A buy and hold (cash) exercise is a method of exercise whereby you pay the exercise cost and amount of tax withholding by bank check, certified check, or personal check and receive shares of Wells Fargo common stock.
To complete a cash exercise, you will need to send Wells Fargo the money by check or wire for the cost of the shares (option price multiplied by the number of shares you wish to purchase), plus any tax withholding that is due at the time of exercise. Wells Fargo can either register the shares in your name at Wells Fargo Shareowner ServicesSM (by direct registration, also known as book entry) or to your Wells Fargo Investments, LLC brokerage account.
You can complete a buy and hold exercise online by signing on to Stock Options Management from work or from home.
To complete a buy and hold exercise:
Go to Stock Options Management and click Grant Summary.
Select the grant you want to exercise.
Click the Exercise button.
Select Buy and Hold from the drop-down menu.
Complete the exercise.
Sign on to Stock Options Management after 4:30 p.m. Central Time to confirm the final numbers.
Send in the required funds within the allotted time, as indicated.
Operating Hours Exercises can be submitted online 24 hours a day, 7 days a week. Buy and hold exercises are processed as of the day that they are entered up to 11:59 p.m. Eastern Time. Exercises entered on a weekend or holiday will be effective the next business day (provided the grant being exercised does not expire on the next day).
Please refer to the grant’s prospectus for the specific terms of each stock option grant.
