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HPAA's Complete Stock Decoder Table (Mar 1, 2024)
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Stock Menu. Keep up with HP/HPE-related stock issues: Join HPAA at no charge. Question? Email: info@hpalumni.org
This is the central source information page for our
Stock Recovery and Cost Basis Process.
If you don't have good records -- or didn't get
your lot-and-cost information into your broker's system --
you can use our spreadsheets to develop a reasonable estimate
of your cost basis for
most HP/HPE-related stocks for any span of HP employment
through the 11/1/2000 plan changeover.
hpalumni.org/StockSpread
Which companies might I have stock in? Compare the date
when you first acquired HP stock with the Record Dates in the left-hand
column. The table is sorted by
Record Date -- the date used to determine the number of shares or amount
of cash each shareholder received.
Examples of how to use the table:
- If you owned any HP stock on 2000-05-02 (May 2, 2000) -- and
have not sold all of it -- as of March 2023 you would
have stock
in six companies:
HPInc, Agilent, Keysight, Hewlett Packard Enterprise, DXC, and Micro Focus.
You received cash and replacement stock in April 2019 from the
Micro Focus "Return of Value."
You were paid cash in May 2021
for your former stock in Perspecta.
- If you owned any HP stock on 2015-10-21 (Oct 21, 2015) -- and
have not sold all of it -- as of March 2023 you would
have stock
in four companies:
HP Inc, Hewlett Packard Enterprise, DXC, and Micro Focus. You received cash and
replacement stock in April 2019 from the
Micro Focus "Return of Value."
You were paid cash in May 2021
for your former stock in Perspecta.
HPAA Stock Decoder Table
The information on this site was developed by a team of
former employees using archived SEC filings, contemporaneous press
releases, and investor information often no longer available on
the HP website.
Record Date
Event
Old
stock symbol
New stock
symbol More info Check for
Official Investor FAQ,
In HPAA
spread-
HP
incorporated in California
HP Initial
Public Offering (OTC) 1960-09-01
HP stock split
3 for
1 HWP 3
shares of HWP (the only 3:1 split) HWP yes
HP listed on
NYSE 1970-02-25
HP stock split 2 for
1 HWP
2
shares of HWP HWP yes 1979-06-27
HP stock split 2 for
1 HWP
2
shares of HWP HWP yes 1981-06-17
HP stock split 2 for
1 HWP
2
shares of HWP HWP yes 1983-08-01
HP stock split 2 for
1 HWP
2
shares of HWP HWP yes 1995-03-24
HP stock split 2 for
1 HWP
2
shares of HWP HWP yes 1996-06-21
HP stock split 2 for
1 HWP
2
shares of HWP HWP yes
HP
reincorporated in Delaware 2000-05-02
HP
spun off
Agilent HWP 0.381
share of
Agilent
A yes 2000-09-27
HP stock split 2 for
1 HWP
2
shares of HWP HWP
HP Inc
yes
2002-05-03
HP bought
Compaq with HWP shares. CPQ stock was retired. CPQ
0.6325
CPQ holders got fractional
share of HWP
in exchange (18% over market price)
(CPQ)
(n/a)
(n/a) 2002-05-06
HP changed stock symbol
from HWP to HPQ HWP
1 stock symbol
changed to HPQ ("Q" from the Compaq symbol) HPQ
HP Inc
yes 2006-10-16
Agilent
spun off
Verigy A
0.122
share of
Verigy VRGY
(n/a) yes
2008-08-26
HP
bought EDS with cash. EDS stock was retired. Checks for
$25/share sent. EDS $25
EDS holders got cash from HP in exchange
(32% over market price)
Note 5
Note 4
(n/a)
(n/a) 2011-07-04
VRGY
$15
cash from
Advantest in exchange
Note 5
(n/a)
(n/a)
2011-10-31
HP
bought Autonomy (UK) with cash. AUTNF stock was retired.
AUTNF
£25.50
Autonomy holders got cash from HP in exchange
(79% over market price)
Note 5
(n/a)
(n/a)
2014-10-22
Agilent
spun off
Keysight
A
0.5
share of
Keysight
KEYS
yes
2015-10-21
HP
spun off
HPE
HPQ
1
share of Hewlett
Packard Enterprise (HPE)
HPE
yes
2015-10-21
Continuing
PC and printer company renamed HP Inc.
HPQ
Was "Hewlett-Packard Company" (stock symbol not changed)
HPQ
HP Inc
yes
2017-03-20
HPE Enterprise Services
was spun off and merged with
CSC, creating DXC
HPE
0.086
share of DXC
(via temporary "Everett SpinCo")
DXC
yes
HPE Software
was spun off and merged with Micro Focus (UK)
HPE
0.137 share of a
Micro Focus American Depositary
Share (ADS) (via temporary "Seattle SpinCo")
Potential 2017
US tax liability
MFGP
(US)
US ADSs:
partly
2018-05-25
DXC US Public Sector
was spun off and merged with two other companies,
creating Perspecta
DXC
0.5
share of
Perspecta
(via temporary "Ultra SpinCo")
PRSP
(n/a)
no
2019-04-30
Micro Focus
"Return of Value"
MFGP
0.8296
"B" Share of MFGP
in exchange, plus $4.30 cash payment.
MFGP
(US)
US ADSs:
no
2021-05-06
Perspecta
bought for cash by Peraton.
PRSP stock was retired. Either $29.35 per PRSP share was paid into your brokerage cash account or a check was
mailed by approx. 6/2/21.
PRSP
$29.35
cash from
Peraton in exchange.
PRSP
(Note 5)
no
2023-01-31
Micro Focus was
bought for cash by OpenText at almost double the market price. MFGP stock was
retired. Either $6.43 per MFGP "B"
share was
paid into your brokerage cash account or a check was mailed by
Feb 14 2023.
MFGP
532 UK pence
cash from OpenText in exchange.
n/a
US ADSs:
no
2023-06-30
Settlement of
Micro Focus shareholder class action
lawsuit. If you received Micro Focus shares between Sep 1, 2017 and Aug
28, 2019 - as part of the Sep 1, 2017 HPE Software spinoff or
otherwise.
MFGP
$0.39
cash
n/a
no
Note 1.
Variations in tax accounting. Members have observed that
transfer agents, plan administrators, and brokerages vary in how
(or if) they track cost basis through the many HP/HPE-related
stock
events -- and how (or if) they report transactions to the IRS.
Issues with major brokers
Some members have been able to upload their lot-by-lot cost
basis data into their broker's system. The IRS says: "Use
Form 8949 to reconcile amounts that were reported to you and
the IRS... with the amounts you report on your return."
The cost basis calculations in the HPAA spreadsheets are based on the
recommendations provided by each company to their
shareholders.
Note 2. Market price charts.
Published charts, such as on Yahoo Finance, do not always accurately reflect stock splits and other events.
Note 3. HP state of incorporation.
The Hewlett-Packard Company was originally incorporated in
California in 1947. In 1998, it was reincorporated in
Delaware.
CA Secretary of State filing
Note 4. EDS state of incorporation. Electronic Data Systems was originally incorporated
in
Texas.
In 1984, it was reincorporated in
Delaware. (For unclaimed
property related to the 1984-1996 ownership of EDS by
General Motors, check
Michigan.)
Note 5. Stock of acquired company was "retired" -- i.e.
no longer traded. See
Where's my
stock?
Note 6. At the time of each spinoff or merger, the old
company's outside tax counsel provides an opinion on the tax
consequences of the transaction for shareholders, including a
suggested formula to allocate cost basis between the old stock
and the new stock -- with a boldface footnote "THIS INFORMATION
DOES NOT CONSTITUTE TAX ADVICE." Transfer agents, plan
administrators, and brokers may have interpreted the transaction
differently. For each transaction, we have a copy of that
document. See the menu of HPAA stock pages for each company:
Stock
Note 7. Whether this was one of HPE's original intentions
or not, HPE's outside tax counsel advised that the transfer of
HPE's software business to the UK-based Micro Focus would be
penalized by the US Government as a "corporate inversion" -- a
process by which companies move their legal home overseas to
reduce their US tax bill. Micro Focus (MFGP) stock
and tax issues:
Micro Focus Stock
Note 8. Compaq shareholders see
hpalumni.org/StockCompaq
Stock of acquired company was "retired" -- i.e.
no longer traded. See
Where's my
stock?
Dates:
There are four dates associated with any stock event. The Announcement
Date.
The Record Date, used in this table and specified in the announcement,
is the date used to determine the number of shares or
amount of cash each shareholder receives. The next stock
market business day is the Effective Date. The Distribution Date,
usually weeks later, is the actual distribution of
the additional shares or cash.
Institutions
-- mutual funds, asset managers, brokers, pension plans,
etc. -- own or administer some 80% of
HP and
HPE stock
What happened?
(Step 2)
Find your stock
(Steps 3 and 4)
Cost basis
(Step 6)
For each share of the old
stock owned on that date, you
ended up with...
unclaimed
stock or dividends
with current transfer agent
Basis allocated to old stock
Note 6
Basis allocated
to new
stock
Note 6
sheets?
1947-08-18
Splits
1957-11-06
HWP
(Traded on the Over The Counter market.)
HWP
33%
1961-03-17
HWP
(Traded on the New York Stock Exchange)
HWP
50%
50%
50%
50%
50%
50%
1998-02-11
HWP
(Note 3)
HWP
78%
22%
(scroll down)
50%
(scroll down)
94.22%
5.78%
Verigy bought by Advantest (Japan)
72.39%
27.61%
47.15%
52.85%
(scroll down)
75.10%
SpinCo allocation 24.90%
2017-09-01
New
York
77.92%
(22.08%)
Basis reset to $29.34 per share for US
shareholders Note 7
(see
Note 1)
87.06%
12.94%
New
York
(n/a)
(see Note 1)
Delaware
(n/a)
(n/a)
(n/a)
(see Note 1)
New
York
(n/a)
(n/a)
(see Note 1)
(est.)
(n/a)
(n/a)
(see Note 1)
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