Stock Recovery and Cost Basis for HP/HPE-related stock.
(Apr
5, 2024) Question? Email:
info@hpalumni.org
From the independent association for former employees of HP
and HPE -- and those in the process of leaving.
You may now have
stock in HP, HPE, Agilent, Keysight, or DXC in various accounts
-- and may not have received cash payouts for Micro Focus or
Perspecta.
Your accounts may be at employee
stock purchase or option/incentive plan administrators, at
transfer agents for spun-off companies, or at your
brokerage. Perhaps old paper certificates. Perhaps turned
over to a state as unclaimed property.
Your current cost basis depends
on when you acquired stock as companies were merged or spun
out. Members have found that plan administrators, transfer agents, and brokerages vary significantly in how (or if) they track gain/loss and cost basis for the many complex HP-related stock events -- and what (if anything) they report to the IRS.
HPAA members have developed data and advice
on HP/HPE-related stock -- including spreadsheets to verify
your records or estimate cost basis for employee stock
purchases. Plus stock info for predecessor and successor
companies.
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 original company websites.
The questions:
No one really cares about your employment-related stock -- but you.
What happened? Its
complicated... HP spun off
Agilent. Agilent spun off Keysight. Compaq and EDS were sold to HP. HP
spun off HPE. HPE spun off DXC, which spun off Perspecta, which was
bought by Peraton. HPE Software was spun off to UK-based
Micro
Focus, which paid out cash, and was bought by Canada-based OpenText.
[There'll be a quiz on Friday.] Table with links to details of
each spinoff:
HP/HPE Spinoff Shares and Cash
Agilent Spinoffs
Where is all my stock? Your HP, HPE, and spinoff stock is often held in multiple accounts -- related to employee stock
purchase, option and incentive plans over the years, or at
transfer agents for spinoff companies; or in
personal brokerage accounts. Steps to find it all:
Where is my stock?
Acquisition dates and cost
basis accurate? Records at plan administrators
and stock brokerages often don't have the original
acquisition date or correctly-calculated current cost
basis for each lot of acquired shares -- a major impact on
what they report to the IRS when the stock is sold. An
"Unknown" basis defaults to $0. You can easily wind up
paying taxes twice on the same transaction.
Obtaining Stock Records
Employee purchase spreadsheets.
HPAA's Stock Spreadsheets
- Official quarterly cost basis
data for every HP stock purchase from 1959 through 2000 --
with resulting calculated lot-by-lot cost basis for HPQ,
Agilent, Keysight, HPE, DXC, and Micro Focus "A" shares.
- Estimate your average cost basis
over any span of HP employment from 1959 through 2000 for
HPQ, Agilent, Keysight, HPE, DXC, and Micro Focus "A"
shares.
- Calculate ordinary
income/capital gain lot-by-lot from 11/2000 to 10/2017 for
HPQ, Agilent, Keysight, HPE, DXC, and Micro Focus "A"
shares.
What will be reported?
Members have found that plan administrators, transfer agents, and brokerages vary significantly in how (or if) they track gain/loss and cost basis for the many complex HP-related stock events -- and what (if anything) they report to the IRS.
Admin and Broker Issues
Taxes.
Member Advice on Tax Return FWIW, to date no member has indicated --
privately or on the HPAA forums -- that their returns have
been questioned by the IRS due to how they reported the many
extremely complex HP/HPE-related stock transactions. Save
the documents and spreadsheets you used.
Details for specific HP/HPE-related companies:
Agilent (A)
Autonomy (AUTNF)
Compaq (CPQ)
Digital Equipment (DEC)
DXC (DXC)
EDS (EDS)
HP (HWP, HPQ)
Hewlett Packard Enterprise (HPE)
Keysight (KEYS)
Micro Focus (MFGP)
Perspecta (PRSP)
Poly/Plantronics (POLY)
Tandem (TDM) and
Other Predecessor Companies
Any strays?
Uncashed stock-buyout or dividend checks
Paper Certificates
Stock Options
Potential Benefit letter from Social Security.
Reference info:
Map of stock pages on this site
HPAA's Complete Stock Decoder Table
Public Price History Charts
Official Investor FAQs with current Transfer Agents
Suggested next step: Basic Stock Issues
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