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Micro Focus (Seattle SpinCo, MFGP) stock issues for former and current employees 

(Updated April 15, 2018.)  Questions or comments to: info@hpalumni.org

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Mutual help for alumni and employee shareholders. Other stockholders should contact the companies directly.

Operated by former employees who volunteer their time. Not endorsed or supported by the company.

Micro Focus "Seattle SpinCo" US tax liability on 2017 return. Hewlett Packard Enterprise (HPE) shareholders received shares in a UK company, Micro Focus International, in the September 2017 spinoff of HPE's software business. An opinion provided by HPE's outside tax counsel states: "...U.S. shareholders will be required to recognize gain (but not loss)..."  on their 2017 tax returns. Unlike previous spinoffs (Agilent, HPE, DXC), due to the unique circumstances involving a non-US corporation, HPE indicates that this transaction is taxable for US shareholders -- even if Micro Focus stock has not been sold.

If you owned HPQ stock on Oct 21, 2015, you automatically received stock in the new Hewlett Packard Enterprise company (HPE.)  If you owned HPE stock on Sept 1, 2017, you automatically received "Seattle SpinCo" stock -- which was immediately merged into Micro Focus

New: If you do not have employee purchase records -- or did not input your lot-and-cost information into your broker's system -- for a particular time period before 3/1/2002, you can use the current version of the HPAA spreadsheet to help estimate the average cost basis for the various spinoff shares over that period.

Go to:   Employee Stock and go through the steps for the details and action to take.

See also:

- Summary of Micro Focus business and employment outlook     MFGP stock price history

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

Hewlett Packard Enterprise




Share of temporary "Seattle SpinCo."

 - -

Seattle SpinCo

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Micro Focus ADSs (American Depositary Shares.) 


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