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Mutual help for those who acquired stock via employment at HP, HPE, or predecessor companies. Operated by former employees who volunteer their time. Not officially endorsed or supported. Join us!


Stock issues for former EDS employees  (Updated Dec 17, 2019.)


Time to untangle your stock! With any employer, no one but you really cares about your employment-related stock. Due to the HP Breakup, you may have stock in up to seven HP-related companies. It may not all be held in the same place. Many find stray accounts -- or need to retrieve stock or dividends turned over to a state as "unclaimed." With each spinoff, the cost basis for your shares changed. You could pay taxes twice on the same income. Your heirs won't need to know your cost basis, but will need to find all the shares. An HP Alumni team developed a step-by-step process to find and protect your stock. Go to Employee Stock


HPInc is the legal successor to EDS. Responsibility was not transferred to successor companies such as Hewlett Packard Enterprise, DXC, etc. This includes any retiree health coverage, pension, 401(k), etc. plans. (Does not depend on whether the employee's last business unit ended up in HPInc or Hewlett Packard Enterprise in the HP Breakup.)

See all of HPAA's information for EDS alumni -- whether or not you ever worked for HP: https://www.hpalumni.org/eds

What happened?


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Date    

Event

Old stock symbol 

For each share of the old stock owned on that date, you ended up with...

New stock symbol

Market price history chart

Details

 

Check for lost stock or dividends  

Current Transfer Agent

In HPAA cost spread- sheets?


2008-08-26

HP bought EDS

EDS

 

$25

 

cash from HP (32% over market price)

- -

- -

Details

 

Delaware

(n/a)

(n/a)


For full HP stock history, see HP Stock Decoder

HP FAQ on the acquisition

HP's instructions for regular EDS shareholders: HPInc site

Official HP public page on employee stock, including EDS ESPP: HPInc Global Total Rewards

Official HPE public page on employee stock, including EDS ESPP: HPE Global Total Rewards

HPAA member advice on EDS stock:  EDS stock is no longer traded. HP paid $25.00 per share to the owners of record as of Aug 26, 2008. ($13.9 billion -- a 32% premium over the market price of $18.86 before announcement. NYTimes ) A check was sent to the address in the ownership records for each shareholding -- Where's my stock? If the check was uncashed, the money would have eventually been turned over to a state unclaimed property department. See HPAA's page on How to check for lost stock, dividends, and other unclaimed property

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

Contact HPInc Investor Relations

EDS Stock splits     Last four EDS Annual Reports     For EDS SEC filings, go to the SEC's EDGAR site

EDS annual reports on HP website: HPInc site

EDS stock price history on third-party website: http://www.1stock1.com/1stock1_175.htm

Questions or comments to: info@hpalumni.org


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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 HP, HPInc, or HPE -- or are in the process of leaving -- join the HP Alumni Association. Helping each other with life after HP. No charge, thanks to HPAA members.


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