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Stock and options issues 

Advice and reference information from Hewlett-Packard Alumni Association members. The HPAA has a Finance Forum where we discuss US personal finance issues from an ex-HP perspective.  Join the HPAA at no charge: http://www.hpalumni.org  (Updated May 3, 2017)

Be sure to check state unclaimed property sites for lost shares, uncashed dividend checks, and other stray money. You may be approached by companies claiming to have found money for you -- for example, a private investigator has been contacting ex-EDS folks. There is no need to pay anyone. Member advice on unclaimed property

1. HP Breakup.

a. HPI/HPE separation. HP Inc shareholders (stock symbol HPQ) automatically received a proportional number of shares in Hewlett Packard Enterprise (stock symbol HPE.) Stock aspects of HPI/HPE separation

b. HPE/DXC spin-merge with CSC. Several members initially reported that their brokers display obviously-incorrect info on their HPE and DXC stock on their accounts. Not surprising, since It takes a couple of weeks after the record date of such a transaction for the companies involved to publish the final legal filings and details. Then the brokers have to get that information into their systems. Here's the official legal filing...
"Stock cost basis allocation (form 8937) for Enterprise Services/DXC spin merge" (dated April 26, 2017) -- on HPE website:
http://investors.hpe.com/~/media/Files/H/HP-Enterprise-IR/documents/stock-cost-basis-allocation-form 8937.pdf

c. HPE/HPESoftware spin-merge with Micro Focus.
September  7 HPE Press Release. "Spin-off and merger of its non-core software assets with Micro Focus (LSE: MCRO) [London Stock Exchange.]  At the completion of the transaction, currently expected to occur by the second half of HPE's fiscal year 2017, HPE shareholders will own American Depositary Shares ("ADSs") representing 50.1% of the equity of the new combined company (which will continue under the name Micro Focus) on a fully diluted basis. This equity stake in Micro Focus is valued at approximately $6.3 billion based on the closing price of Micro Focus shares as of market close on September 5, 2016. HPE will also receive a $2.5 billion cash payment prior to the completion of the merger, resulting in total consideration to HPE and its shareholders of approximately $8.8 billion. The transaction is expected to be tax-free to HPE. An HPE senior executive will serve on the board of directors of the combined company. In addition, HPE will nominate 50% of the independent directors to the combined company's board."
[HPAA will update this page when HPE publishes the final legal filing and details.]

2. HP employee stock plans. 
Official HP public page
on Employee Stock Purchase Plans (ESPP), Share Ownership Plan (SOP), Compaq ESPP, EDS ESPP, Performance-based Restricted Units, Restricted Stock Awards, Restricted Stock Units, Stock Appreciation Rights, and Stock Options: https://content.ext.hp.com/sites/CountrySupport/Global_Total_Rewards.page
Official HPE public page
on Employee Stock Purchase Plans (ESPP), Share Ownership Plan (SOP), Compaq ESPP, EDS ESPP, Performance-based Restricted Units, Restricted Stock Awards, Restricted Stock Units, Stock Appreciation Rights, and Stock Options: https://content.ext.hpe.com/sites/CountrySupport/Global_Total_Rewards.page
HPAA member advice:
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. How to access your ESPP shares:
- 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.

3. Compaq, EDS and other predecessor stock issues. Predecessor company stock

4. Where are my HP Inc. (HPQ) stock records?  Depends on how and when you acquired the stock.
Includes contact info for Fidelity and Merrill Lynch -- and an online form to contact the company: http://h30261.www3.hp.com/contact-us.aspx -- scroll down 2/3.

5. Where are my Hewlett Packard Enterprise (HPE) stock records?  Depends on how and when you acquired the stock.
Includes contact info for Fidelity and Merrill Lynch -- and an email address to contact the company: http://investors.hpe.com/contact-us -- scroll down 1/2.

6. HP Employee Purchase cost basis:  Stock aspects of HPI/HPE separation
- 1959 through 2000: HPAA's HP Employee Stock Purchase Spreadsheet. Employee Stock Purchase Plan FMV's and Prices 6/59 through 1/01. Includes the exact amounts that employees paid taxes on -- for employee stock purchase and service awards. Includes stock splits and the Agilent and Verigy spinoffs. Developed by a team of HPAA members.
- Reference example for the HPAA's stock purchase spreadsheet, by Tom von Alten.
- 2000 through 2010: Official "SOP Historical FMVs & Purchase Prices." Document sent to HPAA by HP Global Equity Administration on October  14, 2013.
- 2011 through 2013: Official "ESPP Historical FMVs & Purchase Prices." Document sent to HPAA by HP Global Equity Administration on October  14, 2013.

7. HP Share Ownership Plan (SOP) tax reporting. Very helpful information collected by HPAA member Alan Silverstein and posted on his personal website: HP SOP Tax Reporting Info (revised Dec 11, 2013.)

8. HP employee stock options and taxes. Advice from HPAA members: Stock Options

9. Option exercise -- obtaining your annual W-2 Wage and Tax Statement. You need your HP W-2 if you exercised any options during the year -- even if you did not work for HP during that year. (You will also get a 1099-B from the broker. You need both documents for every option exercise.)  How to obtain your annual W-2 or final Earnings Statement

10. HP investor purchase cost basis:  Stock aspects of HPI/HPE separation
- Historical prices that investors paid -- and stock splits  
- HP gives a link to a third-party site: "For a fee, you may use NetBasis to calculate the cost basis for your HP stock. To use the system, you will need your purchase/acquisition/sales dates and the number of shares acquired and/or sold on those dates."

11. Stock of predecessor and spinoff companies. (Agilent, Compaq, DXC, EDS, Indigo, Mercury, Micro Focus, Opsware, Peregrine, and others.) Predecessor company stock

12. Acquisitions and Divestitures unofficial directory of 156 acquisitions -- and 23 divestitures and spinoffs -- by HP, HP Inc, and Hewlett Packard Enterprise.

 

For more mutual help on these topics and many others, join the HP Alumni Association. You are eligible to join the HP Alumni Association if you were formerly a regular, direct employee of Hewlett-Packard, Hewlett Packard Enterprise, or HP Inc. or have a defined retirement or termination date.  Thanks to the HPAA's Supporting Members, there is no charge to join.

 

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