Exercising stock options and SARs

The following information applies to all outstanding grants, whether granted by HP/HPE or assumed by HPE.

Merrill Lynch is the exclusive global broker you’ll use when exercising your stock options or stock appreciation rights (SARs).

Your responsibilities

You are solely responsible for tracking the status of your outstanding grants and exercising them prior to their expiration date, in compliance with HPE insider trading restrictions (network login required). Also keep in mind that your grant information on the won't show adjustments to your grants as a result of your termination until after your termination date because the database can't be updated until after you've left HPE. The effect of your termination of employment is detailed in your grant agreements. If you didn't keep a copy of your grant agreements or you have questions regarding the last day to exercise your stock options or SARs, you should contact Merrill Lynch a few days before your last day of employment.

Terminated team members follow the same procedures as active team members for exercising stock options and SARs.


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Exercising stock options

You need to contact Merrill Lynch to exercise your stock options. There are four methods to exercise stock options:

  • Cashless sell
  • Cashless hold
  • Cash purchase
  • Stock swap

For more information, contact Merrill Lynch or see Managing Your Equity (Stock) Awards. Please refer to your grant agreement, the appropriate plan document, and the plan prospectus for complete information about your grant. Also see Exercising stock options outside the U.S. if applicable.


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Exercising SARs

You need to contact Merrill Lynch to exercise your SARs.

In all cases, you need to factor whether you are subject to insider trading window restrictions (network login required), which will limit the dates you can exercise stock options or SARs.


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