Stock Power Form For transferring shares, changing names, or adding a beneficiary
Please print clearly. Alterations, corrections, or white-out will render the Stock Power Form invalid.
A. Tell Us About: The account you are transferring from Use a new form for each account and company of stock you are transferring.
1. Account Number: 2. Company of stock
to be transferred:
3. Current Registration:
Please print the full registration/names/ownership title as it reads on statements, certificates and tax forms.
B. Tell Us About: The shares you would like to transfer
4. Transfer ALL shares (If checked, leave boxes 5, 6, and 7 blank.)*
If you are not transferring all shares, enter the specific number of shares to transfer from each share type:
5. Direct Registration: 6. Plan: 7.
Certificates:*
*The original certificates must be included with your request. If they are lost, please write the number of lost shares or write ALL in box 8.
8. I lost the certificate(s) for shares and require assistance replacing them.
There is a $75 processing fee to replace lost certificates. There may be additional fees and documents required, see FAQs.
C. Tell Us About: Cost Basis
Private Sale Date of Sale: Cost Per Share in US Dollars:
Gift
Inherita
nce Date of Death:
Fair Market Value Per Share in US Dollars:
For sha
res jointly held: Enter the number of shares in which the decedent had an interest:
D. Please Let Us Know: If you would like uncashed checks to be reissued (if applicable)
9. Reissue checks into (choose one): New Owner’s Name OR Current Name on Account
When transferring to multiple accounts, the new replacement checks will be issued to the current name on the account. A stop
payment will be placed on all uncashed checks prior to their replacement. Checks issued within the last 10 days will not be replaced.
E. Medallion Signature Guarantee
All current owners or authorized individual(s) must sign their name and have the signature guaranteed by a member of a Medallion Stamp Program. An
authorized individual must write their capacity (title) in the space below. The Medallion Guarantor may require additional documentation. The
undersigned does (do) irrevocably constitute and appoint Equiniti Trust Company attorney to transfer the said stock on the books of said Company with
full power of substitution in the premises. Medallion Signature Guarantees can be obtained from financial institutions, including commercial banks,
brokers, and credit unions. (See the FAQ Medallion Signature Guarantee for more information)
Note to Guarantor: Medallion Stamp must be fully legible and
must NOT be dated or annotated.
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Alterations, corrections, or white-out will render the Stock Power Form invalid.
F. Tell Us About: The account you want the shares transferred to A separate page is needed for each new account
Enter the number of shares to transfer into the account indicated on this page. When transferring to multiple accounts,
you must submit a separate copy of this page and indicate the number of shares to transfer into each new account.
If you are transferring to an existing Shareowner Services account, enter the 10-digit account number,
and complete Line 1 with the full account registration. Then, skip to Section H.
Registration for the New Account check only one box below, complete the indicated lines, new address, and Tax ID
Individual Line 1 Joint Tenancy Lines 1 and 2a Tenan
ts in Common Lines 1 and 2a
Estate Line
s 1 and 4a Trust Lines 1, 4a, and 4b Tenant
s by Entirety Lines 1 and 2a
Custodian for Minor Lin
es 1, 2a, and 2b TOD Beneficiary Lines 1 and 4a Corporat
ion Line 1
LLC C Corporation Line 1 LLC S Corporation Line 1 LLC Partnership Line 1
Other Line 1 and enter type of registration:
Lin
e 1
. New Owner/Custodian/Trustee/Executor/Other (First Name, Middle Initial, Last Name)
Line 2a. Joint Owner/Minor/Second Trustee/Other (First Name, Middle Initial, Last Name) 2b. Minor’s State of Residence
Line 3. Any additional Joint Owners/Trustees/Other (First Name, Middle Initial, Last Name)
Line 4a. Name of Trust/Estate/TOD Beneficiary 4b. Date of Trust (MM/DD/YY)
Address for the New Account Including City, State, and Zip Code
Tax ID for the New Account
Enter the Social Security Number OR Employer Identification Number (then check one box to identify type)
SSN OR EIN
G. Substitute Form W-9 The New Owner signature below MUST correspond to the Tax ID for the New Account above
Certification: Under penalties of perjury, I certify that:
1.
The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be
issued to me), and
2.
I am not subject to backup withholding because: (a) I am exempt from backup withholding, (b) I have not been notified by the Internal Revenue Service
(IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c) the IRS has notified me that I am no longer subject to backup
withholding, and
3.
I am a U.S. citizen or other U.S. person (defined in the instructions).
4.
The FATCA code entered on this form (if any) indicating that the payee is exempt
from FATCA reporting is correct. (This does not apply to accounts located in the U.S.)
Exempt Payee Code (if any): (Codes are available with the official IRS Form W-9 available at www.irs.gov)
Exemption from FATCA Reporting Code (if any): NOT APPLICABLE (codes are available with the official IRS Form W-9 available at www.irs.gov)
Certification instructions: You must cross out item
2
above if you have been notified by the IRS that you are currently subject to backup withholding because you failed to
report all interest and dividends on your tax return.
The Internal Revenue Service does not require your consent to any provision of this document other than the certifications required to avoid backup
withholding.
(Rev. 10/18)
NOTICE TO NON-U.S. PERSONS
(e.g. nonresident aliens individuals, foreign corporations, foreign partnerships or foreign trusts): DO NOT COMPLETE THE ABOVE SUBSTITUTE
FORM W-9. NON-U.S. PERSONS MUST PROPERLY AND TIMELY COMPLETE AND RETURN THE APPLICABLE FORM W-8, (AVAILABLE AT www.irs.gov) AND RETURN THAT
CERTIFICATION OF FOREIGN TAX STATUS. FAILURE TO DO SO COULD SUBJECT YOU TO EITHER U.S. FEDERAL BACKUP WITHHOLDING TAX AT THE APPLICABLE RATE OR
FATCA/NRA WITHHOLDING OF 30%, AS APPLICABLE, OF THE REPORTABLE/WITHHOLDABLE AMOUNT.
H. Sign up for Online Access:
If the new owner would like to receive instructions for online access
Check the box to the left to send instructions for online access. An Authentication ID and sign up instructions will be mailed to the address in
Section F. Some restrictions may apply. Online account access is not available for accounts registered in the name of a Corporation,
Partnership, Investment Club, Bank, or Brokerage firm where multiple individuals are authorized to perform transactions.
Page 2 of 2
How to complete a Stock Power Form
A. Tell Us About: The account you are
transferring from
1. Enter the 10 digit account number for the current account.
2. Enter the name of the company of stock to be transferred. A
separate Stock Power Form is needed for each account and
company of stock you are transferring.
3. List the current registration names/ownership title as it
reads on statements, certificates and tax forms.
B. Tell Us About: The shares you would like to
transfer
4. Check the first box only if you are transferring all shares. If
checked, leave boxes 5, 6, and 7 blank.
If you are not transferring all shares, enter the specific number
of shares to transfer from each share type into boxes 5, 6, or 7
as needed:
5. Enter the number of Direct Registration shares being
transferred or leave blank. These shares are held
electronically.
6. Enter the number of Plan shares being transferred or leave
blank. These shares are held electronically.
7. Enter the number of certificate shares being transferred or
leave blank. These shares have been issued as paper stock
certificates. Original stock certificate(s) must be mailed
with your Stock Power Form.
8. Enter the number of lost certificate shares or write ALL in
box 8. If this does not apply, leave blank. There is a $75
processing fee to replace lost certificates. There may be
additional fees and documents required.
C. Tell Us About: Cost Basis
See the enclosed “Frequently Asked Questions about Cost
Basis” for further information.
Please check the box next to the purpose of the transfer. We
recommend that you consult with your tax advisor regarding
the tax implications for each type of transfer.
Private Sale: Include the Date of Sale and the Cost Per
Share.
Gift: Select this box if gifting shares, the gift date will
default to the date that the transfer is processed.
Inheritance: Include the Date of Death and Fair
Market Value Cost per Share. For shares jointly held:
Enter the number of shares or percentage of shares in
which the decedent had an interest.
D. Please Let Us Know: If you would like
uncashed checks to be reissued
9. Check only one box. If the shares are going to multiple new
owners, the checks must be reissued into the current name
on the account.
E. Medallion Signature Guarantee
All owners must sign their name and have their signature
guaranteed in the medallion format.
If an owner is unable to sign, a legal representative such as a
Power of Attorney, Custodian, or Successor Trustee may sign
on behalf of the shareowner. List the title of the legal
representative below their signature. Medallion Signature
Guarantees can be obtained from financial institutions,
including commercial banks, brokers, and credit unions.
F. Tell Us About: The account you want the
shares transferred to
If you are transferring to multiple accounts, enter the number
of shares to transfer into the account indicated on this page.
If you are transferring to an existing account, enter the 10 digit
account number and complete Line 1. with the full account
registration. Then, skip to Section H.
Registration for the New Account:
Check only one box to indicate the type of registration and
complete the indicated lines, new address, and Tax ID.
We recommend using capital letters when completing section F
to avoid registration and spelling errors, (e.g., JOHN A DOE).
Line 1. Enter the name of the New Owner, Custodian, Trustee,
Executor, or Other name (First Name, Middle Initial, Last
Name). This should match the name shown on the income tax
return filed with the IRS.
Line 2a. If applicable, enter the Joint Owner, Minor, Second
Trustee, or Other name (First Name, Middle Initial, Last
Name). This should match the name shown on the income tax
return filed with the IRS.
Line 2b. If applicable, enter Minor’s state of residence.
Line 3. If applicable, enter any additional Joint Owner,
Trustee, or Other name (First Name, Middle Initial, Last
Name). This should match the name shown on the income tax
return filed with the IRS.
Line 4a. If applicable, enter Name of Trust, Estate name, or the
TOD Beneficiary’s name. Only one TOD Beneficiary is allowed
per account. This should match the name shown on the income
tax return filed with the IRS.
Line 4b. If applicable, enter the date of the Trust.
Address for the New Account:
Enter full mailing address including City, State, and Zip Code.
Tax ID for the New Account:
Enter the 9 digit Social Security Number (SSN) or Employer
Identification Number (EIN) for the new account and then
check the applicable box. If there are multiple owners, enter
the number you would like the income reported under. Only
one number is allowed per account. If Custodian for Minor is
selected, enter the Minor’s Social Security Number (SSN).
G. Substitute Form W-9
The new owner, whose SSN or EIN is listed in the Tax ID for
the New Account box, must sign and date this section.
H. Please Let Us Know: if the new owner would
like to receive instructions for online access
Check the box to request instructions sent to the new owner.
The necessary information will be mailed to the address
provided in Section F.
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Frequently asked questions (FAQs) about transferring
stock
__________________________________________________________________________________________________________
Where can I find the account number?
Account numbers are printed on statements, tax documents
and dividend stubs. Shareowners with an online account can
locate account numbers when signed on to
shareowneronline.com. You may also obtain a Share
Balance Summary statement, which contains your account
number, through our automated phone system. Select
Account Information from the main menu and then
Request Share Balance Summary.
How do I find the current balance?
If you own certificates, the number of shares owned is printed
on the front of the certificate. If the shares are held
electronically in the Plan or Direct Registration, please refer to
the most recent statement for the current balance.
Shareholders with an online account can locate balance
information on shareowneronline.com.
What if I can’t find the certificates?
The stock certificates will need to be replaced before a transfer
can be completed. There is always a $75 processing fee to
replace lost certificates. Please enclose a check made payable to
Shareowner Services. Depending upon the value of the lost
shares, there may be additional fees and documents required.
The necessary paperwork will then be mailed to you.
Should I sign the back of the certificates?
For security purposes, we recommend you do not sign the back
of the stock certificates.
Will I get a new stock certificate?
After the transfer is completed all shares will be held
electronically in the new account. You may request to have a
certificate issued by including a written request with your
transfer paperwork.
What is a Medallion Signature Guarantee?
A Medallion Signature Guarantee is a stamp from an eligible
Guarantor institution, such as a bank, broker, or credit union
that indicates the individual signing a form is legally
authorized to conduct the requested transaction.
We suggest contacting your Guarantor institution for their
document requirements to obtain the stamp. You will complete
Section E and sign the Stock Power in their presence. The
Guarantor may also require the physical certificates or a
statement evidencing the account number for uncertificated
shares prior to affixing the Medallion Signature Guarantee.
Please note the stamp must be legible and may not be dated or
annotated. A Notary Seal is not a substitute for a Medallion
Signature Guarantee.
For help with locating a Guarantor in your area who provides
medallion signature guarantee stamps, please visit:
www.msglookup.com.
Can I fax or email the Stock Power Form?
The original documents must be mailed into our office. We are
unable to accept faxed copies or emails of the completed Stock
Power Form. The signatures and the Medallion Signature
Guarantee stamp must be original.
How do I transfer stock to multiple new owners?
Complete page one of the Stock Power Form, and then
complete a separate page two for each new account. Each
completed form will need to have the exact number of shares
(not a percentage), the full registration, address, and Social
Security Number (SSN) or Employer Identification Number
(EIN) for each new account.
Please note a separate Stock Power Form must be completed
when transferring from multiple accounts, companies of stock,
or both.
How do I change the address on the account I am
transferring from?
Please include a letter with instructions for the address change
on the existing account. If you are signing on behalf of the
registered shareholder or a business entity, documentation
supporting your capacity is required.
How can I get the outstanding checks reissued?
Complete number 9 on the Stock Power Form. When checks
are reissued, outstanding checks in the account are cancelled.
How do I transfer shares if I live outside the United
States?
If you are able to obtain a Medallion Guarantee, it must be
provided by an eligible guarantor institution participating in a
Medallion program approved by the Securities Transfer
Association Inc. and must cover the value of the transaction.
If you are unable to obtain a Medallion Guarantee, a Signature
Guarantee must be provided by a bank or financial institution
having a New York bank correspondent relationship. When
signing on behalf of the registered owner, additional
documentation may be required. Please contact us with
questions.
Is there a limit to the amount of shares I can transfer?
If the value of the shares exceeds $14 million, please contact us
for further assistance.
Why do I have to complete a Substitute Form W-9?
A Form W-9 is required for each change of registration.
Accounts without a current Form W-9 on file will be subject to
federal tax withholdings which will be deducted from sale
proceeds and dividends.
If a Substitute Form W-9 is not submitted at the time of the
transfer, a new form will be mailed to the new address on
record.
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What are the different ways I can register my
stock?
Shareowners have a number of ways to register their stock; in
most cases a new account will be created. Some of the more
common types of ownership are listed below.
Individual: Only one individual name is listed on the
account. Upon the death of the individual the shares are
subject to probate proceedings.
Joint Tenant: Two or more individuals are listed on the
account. Upon the death of one joint owner, the survivors are
entitled to the shares.
Tenants by the Entirety: A form of ownership recognized
by certain states as an appropriate form of registration for a
married couple. Upon the death of one spouse, the survivor is
entitled to the shares.
Tenants in Common: A form of ownership where two or
more individuals are listed on the account. Each tenant owns
an undivided interest. Upon the death of one tenant, the
decedent’s ownership passes to the heirs of the decedent’s
estate and not the surviving owners on the account.
TOD Beneficiary (Transfer on Death): A form of
individual or joint tenant ownership where a beneficiary has
been designated. Only one beneficiary can be designated per
account registration. Upon the death of the security owners,
the ownership passes to the TOD beneficiary. TOD is not
offered outside of the United States.
Custodial: A form of ownership that can be established for a
minor who has not reached the age of majority as defined by
the laws of their state of residence. We do not recommend
registrations in a minor’s name alone. A custodial registration
may be created under the Uniform Transfer to Minors Act
(UTMA) for their state. UTMA has replaced the Uniform Gift
to Minors Act (UGMA) in most states for new accounts.
Custodial accounts for minors must be reported under the
Minor’s Social Security Number (SSN).
Trust: A form of ownership governed by a trust agreement
created during the lifetime of a grantor or created under a
decedent’s will. The account registration must include the
names of the Trustees, the name of the Trust, and the date of
the Trust. The date must be the original Trust date and not an
amendment date. A date will not be applicable for a Trust
which falls under a will.
Estate: A registration used by the court-appointed executor
or personal representative for the decedent’s estate. The
registration must include the name of the executor or
personal representative and the name of the estate. The
representative listed on an estate registration has the
authority to make changes and perform transactions on the
account. Example: John Smith Executor for the estate of Jane
Smith.
If I have changed my name, how do I change my
registration?
To change the name on the account, complete all sections of
the Stock Power Form. A new account will be created and a
new Form W-9 will be required. While getting a Medallion
Signature Guarantee in Section E, please sign your name as
listed on the current account, and sign again using your new
name, adding “now known as” (e.g., Jane Doe, now known as
Jane Smith).
How do I name a beneficiary?
To register an account with a beneficiary, you can choose a
TOD Beneficiary (Transfer on Death) registration in section F
and complete all sections of the Stock Power Form. A new
account will be created and a new Form W-9 will be required.
How do I remove the Custodian if I am now
over the age of majority?
If you have reached the age of majority, complete a Stock
Power Form to create a new account. While getting a
Medallion Signature Guarantee in Section E, please sign the
Stock Power Form as your name is listed on the current
account. The registered custodian does not need to sign the
form.
How do I correct an error in my registration?
You can correct the name on the account by completing all
sections of the Stock Power Form. While getting a Medallion
Signature Guarantee in Section E, please sign your correct
name and again as listed on the current account, adding
“incorrectly registered as” (e.g., Jane Doe incorrectly
registered as Janey Doe).
How do I transfer shares when one or more of
the shareowners are deceased?
To transfer the shares, the surviving tenant, beneficiary, or
legal representative will complete all sections of the Stock
Power Form.
When required by the state where the decedent lived, we will
also need an Inheritance Tax Waiver.
What is an Inheritance Tax Waiver, and where
do I get one?
An Inheritance Tax Waiver is a document issued by the state
certifying the estate tax or inheritance tax has been paid or
waived by the state. If the decedent was a legal resident of
Puerto Rico or one of the states listed below, a Tax Waiver
form may be required. To confirm if you will need a Tax
Waiver or to get the form, please contact the tax agency of the
decedent’s state of residence. Please refer to
www.stai.org/pdfs/sta-guidelines-appendix-vi.pdf for any
additional information.
Indiana
New Jersey
Ohio
Pennsylvania
Rhode Island
Tennessee
How do I transfer shares due to a divorce?
A separate Stock Power Form is required for each new account.
Each completed form will need to have the exact number of
shares (not a percentage), the full registration, address, and
Social Security Number (SSN) for the new account.
How can I sell the shares after the transfer is
completed?
You can sell shares by completing the enclosed Sale Request
After Transfer Form. This is an optional form for participating
companies only. Other sales options may be available after the
transfer is completed.
Will account features, like direct deposit of
dividends, automatically carry over from the old
account to the new account?
When a new account is created, the features on the previous
account will not be transferred. If you have dividends paid to a
bank account, this will need to be added to your new account.
Please include a written request with your transfer paperwork.
Direct deposit requests must include a corresponding pre-
printed voided check or pre-printed savings deposit slip.
Is there a fee to transfer stock?
EQ Shareowner Services does not charge a fee to transfer
shares.
Where can I get additional forms?
You may make photo copies of the blank forms prior to filling
them out or you may download additional forms online at
shareowneronline.com.
Please note: If you make an error, you will need to fill out a
new form. Alterations, corrections, or white-out will render the
Stock Power Form invalid.
Will you return the paperwork?
The paperwork submitted for a transfer is not returned.
How can I contact you for other questions?
You can reach us by phone or send us an email.
Phone: Please call our office toll free at 1-800-468-9716 or
directly at 651-450-4064.
Email: Select Contact Us at any time while online at
shareowneronline.com.
How will I know when the transfer is completed?
When the transfer has been completed, a statement will be sent
to the original owner showing the shares have transferred out
of the account. A separate statement will be sent to the new
owner showing the shares have been transferred into the new
account.
________________________________________________________________________________
Where do I send my request?
You can mail your completed Stock Power Forms and any applicable stock certificates by:
Regular mail:
EQ Shareowner Services
PO Box 64874
Saint Paul MN 55164-0874
Overnight or courier mail:
EQ Shareowner Services
Attn: Imaging Services
1110 Centre Pointe Curve Suite 101
Mendota Heights MN 55120
Frequently asked questions (FAQs) about cost basis
____________________________________________________________________________________________
What is cost basis?
Cost basis is the original value of a stock acquisition for tax
purposes adjusted for stock splits, dividends, and return of
capital distributions. This value is used to determine the capital
gain or loss.
Internal Revenue Code Section 6045(g) became effective on
January 1, 2011, and requires financial institutions to include
each customer’s adjusted cost basis and to classify any gain or
loss as short term or long term when reporting a sale of
covered shares to the Internal Revenue Service (IRS). To
comply with this law, we will maintain cost basis information
for covered shares purchased on or after January 1, 2011.
Visit the IRS website (www.irs.gov) for further details.
What are covered securities?
Shares that are defined by the IRS Regulation 1.6045-1(a) (15)
are known as covered securities. This regulation applies to
most stocks purchased or acquired on or after January 1, 2011.
What are non-covered securities?
Non-covered securities are shares acquired prior to January 1,
2011, or shares transferred with unknown cost basis. Please see
a tax advisor for assistance in determining your cost basis on
non-covered securities.
What is FMV?
FMV stands for Fair Market Value. The fair market value is the
price at which the shares would change hands between a
willing buyer and a willing seller. If the shares are traded on
the market, the FMV is typically the average between the high
and low price on the specific date.
Can I transfer or sell specific shares?
Yes. We will need the acquisition date and the number of
shares from the specific tax lot you would like to transfer or
sell. This information may be written on the Stock Power Form
or you may send a letter along with your transfer paperwork.
We will transfer shares using First In, First Out (FIFO) order
unless we receive written instructions asking us to transfer
specific shares.
For example: Transfer 41 shares of XYZ Corporation stock
from the tax lot purchased on January 2, 2009.
A tax lot is a single acquisition of a given security that has a
unique acquisition price and acquisition date. A tax lot may
contain one or more shares. Tax lots are further defined as
either covered or non-covered.
When is a transfer considered a gift?
Typically a transfer of shares is considered a gift as long as
there is not a common owner between the old and new account
and the shares are not being transferred due to an inheritance
or a private sale.
How does receiving shares as a gift affect the
cost basis?
The cost basis for shares you receive as a gift is typically equal
to the donor’s cost basis prior to the transfer. If the shares you
receive as a gift were covered securities under the IRS cost
basis reporting regulations, the cost basis information will be
carried from the donor’s account into your new account.
In some instances, the cost basis for the gifted shares is
determined to be the FMV as of the date of the gift. Please refer
to IRS Publication 551 for additional information regarding
cost basis of gifted shares.
What is considered the date of the gift?
The date of the gift is generally the date when the donor no
longer has dominion or control of the shares.
For shares held electronically: The date of the gift is
when Shareowner Services has completed the transfer of
ownership in the stock issuer’s records.
For shares held as a stock certificate: The date of the
gift is typically the date when the certificate was delivered
to the recipient. The recipient may send a letter of
instruction providing us the date of the gift. If the
instructions are not received, we will use the date of the
transfer of ownership in the stock issuer’s records.
How is cost basis affected when a shareholder is
deceased?
When shares are transferred because the shareholder is
deceased, the authorized estate representative determines
whether to use the FMV as of the date of death or an alternate
valuation date. The same valuation date would then be applied
consistently to all assets in the estate. IRS regulations require
the authorized estate representative to provide all estate heirs
and beneficiaries with IRS Form 8971; “Information Regarding
Beneficiaries Acquiring Property From a Decedent” which
specifies the FMV of the property.
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What is the Alternate Valuation Date?
The alternate valuation date is typically six months from the
date of death. If the shares are sold or otherwise disposed of
within six months from the date of death, the date of the sale
may be used as the alternate valuation date. Please see Internal
Revenue Code 2032 and a tax advisor for more information on
the alternate valuation date.
What if we don’t have the inheritance
information right now?
The shares will be considered non-covered (per the IRS cost-
basis reporting regulations) if the FMV is not provided when
the shares are transferred.
The authorized estate representative may send the missing
information to us by mail at a later time and we will adjust the
cost basis in the account records.
Do the inheritance rules still apply to me if the
shares were registered as a Transfer on Death
(TOD)?
Yes. Accounts registered as TOD are not handled by the
probate process, but are considered part of the deceased
shareowner’s estate. For that reason, the cost basis of the
shares is the FMV on the date of death or the FMV on the
alternate valuation date, as determined by the authorized
estate representative.
How is cost basis on a jointly held account
determined for inheritance?
When shares are held jointly and we are unable to determine
that the joint owners were married, it cannot be assumed that
all tenants owned an equal amount of the shares. The
authorized estate representative will need to provide the
number of shares in which the decedent had an interest and
the FMV per share. This information will be used to adjust the
basis of the inherited shares upward. The cost basis for the
shares owned by the surviving owner(s) will not be adjusted.
When a married couple owns shares registered as joint tenants
(JT TEN) or as tenants by entirety (TEN ENT), the surviving
spouse will be treated as though he or she inherited half of each
share of stock. The cost basis will remain unchanged on one
half of each share of stock and will be adjusted upward for the
inheritance on the other half of each share of stock. We will
determine the cost basis for the inherited shares by using the
FMV on the date of death or by using the FMV on the alternate
valuation date, if provided.
If the joint owners reside in a community property state,
additional requirements may apply. For this reason, the
authorized estate representative will need to provide the
number of shares in which the decedent had an interest and
the FMV per share. Consult a tax attorney or advisor to
determine the appropriate information to provide on the Stock
Power Form. Please refer to IRS Publication 551 for specific
information about community property rules and calculations.
Where can I find additional information about
cost basis?
Additional information is available on our website at
shareowneronline.com. We suggest consulting a tax
advisor or the IRS directly. Additional information and forms
are available on the IRS website at irs.gov.
Sale Request After Transfer Form (optional)
Complete this form and return it with your transfer paperwork if you would like to sell shares after the transfer is
completed. Please note this is an optional request for companies that allow sales. Additional sales options may be
available after the transfer is completed. This form does not need to be returned if you do not want to sell shares.
This following section should be completed with new owner’s information.
1. Social Security or Tax ID number
on the new account:
2.Company name or issue
of stock you are selling:
3.Names on the new
Account to be sold:
To make sure backup withholdings are not deducted from the sale proceeds, refer to Section G on the Stock Power form.
4. Selling Shares:
Sell ALL shares in my account. The Plan will terminate. No additional boxes should be checked.
OR sell a portion of shares:
Se
ll Direct Registration shares.
Number of Direct Regi
stration shares to sell:
Sell Plan shares and terminate the Plan; move
remaining
full shares to Direct Registration.
Number of Plan shares to sell:
Sell Plan shares and do not terminate the Plan.
Number of Plan shares to sell:
When shares are transferring to an existing Shareowner Services account:
Sell ALL transferred and existing shares in my account. The Plan will terminate.
No additional boxes should be checked above.
5. Direct Deposit of Sale Proceeds to a United States Bank Account (optional). Select one:
NOTE: If sale proceeds exceed $10,000 a check will be issued. Review the next page for more information.
Checking account
Include pre-print
ed voided check
Savings account
Include pre-printed savings deposit slip
ABA/routing number (begins with 0, 1, 2, or 3) Bank account number
6. Signatures of the registered owners: All owners must sign as they are registered on the account.
If you are signing on behalf of a registered owner or business entity, review the next page for instructions.
SP SAT 12/18
DOM V5.3
7. Signatures on Behalf of the Registered Owners or Business Entity: You must obtain a Medallion Signature
Guarantee stamp. After your signature, enter your title (e.g., John Smith, President, or Jane Smith, Power of
Attorney). If the names on the account need to be changed, or if a registered owner is deceased, a transfer must be
completed. You may view instructions and download forms online at shareowneronline.com. Under Download
Forms, select Stock Power and Transfer Instructions.
Medallion Signature Guarantee. Note to Guarantor:
Medallion stamp must be fully legible and must not be
dated or noted.
Additional information regarding the Sale Request After Transfer Form
Direct deposit of sale proceeds:
Provide us your account type, ABA/routing number (begins with 0, 1, 2, or 3), and bank account number.
Direct deposit requests must include a corresponding pre-printed voided check or pre-printed savings deposit
slip.
If the names on your bank account do not match the names on your stock account, a check will be issued.
Incomplete information or inaccurate information will result in proceeds issued by check.
If direct deposit is not offered, a check will be issued.
If sale proceeds exceed $10,000, a check will be issued.
All requests will be executed in accordance with the terms and conditions defined in your plan documents. Once a sale
has been submitted to Shareowner Services, it cannot be modified or cancelled. You are unable to direct the date,
time or price at which the shares will be sold. The share price may fall or rise during the period between a request for
sale, it’s receipt by Shareowner Services, and the actual sale in the open market. This price risk is assumed by the
shareowners.
Mail this form with your transfer paperwork to:
EQ Shareowner Services
PO Box 64874
Saint Paul MN 55164-0874
If using a courier, please mail to:
EQ Shareowner Services
Attn: Imaging Services
1110 Centre Pointe Curve Suite 101
Mendota Heights MN 55120
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