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2a. Spinoff Shares and Cash

How many shares of which companies should I have? How much cash should I have received?

(Updated Mar 22 2023.)  Website operated by volunteers. Not officially endorsed or supported. Comments: info@hpalumni.org 

Perspecta. For stock cost basis information about the purchase of Perspecta by Peraton, go to hpalumni.org/StockPerspecta

This page is one step of our Stock Recovery Process. There is a link to the next step at the end of this page. If you haven't gone through the previous steps to determine which HP-related stocks you should have, start here: Employee Stock

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.


No one but you really cares about your employment-related stock.

Depending on when and how you acquired HP or HPE stock, you may now have stock in up to five (formerly seven) completely separate HP-related companies -- usually in multiple accounts -- and may have missed cash payouts.

How to use the table:

Step 1: In the table below, compare the date when you first acquired HP stock with the dates of these major HP-related stock events. This indicates the public companies you should have shares in based on your purchases of HP stock (if if happens that you never sold any of the HP spinoff shares.)

Step 2: Click on each "Dividends" link in the blue column to find the most recent dividend or other payout that you should have received if you still have the stock registered in your name -- with your correct postal address.

Step 3: If you had 100 HPQ shares on Oct 21, 2015 (date of the HPInc/HPE split) -- and have not initiated the sale of any HP or spinoff stock since -- you should currently have the number of shares (and have received cash) as shown in the green column. (Amounts approximate, since fractional shares are paid out in cash.)

Step 3: If you are not getting dividends or payouts for a stock you believe you own, go to  Check for lost stock

 

Date of stock event

Stock
(Stock
symbol)

Did you get the most recent dividend or other payout? Either a check sent directly to you or cash credited to your account at an administrator or broker. (This indicates that the stock is still registered in your name somewhere.)

Check each link!

If you had 100 shares of HPQ on Oct 21, 2015 (date of the HPInc/HPE split) -- and have not initiated the sale of any HP or spinoff stock since -- you should currently have the number of shares (and have received cash) as shown in the green column. (Amounts approximate, since fractional shares are paid out in cash.)


  1957-11-06 HP (HWP)     HP Initial Public Offering.
 

2000-05-02

Agilent (A)

Agilent Spinoff

 

HP spun off Agilent. HP shareholders received 0.381 share of Agilent (A) per HWP share owned.

 

2002-05-06

HP (HPQ)

HPQ Dividends

 

Compaq merger. Hewlett-Packard Company stock symbol was changed from HWP to HPQ.

 

2014-10-22

Keysight (KEYS)

Agilent Spinoff

 

Agilent spun off Keysight. Agilent shareholders received 0.5 share of Keysight (KEYS) per Agilent (A) share owned.

 

2015‑10‑21

HPE (HPE)

HPE Dividends

100 HPE per 100 HPQ.

HP spun off Hewlett Packard Enterprise (no hyphen; green-rectangle logo.) HPQ shareholders received 1 share of HPE per HPQ share owned. Hewlett-Packard Company renamed "HP Inc."

 

2017‑03‑20

DXC (DXC)

DXC Dividends

8.6 DXC per 100 HPQ. (Rounded down; cash paid for the fractional share.)

HPE Enterprise Services business was spun off and merged with Computer Sciences Corporation, creating DXC. HPE shareholders received 0.086 share of DXC per HPE share owned.

 

2017‑09‑01

Micro Focus (MFGP)

MFGP Dividends

13.7 MFGP per 100 HPQ. (Rounded down; cash paid for the fractional share.)

HPE Software business was spun off and merged with Micro Focus (a UK company.) HPE shareholders received 0.137 share of MFGP (U.S.) per HPE share owned. MFGP (U.S.) valued at $29.34/share.

 

2018‑05‑25

Perspecta (PRSP)

DXC Notice

4.3 PRSP per 100 HPQ. (Rounded down; cash paid for the fractional share.)

DXC U.S. Public Sector business was spun off and merged with two other companies, creating Perspecta. DXC shareholders received 0.5 share of Perspecta per DXC share owned.

 

2019‑04‑30

Micro Focus (MFGP)

ADR Information

11.3 MFGP "B" shares per 100 HPQ. (Rounded down; cash paid for the fractional share.)   
Plus $59 Cash
per 100 HPQ. (Rounded down.)

Micro Focus "Return of Value" due to sale of SUSE Linux business for $2.5 billion. Micro Focus shareholders received 0.8296 MFGP "B" shares plus $4.30 cash in exchange for each old share.

 

2021‑05‑06

Perspecta (PRSP)

SEC Filing
(See Item 2.01)

<$126 cash per 100 HPQ. (Rounded down.)

Perspecta bought by Peraton. Peraton paid $29.35 cash in exchange for each Perspecta share -- a 49.7% premium over last closing price before public reports. PRSP shares have vanished from your account. Either cash was added to your brokerage account or check mailed by approx. 6/2/21. See hpalumni.org/StockPerspecta

 

2023-01-31

Micro Focus (MFGP)

Details

532 UK pence (approx $6.30) per MFGP.

Micro Focus (a UK company) bought for cash by OpenText (a Canadian company.) MFGP shares have vanished from your account. Either cash was added to your brokerage account or check mailed by 2/14/23.

 

Claim deadline 2023-05-30

Micro Focus (MFGP)

If you received Micro Focus shares between Sep 1, 2017 and Aug 28, 2019 -- as part of the HPE Software spinoff, or otherwise -- you have a potential claim no matter when you disposed of the MFGP shares -- even if you held them until they were purchased by OpenText earlier this year. Very rough estimate of average payout: $0.39 per MFGP ADS -- i.e. $5.30 for every 100 HPE shares owned on Sep 1, 2017. Details, deadline, how to claim: https://www.hpalumni.org/StockMicroFocusSuit

 

Members report that brokerages, plan administrators, and transfer agents vary (sometimes dramatically) in how (or if) they make gain/loss and cost basis calculations and in what (if anything) they report to the IRS. As of Mar 2023, no member has reported -- privately or on the HPAA forums -- that their return has been questioned by the IRS due to how they reported the many extremely complex HP-related stock transactions.

If you have stock paperwork or certificates from other HP-related companies:  
Autonomy    Compaq    DEC    DXC    EDS    Micro Focus    Perspecta    Tandem    Other predecessor companies


If you don't have good records -- or did not input your lot-and-cost information into your broker's system -- you can use our spreadsheet to estimate your cost basis for each HP-related stock for any span of HP employment from 7/1/1959 through the 11/1/2000 plan changeover. hpalumni.org/StockSpread

Next step:  Step 2b. Stock Decoder Table


If formerly a regular, direct U.S. employee of HP or HPE -- or are in the process of leaving -- join the HP Alumni Association. No charge, thanks to HPAA's Supporting Members.


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