ESPP Conversion

Dave Davis

The company I have ESPP shares was sold. The company shares were converted to the new company (i.e. for each share of the original company I get .45 shares in the new one). I also have some non ESPP shares. During an One Step Update the transfer came in as selling all of the old shares (ALL are identified as ESPP shares, even the ones entered as a regular purchase) for $0 and buying the new ones at $0.

Is there a way to automate the conversion? I know I can manually change all the ESPP purchases, but I would like to track the history.

Sherlock

I suggest deleting the downloaded transactions, creating a ESPP security for the new company, and using a Corporate Acquisition.  Before making any significant changes to your data file, always save a backup (press Ctrl + B).

mshiggins

I would want to know the tax treatment specified in the terms of the merger agreement before deciding whether to use Sell ESPP followed by Buy ESPP or the corporate acquisition approach Sherlock recommended.


Edit: also how many open lots of your ESPP do you currently have? And if you mention the specific companies involved, more detailed instructions with the exact figures to enter in Quicken.

Dave Davis

Sherlock

Dave Davis

Sherlock

Dave Davis

Sherlock

Dave Davis