You can model or complete an exercise on your outstanding PartnerShares® stock options by signing on to Stock Options Management with your LAN username and password. If you do not have online access, you can call the Interactive Voice Response system (IVR) at 1-866 463-1070. You can exercise all or a portion of your exercisable PartnerShares, subject to a 20-share minimum, which may be set from time to time.
PartnerShares Stock Options Exercise Methods There are two ways you can exercise PartnerShares:
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.
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 Same-day sale trades submitted between 3:30 p.m. and 4:00 p.m., Eastern Time (30 minutes prior to the market close) are processed on a "best effort" basis. 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 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).
Exercise by Phone
Call 1-866-463-1070 to complete a same-day sale (cashless) exercise over the phone. After you have identified yourself, follow the prompts to complete the transaction. You must obtain a confirmation number to ensure your exercise has been saved. Exercises conducted over the phone are allowed from 9:30 a.m. to 3:45 p.m. Eastern Time, only on NYSE trading days.
Modeling an Exercise You can model both same-day sale and buy and hold exercises online 24 hours a day, 7 days a week by signing on to Stock Options Management.
