4. I hold Compaq shares in multiple accounts. How will they be treated?
Combination of accounts of a single holder with identical registration information
Accounts of a single holder (whether in the form of physical stock certificate(s) or direct registration accounts, or both) that are held with identical registration information will be combined. The registration information that must be identical includes the name on the account, the Social Security Number, if applicable, and the address. If any of these items varies in any way across multiple accounts, the accounts will not be combined. Please see below for information on how shares in multiple accounts will be treated for purposes of the conversion.
Holders of Compaq stock certificate(s) (including lost certificates)
If you hold multiple stock certificates, you must return all stock certificates you hold with your Letter of Transmittal (and make provision for lost certificates; see question 16 ), and you will receive a number of whole shares based on the total number of shares you hold through physical certificates, plus cash in lieu of the remaining fractional share, if any.
Compaq direct registration program
Shares you hold in "book-entry" form through Compaq's direct registration program will generally be aggregated together for purposes of conversion when they are registered in the same name and title. This will include shares purchased through Compaq's dividend reinvestment and shareholder investment plans as well as other Compaq shares held through Compaq's direct registration program. As a result, you will generally receive a number of whole shares based on the total number of shares you hold through Compaq's direct registration program, plus cash in lieu of the remaining fractional share, if any.
Holders through banks or brokers ("street name")
If you hold your shares through a bank or broker, your bank or broker will handle the conversion of your shares and follow its own procedures for aggregating accounts and paying cash in lieu of any fractional shares. If you hold shares through multiple banks and/or brokers, they will not be aggregated for purposes of the conversion.
If you hold shares in more than one form
If you hold shares in a combination of the above listed forms (for example, both physical certificate(s) and through Compaq's direct registration program), your shares will not be aggregated together among these different forms. You therefore may receive more than one payment for a fractional share.
After you receive your HP shares, you may request that HP aggregate all your shares in an HP Direct Registration Account and/or held in physical stock certificate(s) into a single HP Direct Registration Account or physical stock certificate by contacting Wells Fargo Shareowner Services, HP's transfer agent at 1 (800) 286-5977 (outside the United States and Canada 1 (651) 453-2122). However, shares held through a bank or broker in street name may not be included unless you first request that your bank or broker convert your shares to an HP Direct Registration Account or physical stock certificate. Alternatively, you may deliver all of your shares to a bank or broker to hold in street name by contacting your bank or broker.