19-179 19-179 . . . Employee Stock Purchase Plan under which each employee of corporation and its wholly-owned direct or indirect, domestic and foreign subsidiaries that have authorized participation in Plan (Participating Company) can contribute up to 15% of earnings through payroll deductions and Participating Company contributes a cash amount equal to 5% of participant's payroll deductions for first year of participation, additional 7% for second year, additional 10% for third year, additional 13% for fourth year and additional 15% for fifth year. Custodian of plan purchases shares of common stock on open market or from corporation at current market prices, using payroll deductions and applicable matching Company contributions
Hawaii Amended and Restated Employee Stock Purchase Plan
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US-CC-19-179
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FAQ
There is no right or wrong time to sell your ESPP shares - it will depend on your risk appetite and your financial goals. However, it's not wise to keep all of your investments (or even a large portion of your investments) in your company's stock. It's important to keep your investment portfolios diversified.
If you leave your company while enrolled in their employee stock purchase program, your eligibility for the plan ends, but you will continue to own the stock the company purchased for you during employment. The company will no longer purchase shares on your behalf after your termination date.
Purchase shares: Typically at the end of the purchase period (i.e. purchase date), you officially purchase the shares. Sell shares: You can sell your ESPP shares right after you purchase them or hold onto them.
If you leave or terminate from the company, you will cease to participate in the ESPP and your contributions will be refunded as soon as administratively possible.
Yes, you can sell stock purchased through your ESPP plan immediately if you want to guarantee that you profit from your discount. Otherwise, the value of the stock may go up, which increases your profit, or it may go down, causing you to lose money.
The final purchase coincides with the end of the offering period. For each 6-month purchase period, the company will collect contributions to the ESPP. At the end of the six months, contributions will be used to purchase shares of stock on the purchase date (or exercise date).
The lock-up period is usually 90?180 days, depending on the company. Although lockups used to be fairly simple ? typically lasting 180 days ? they are gradually becoming more complex. Investors and employees usually want lockups that are shorter so that they can cash out earlier.
In this situation, you sell your ESPP shares more than one year after purchasing them, but less than two years after the offering date. This is a disqualifying disposition because you sold the stock less than two years after the offering (grant) date.