You can model or complete an exercise on your Long-Term Incentive Compensation Plan (LTICP) stock options by signing on to Stock Options Management with your LAN username and password.

The exercise methods available for LTICP are:

• Same-Day Sale (Cashless). Buy and sell shares on the same day; end up with money net of exercise price, tax withholding, and fees.
• Buy and Hold (Cash). Buy shares by delivering the exercise price and any tax withholding in cash; end up with Wells Fargo stock.
• Sell-to-Cover. Buy and sell enough shares to cover the exercise price and any tax withholding in cash; end up with Wells Fargo stock.
• Stock Swap. Buy shares by swapping Wells Fargo stock to cover the exercise- price, deliver any tax withholding in cash or by share withholding; end up with Wells Fargo stock and reload if applicable.

Transaction Fees
There are no fees for buy and hold or stock swap exercises. For same-day sale and sell-to-cover transactions completed on long-term incentive stock options, Wells Fargo Investments LLC charges a commission of $0.03 per share with a $7.95 minimum. This charge does not include the minimal fees charged by the Securities and Exchange Commission.

Trading and Operating Hours
Monday – Friday, 9:30 a.m. – 4:00 p.m. Eastern Time (ET), during New York Stock Exchange (NYSE) trading days

Same-Day Sale and Sell-to-Cover
Exercises requiring a sale of shares in the stock market submitted between 3:30 p.m. and 4:00 p.m., Eastern Time (30 minutes prior to market close), are processed on a "best effort" basis. Exercises entered outside of trading hours will be effective the next business day (provided the grant being exercised does not expire on the next day). If a trade is not completed prior to market close, the exercise will be cancelled and the exercise will need to be reentered on a subsequent day.

Buy and Hold, and Swap
Exercise types that do not result in a market trade 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).

Modeling an Exercise
You can model stock option exercises online 24 hours a day, 7 days a week by signing on to Stock Options Management.