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HP's FAQ about distribution of Agilent shares - mangled version (Apr 25, 2022) The HP Alumni Association is operated by volunteers. Not officially endorsed or supported. Stock Menu. Keep up with HP/HPE-related stock issues: Join HPAA at no charge. Question? Email: info@hpalumni.org This page is no longer available on the HP website. Retrieved from the public Internet Archive "Wayback Machine" on Apr 24, 2022. By the time the automated Internet Archive system downloaded this page from the public HP website on May 12, 2015 -- it had been restructured and mangled. Highlighting added by HPAA. Extracted from original 18-click question-by-question page. Investor relations / FAQ /
FAQ about distribution of Agilent shares [Page is undated.] 1. What percentage of the original cost of my HWP shares should be allocated to the Agilent shares I receive? On a rounded basis,
- 22% of the original cost of your HWP shares may be allocated to the
aggregate of Agilent shares plus cash in lieu of fractional shares. If you wish to carry the calculation out to more decimal places, please consult with your tax advisor and also see the Information Statement booklet and the U.S. Tax Information sheet. (These links go to PDF files. To view PDF files, you need to have Adobe Acrobat Reader installed on your computer. Acrobat Reader is a free plug-in. You can download the latest version or download a version with accessibility features .) For purposes of this precise calculation, at market close on June 2, 2000 (the distribution date) the closing price of HWP common stock on the "regular way" market was $142.06 and on the "ex-dividend market" was $111.00, and the closing price of Agilent common stock was $81.875. Because a variety of means of calculating the allocation of tax basis may be permissible, if you choose not to use the 22%/78% calculation set forth above, please discuss your particular calculation with your tax advisor.
[See HPAA's copy of detailed
HP Tax Letter
]
Stock certificates for whole shares of Agilent and cash payments for
fractional shares were mailed to HP shareowners by our transfer agent,
Computershare. [HPAA comment: This answer is incomplete -- see
highlights in answers 6, 7, 9, 11, and 14 below.]
If you are an employee or former employee of Hewlett-Packard or
Agilent and own shares through HP’s benefit plans, please visit the
hpNOW employee web site or the Agilent Employee Information and Resource
Center web site.
If you hold
share certificates issued by Hewlett-Packard in your name, or if you are
enrolled in HP’s Dividend Reinvestment and Stock Purchase Program,
please call Computershare at 1-877-309-9856 or 1-312-588-4672.
In the future, payment and amount of dividends by HP will continue to be
subject to the discretion of the board of directors and will depend on
results of operations, financial conditions, cash requirements, future
prospects and other factors deemed relevant by the board.
International shareowners should consult with a personal tax advisor to
determine the taxable effect of this distribution. It is expected that
in most jurisdictions outside the United States, the distribution may be
taxable.
If you are an employee or former employee of Hewlett-Packard or
Agilent and own shares through HP’s benefit plans, please visit the
hpNOW employee web site or the Agilent Employee Information and Resource
Center web site.
If you are an employee or former employee of Hewlett-Packard or
Agilent and own shares through HP’s benefit plans, please visit the
hpNOW employee web site or the Agilent Employee Information and Resource
Center web site. Restricted shares held under the employee stock
purchase plan or one of HP’s incentive stock plans were treated
differently. People who purchased shares of HP common stock under the ticker HWP will receive Agilent shares shortly after the distribution. People who sold shares of HP common stock under the ticker HWP sold their entitlement to receive shares of Agilent.
The ex-distribution market ended at market close on June 2, 2000 and HP
again trades only under one ticker symbol, HWP.
The when-issued market ended at market close on June 2, 2000 and Agilent
again trades only under the ticker symbol, A.
HWP WI represented HP without the value of the Agilent shares, so its
price was lower. |
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