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.
If you do not have a Wells Fargo Investments, LLC brokerage account, call 1-800-TRADERS (international: 1-612-344-0039) to open. New accounts are added automatically to the Stock Option Management tool within two days after being opened. To have a newly opened account added sooner, call 1-877-574-1039.
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 Exercise.
Click Select next to the grant you want to exercise.
Click the radio button for “Buy and Hold” and then click Continue.
Complete the exercise.
Sign on to Stock Options Management after 4:30 p.m. Central Time to confirm the final numbers, accessible through Orders & Transactions screen under Status column as “Pending.” Click Select for each "Pending" exercise.
Send in the required funds within the allotted time, as indicated.
If you later choose to move shares out of book entry:
Contact your broker to move them to your brokerage account
Contact Shareowner Services at 1-800-468-9716 to request a certificate, re-register the shares, or learn more about other choices
Operating Hours
Exercises can be submitted online 24 hours a day, 7 days a week. The exercise date of the transaction is based on the date entered into the system. 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.
