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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!

Step 4. Other Stock Issues  

Part of our step-by-step Stock Recovery process to find it, protect it, and help you avoid double taxation. If you haven't gone through the previous steps, start here:   Employee Stock

(Updated Feb 14, 2020.)  Questions or comments to: info@hpalumni.org

This topic is discussed on the HPAA's Finance Forum. Ongoing discussions of US personal finance issues -- such as Social Security, pensions, and stock -- from an ex-HP/HPE perspective. Join the HPAA Finance Forum

4a. Potential Micro Focus / "Seattle SpinCo" US tax liability on 2017 return. If you owned HPQ stock on Oct 21, 2015, you automatically received stock in the new Hewlett Packard Enterprise company (HPE.)  If you owned HPE stock on Sept 1, 2017, you automatically received "Seattle SpinCo" stock -- which was immediately merged into Micro Focus. US shareholders received "American Depositary Shares" in Micro Focus traded as "MFGP." Due to unique circumstances, this transaction was potentially taxable for US shareholders -- even if no Micro Focus stock had been sold. Some brokers and administrators apparently interpreted the transaction differently -- or did not report, or reported incorrectly -- to the IRS.  Details: 4a. Potential Micro Focus "Seattle SpinCo" 2017 US tax liability

Issues with specific administrators and brokers:

If you have HP-related stock at any of these companies, check for HP-related issues reported by HPAA members: 

4b. Merrill Lynch. Merrill Lynch issues reported by members

4c. Morgan Stanley. Morgan Stanley issues reported by members  

4d. Fidelity. Fidelity issues reported by members  

Next: Step 5.  Stock Spreadsheets

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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 or HPE -- or are in the process of leaving -- join HPAlumni via email. Transition, Benefits, and Finance forums. No charge, thanks to HPAA members.

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