How will I be able to reconcile my former class A preferred stock account balance to my new common stock and/or ESPP account balance after the reclassification?
SAIC Stock Programs has developed a guide to help you understand and reconcile your accounts after the reclassification using your statements from BNY Mellon. Depending on the acquisition source of those shares, shares of common stock resulting from the reclassification will be moved either (1) solely into your BNY Mellon common stock account, (2) solely into your BNY Mellon ESPP account or (3) moved partially into both your BNY Mellon common stock account and your BNY Mellon ESPP account. The sum of the shares with a transaction origin of RCLC and RCLE on your Post-Reclassification IAR should match the balance of shares of class A preferred stock reflected in your Pre-Reclassification IAR. The only exception would be if you submitted a sales request between about 1 p.m. ET on Tuesday, November 10, and about 1 p.m. ET on Friday, November 13, 2009. This sales transaction would be finalized as of the actual sale date and would show a transaction origin of “Sale” on your Post-Reclassifica
