Stock-EDS Stock Issues. HP/HPE Alumni

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Step 1. Stock Overview 2. Stock Decoder 3. Where's my stock? 4. Check for lost stock 5. Other issues 6. Cost Basis 7. Taxes Map of Stock Pages

Stock issues for former EDS employees (Updated Sep 7, 2021.)

See all of HPAA's information for EDS alumni -- pension, career, benefits, networking, EDS history/culture -- whether or not you ever worked for HP: https://www.hpalumni.org/eds

"Potential Private Retirement Benefit" letter from Social Security. https://www.hpalumni.org/PotentialBenefitLetter.

Time to untangle your stock! No one but you really cares about your employment-related stock. You may have had stock in up to seven HP-related companies. Your stock may not all be in the same place or be registered to your current postal address. You may need to retrieve lost stock, dividends, or cash payouts, find stray accounts, or estimate your cost basis. An HP Alumni team has developed a step-by-step process to find and protect your stock. Employee Stock

EDS was sold to the Hewlett-Packard Company on Aug 26, 2008. EDS stock peaked at $50 to $72 in 2001 but was down to $19 before the announcement. HP paid $25 per share in cash, $13.9 billion -- a 32% premium.

HP Inc. is the legal successor to the companies acquired by the Hewlett-Packard Company before the company was split into HP Inc. and Hewlett Packard Enterprise (HPE.) Responsibility for any commitments to former employees of EDS remain with HP Inc. -- regardless of whether the employee's last business unit ended up in HP Inc. or HPE. This includes employment verification and any retiree health coverage, pension, 401(k), etc. plans. (About the HP Breakup)

To check for lost stock: 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.)

HP's instructions to regular EDS shareholders:
"If you are a registered holder, you should be receiving a package of materials from BNY Mellon Shareowner Services within a week or two with further instructions on exchanging your stock certificates. Payment for your certificated shares should be sent within a few business days after receipt of your documents by BNY Mellon... you will need to submit your stock certificates along with a Transmittal Letter to BNY Mellon Shareowner Services. ... Do not send your stock certificates to EDS or to HP."
"All other holders should contact your broker."
--from the HP Investor Relations site, as retrieved by the Internet Archive

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. Where's my stock?

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

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

EDS and General Motors. In 1984, EDS was sold to General Motors. In 1996, GM spun out EDS as a separate public company. Wikipedia has links to contemporaneous news stories.

"...on June 8, 2009... Common stock holders in the old General Motors were essentially wiped out... Shares of the old GM are canceled." --Matt Krantz, USA Today, Apr 30, 2013.

Website operated by former employees. Comments welcome. Do not send personal information to us. info-stock@hpalumni.org

If you were formerly a regular, direct employee of HP or HPE -- or are in the process of leaving -- join the HP Alumni Association. Membership is also open to heirs with HP-related stock and to those receiving company benefits -- spouses, partners, dependents, DEC and EDS retirees. No charge, thanks to HPAA members.

As financial, legal, and personal advice must be tailored to the specific circumstances of each case, and finances and laws are constantly changing, nothing provided here should be used as a substitute for the personalized advice of competent financial, legal, and personal advisors.