|
|
Not officially endorsed or supported. To keep up with HP/HPE-related stock issues, Join HPAA at no charge.
Find all your HP/HPE-related stock – and estimate cost basis:
Stock
Stock Menu
Using a phone? This complex topic requires a PC, Mac, Chromebook, or large-screen tablet.
Stock issues for former Compaq employees (Mar 28, 2023. May 5, 2024)
Stock. Due to the breakup of HP, you may now have shares in HPInc, Hewlett Packard Enterprise, Agilent, Keysight, and DXC – held in multiple accounts – and may not have received cash payouts for Micro Focus or Perspecta. Your current cost basis depends on when you acquired stock as companies were spun out.
HPAA members have developed a step-by-step process to find all your HP/HPE-related stock – and estimate cost basis: Stock
Received a "Potential Private Retirement Benefit" letter from Social Security? How to decode the letter and who to contact, if necessary: Potential Benefit letter
Website 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
See all our information for Compaq alumni -- whether or not you ever worked for HP: https://www.hpalumni.org/compaq
HP merger with Compaq. Before the deal was announced, Compaq stock was down to $12 -- from $33 in 1999. Compaq management and board negotiated a merger at 18% over market price. (90% of Compaq shares were voted in favor; 51% of HP shares were voted in favor.)
Deal closed on May 3, 2002. Compaq shareholders received 0.6325 share of HPQ in exchange for each CPQ share. CPQ stock was retired. HWP stock symbol was changed to HPQ.
HP Inc. is the overall legal successor to companies acquired by Hewlett-Packard before the company was split into HP Inc and Hewlett Packard Enterprise on Nov 1, 2015. In general, responsibility for commitments to former U.S. employees of Compaq, DEC, EDS, etc. remain with HP Inc. -- regardless of whether their last business unit ended up in HP or HPE. (HP Breakup)
Instructions that CPQ shareholders received at the
time of the acquisition of Compaq by HP -- including what to
do with physical Compaq stock certificates:
https://www.hpalumni.org/StockCompaq-Letter
"Will I be provided with any information relative to the
cost basis of my Compaq common stock that is being
exchanged? No. It is important that you retain any
information that you currently have relative to the cost
basis of your Compaq common stock."
To check for lost stock and uncashed checks: https://www.hpalumni.org/Unclaimed. Compaq was incorporated in Delaware
HPAA's Complete Stock Decoder Tables for: Compaq DEC Tandem
Compaq employee stock purchase plan:
Official HPInc public page on employee stock, including Compaq ESPP: Employee Stock and Options
Advice from HPAA members who were on the Compaq employee stock purchase plan:
- If you bought CPQ shares under the Compaq employee stock purchase plan, those shares were automatically converted to HPQ shares at the time of the merger. Unless you have sold or transferred them, the shares (and your corresponding new Hewlett Packard Enterprise shares) are being held by the last administrator of the plan, Morgan Stanley Smith Barney -- which is no longer being paid by the company for this work. Postal address: Morgan Stanley Wealth Management, 411 Borel Avenue Suite 220, San Mateo, CA 94089.
- To transfer your Compaq ESPP HPQ shares (and your corresponding new HPE shares) from Morgan Stanley to another financial institution at no charge, you can either: Go to https://www.stockplanconnect.com and download the stock transfer forms for faxing to Morgan Stanley -- or send an email to hpoptions@mssb.com -- you will immediately receive a "deleted without reading" autoreply and, later, a personal reply with instructions and forms.
- Morgan Stanley customers are getting different results from different divisions of the company -- depending on whether they were participants in the Compaq Employee Stock Purchase Plan or had transferred their HP stock to a personal account at Morgan Stanley's local-office-based retail brokerage division. Morgan Stanley issues reported by members
Selling HPQ shares online is still possible at https://www.stockplanconnect.com . However, selling HPE shares can only be done by calling 1-800-367-4777 or 1-801-617-7414.
Compaq Stock Splits
Record date and event:
December 31, 1997 2 for 1 split
July 14, 1997 5 for 2 split
May 31, 1994 3 for 1 split
December 1983 IPO
--from 2015 copy of HP website on
Internet Archive
Tax basis. Plan administrators, transfer agents, and brokerages vary significantly in how (or if) they track gain/loss and cost basis for the many complex HP-related stock events – and what (if anything) they report to the IRS. Issues with major brokers
Your broker may have used a different formula than the one suggested in the tax basis letter provided by the company -- resulting in a somewhat different value. Check your brokerage account online -- or by examining a recent account statement -- to view your holdings in each stock going forward. HP/HPE tax basis letter
Helping each other with life after HP and HPE: Website Index Forums
Independent, member-supported volunteer association. Not officially endorsed or supported. © 2024 Hewlett-Packard Alumni Association, Inc. By using this site you accept these terms.