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 the tax withholdings that are due at the time of exercise. Wells Fargo then issues the shares to your account through Direct Registration at Wells Fargo Shareowner ServicesSM (also known as book entry) or to your Wells Fargo Investments, LLC brokerage account.
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.
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.
