1a. Perspecta Spinoff. HP/HPE Alumni

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1a. Perspecta spinoff

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 Mar 21, 2019.) Questions or comments to: info@hpalumni.org

If you owned DXC shares on May 25, 2018, you have been issued shares in a new company called "Perspecta" -- with corresponding adjustment in value of your DXC shares. (This is not reflected in the HPAA's stock spreadsheets.) Stock details - 5/7/18 and SEC filing

Perspecta is a new company -- spinning off the 6,500-employee U.S. Public Sector Business of DXC and merging it with 3,800-employee intelligence community contractor Vencore and 3,700-employee background investigation firm KeyPoint.

As detailed in the table below, the sequence is: 1. HP bought EDS. 2. HP spun off HPE. 3. The HPE spin/merge with CSC created DXC. 4. The DXC spin/merge with Vencore and KeyPoint created Perspecta.

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. With each spinoff, the cost basis for your shares changed. Many find stray accounts -- or need to retrieve stock or dividends turned over to a state as "unclaimed." You could pay taxes twice on the same income. Your heirs may not find it all. An HP Alumni team developed a step-by-step process to find it, protect it, and help you avoid double taxation. Go to Employee Stock

Questions or comments to: info@hpalumni.org

What happened?


1.	2.	.	3.	4.			5.	6.	7 .	8.	9.	10.
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?


2018-05-25	DXC spin/merge, creating Perspecta		DXC		0.5	share of Perspecta. ("Ultra SpinCo")	PRSP	Chart	Details	Delaware	Equiniti	no

For full HP stock history, see HP Stock Decoder

Background: Announcement - 10/11/17 and Transcript Press release - 3/8/18 Press release - 6/1/18

Cost basis: DXC/Perspecta merger tax documentation

"...you will not recognize income, gain or loss as a result..." DXC/Perspecta tax basis letter

Your broker may have used a different formula than the one suggested in the Cost 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.

Stock information and contacts:

Perspecta transfer agent (and distribution agent for the spin/merge) is Equiniti. (Source)
EQ Shareowner Services
P.O. Box 64874
St. Paul, MN 55164-0874
Phone: 800-468-9716

DXC: Check both official DXC pages: Primary Employees and Alumni

Unexpired HPE options: If you had unexpired HPE stock options and were transitioned to DXC, the HPE options in your Merrill Lynch account may have vanished in April 2017 -- with no notification. The HPE options were converted to DXC options and placed in a new Fidelity account. Presumably, something similar will be done for people transferred to Perspecta.

Fidelity: :If you have an existing HP 401(k) or personal brokerage account at Fidelity, go to http://netbenefits.com and use your existing username and password. Otherwise, call Fidelity at 1-800-457-4015 -- select "ESPP" -- on any business day (except NYSE holidays) between 8:30 a.m. and midnight Eastern time. Outside the US, call 1-508-787-9902 collect.

Perspecta corporate address: (Source)
Perspecta Inc.
15052 Conference Center Drive
Chantilly, VA 20151

Phone: 571.313.6000

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