What are the tax consequences to a holder of stock options or RSUs?
You should consult your own financial or tax advisor with respect to the tax consequences to you of either receiving the cash payment from Cognos upon the surrender of your vested Cognos stock options or vested Cognos RSUs, receiving IBM stock options in exchange for your unvested Cognos stock options or having your unvested Cognos RSUs amended so that they are exchangeablefor shares of IBM common stock. You will be responsible for any taxes owing by you under the relevant applicable laws arising from these transactions. Canadian residents who receive IBM stock options in exchange for their unvested Cognos stock options should not realize any gain or loss on the exchange for purposes of the Income Tax Act (Canada). On the amendment of the unvested Cognos RSUs, Canadian resident holders of such RSUs should not realize any gain or loss as a result of the amendment for purposes of the Income Tax Act (Canada). U.S. taxpayers will not recognize taxable income upon the receipt of IBM stock o
