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Author: emschwar One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121146  
Subject: Identifying shares from certificates Date: 5/24/2001 12:36 PM
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I originally asked this in the Ask a Foolish Question board, but TMF
Karen suggested I might get a better response here, so I'm reposting
it.

I'm in a somewhat odd situation. Due to a combination of a corporate
spinoff at my company, and a change in the employee stock purchase
program, I was issued certificates for all the shares of stock I held in the
old stock purchase program, plus certificates for the shares of stock I
recieved as part of the spinoff.

I read the Investing Basics section, where it advocates (or appears to,
at any rate), specific identification of stock. However, the examples it
gives say, in effect, "Tell your broker which shares to buy or sell." Well,
I don't have that option, as the brokerage which handled the old stock
plan is no longer associated with the company, and in any event, all I
have (or had, rather, as I deposited them with a new brokerage) are
certificates.

I do have a statement of my account just prior to the spinoff, and there
exist several FAQs online for both companies explaining how to calculate
how many spinoff shares I got for each share of my former company I
had. My question, therefore, is in two parts:

1) How can I identify which shares are sold, if the brokerage which holds
them has no record of how much I paid for them?

2) How can I figure out the cost basis for the original shares, and the
spinoff shares?

I'm very much an investing novice, so feel free to point me to FAQs,
READMEs, or anything obvious, if I've somehow managed to miss it.
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