1. Stock issues for former and current employees.
(Updated Nov 22, 2021.) Website operated by former employees. Please send comments to email@example.com
Join the HPAA Finance Group.
"Potential Private Retirement Benefit" letter from Social Security. Reports the last transaction in a benefit plan that you were once enrolled in. If "Type of Benefit" is coded "A" -- in the previous year, you rolled the money into a different plan, bought an annuity, or took the cash. "M" if you left before vesting in that plan. How to investigate: https://www.hpalumni.org/PotentialBenefitLetter.
Background on the HP Breakup into Agilent, Keysight, Hewlett Packard Enterprise, HPInc, DXC Technology, Micro Focus, Perspecta...
Time to untangle your stock!No one but you really cares about your employment-related stock. You may now have 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 find stray accounts or retrieve lost stock, dividends, or cash payouts. The IRS does not have the ability to independently determine your cost basis; you may need to estimate it. An HP Alumni team has developed a step-by-step process. This page is the first step in our process.
Companies are required to turn over unclaimed property to the state after a specific time period, which varies from state to state. As little as two years in some states. The process is called "Escheatment."
If a dividend check is not cashed -- and there are no other transactions that were initiated by you on the stock account -- by law, the "unclaimed" timer generally starts.
How many shares of which HP-related companies should I have?
Example of how to use the table below:
If you owned 200 shares of HPQ on Oct 21, 2015 -- and never sold any of the stock that resulted from the HP Breakup -- today you should have:
- 200 HPQ shares (HP Inc.)
- 200 HPE shares (Hewlett Packard Enterprise)
- 17 DXC shares
- 22 MFGP (Micro Focus) "B" shares (and you were paid $118 in cash as of April 30, 2019 when your original MFGP shares were traded for MFGP "B" shares.)
- You have been paid $252 for your PRSP shares, which were sold on May 6, 2021. Either cash was added to your account or check mailed by approx. 6/2/21.
Steps 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 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
If you owned HP stock on May 2, 2000, you participated in the spinoff of Agilent from the Hewlett-Packard Company (stock symbol HWP at the time.) Go to Agilent and Keysight Stock to check your stock and dividends.
If an entry on your tax return about a stock sale doesn't match what a broker, administrator, or transfer agent reported to the IRS (shown in a 1099-B they sent you) enter the correct data and include an explanatory note in your return -- using your tax-preparation software or via your tax preparer. Eventually, the IRS will mail you a computer-generated notice about the discrepancy between your tax return and the 1099-B reports. You then follow the instructions in the notice to reply with a copy of your supporting data. The IRS does not have the ability to independently determine your cost basis.
If you do not have employee purchase records -- or did not input your lot-and-cost information into your broker's system -- for a particular time period before 3/1/2002, you can use the HPAA spreadsheet to help estimate the average cost basis for the various spinoff shares over that period.
Donating stock. "If you are planning donations to charity anyway, you may be able to avoid having to figure out the basis for stocks by just donating the stock. Check with an accountant or tax advisor for details or possible pitfalls. Saved me a lot of grief." --HPAA member
Next step: Step 2. Stock Decoder
If you have received value from this information, become a Supporting Member of the independent HP Alumni Association for $20.
If formerly a regular, direct U.S. 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's Supporting 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.
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