlett Packard Enterprise

HPE

2017- 09-01

0.137

Micro Focus ADSs (American Depositary Shares)

London: MCRO

 

HPE announcement

  NYSE:  MFGP
 

MFGP price history

Where's my Micro Focus stock?

Stock info for current and former employees -- see Note 4 below.


DXC

DXC

2018- 03-31

TBD

share of "Newco" serving US Government clients.

TBD

 

DXC announcement

Transcript


 

Note 1. HPI (symbols HWP, HPQ) stock and options issues for former employees::

- HPAA advice

- HPI Investor Relations (Scroll down)

- HPI Global Total Rewards [HPI Global Equity email: global.equity@hp.com ]

- On May 1, 2015 the shares purchased and held in the Employee Stock Purchase Plan ("ESPP") and the former Share Ownership Plan ("SOP") were transferred from Computershare Shareowner Services (formerly BNY Mellon) to Fidelity Investment Services. Initial notification was on the Computershare web site. A notification with instructions was mailed to inactive HP employees.

- 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.

 

Note 2. HPE stock and options issues for former employees:

- HPAA advice

- HPE Investor Relations (Scroll down. Wells Fargo international number is reportedly 651-450-4064.)

- HPE Global Total Rewards  [HPE Global Equity email: global.equity@hpe.com ]

- 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.

- Stock options and SARs. "Each award of HP Co. stock options or SARs held by an individual who will be an employee of HP Inc. following the separation, or who is a former employee of HP Co. as of the separation, will continue to relate to HP Inc. common stock, provided that the exercise price of, and number of shares subject to, each such award will be adjusted in a manner intended to preserve the aggregate intrinsic value of the original HP Co. award as measured immediately before and immediately after the separation. Such adjusted award will otherwise to subject to the same terms and conditions that applied to the original HP Co. award immediately prior to the separation, except that, for each such award of stock options that are performance-contingent stock options, the performance requirements will be adjusted in a manner that preserves the original ratio of stock price hurdle to exercise price."  Options and SARs for those who will be an HPE employee after the separation will be similarly adjusted and converted into HPE options and SARs. HPE SEC filing  [Document page 154. Condensed and boldface emphasis added.]

 

Note 3. DXC stock and options issues for former employees:

- HPAA advice

- 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.

 

Note 4. Micro Focus stock and options issues for former employees:

- The Micro Focus spinoff deal created a complex 2017 taxable event for HPE shareholders. An HPAA team is researching. Discussion

- Official HPE presentation to HPE employees (undated 0.5MB pdf file) which covers:
- What happens to HPE shares you own (pages 8-9.)
- What happens to your Long-Term Incentives -- options and RSUs (pages 12-16.)
- US taxes on ADS distribution (page 18-19.)

- Contact HPE Investor Relations

- Unexpired HPE options. We don't have data yet. (However, people who were transitioned to DXC found that the HPE options in their Merrill Lynch account vanished but were converted to DXC options in a new Fidelity account.)

- Background documents: Cost basis - HPE document   Cost basis - Micro Focus Form 8937   Micro Focus Tax Documentation


For more mutual help on these topics and many others, join the HP Alumni Association. You are eligible to join 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.  Thanks to the HPAA's Supporting Members, there is no charge to join the HP Alumni Association.

 

The Hewlett-Packard Alumni Association is an independent volunteer organization of former HP, HP Inc, and Hewlett Packard Enterprise employees – and current employees in the process of leaving. Operated by former employees who volunteer their time. Not endorsed or supported by HPI or HPE. 


© 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 HPI or HPE.