HPAA Logo
 Menu     Search

    ASAP     What's New?     Join     Benefits     Career     Company     Contacts     Finances


    Finance and Tax Menu     W-2, Payroll     Stock     Retirement Plans     Social Security


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

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

Page updated often -- use browser refresh button to display latest version.

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
(date)
  you received   [new stock
symbol]

Hewlett Packard Enterprise

HPE

2017-09-01

1.0

Share of temporary "Seattle SpinCo."

 - -

Seattle SpinCo

 - -

2017-09-01

0.13732611

  

Micro Focus ADSs (American Depositary Shares.) 

NYSE: MFGP



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.


 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 the company.