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Employee owned stock
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<blockquote data-quote="wornoutupser" data-source="post: 152275" data-attributes="member: 2196"><p>My problem with the stock plan is that my stock is being held hostage. Let me explain.</p><p></p><p> When the "you have to buy and hold for two years" rule was announced, I stopped buying stock two months before the deadline.</p><p></p><p> I wanted to sell some a while back. I went to the website but it refused to allow me to sell.</p><p></p><p> I called in- and was told that I owned restricted shares under the two year hold. I laughed at the person on the phone and had them pull my purchase history.</p><p></p><p> I was correct, I DID stop buying before the restriction went into place-but somehow UPS "gave" me .35 CENTS of stock TWO MONTHS AFTER (four months later) and THAT holds my stock for TWO YEARS!</p><p> What a crock!</p></blockquote><p></p>
[QUOTE="wornoutupser, post: 152275, member: 2196"] My problem with the stock plan is that my stock is being held hostage. Let me explain. When the "you have to buy and hold for two years" rule was announced, I stopped buying stock two months before the deadline. I wanted to sell some a while back. I went to the website but it refused to allow me to sell. I called in- and was told that I owned restricted shares under the two year hold. I laughed at the person on the phone and had them pull my purchase history. I was correct, I DID stop buying before the restriction went into place-but somehow UPS "gave" me .35 CENTS of stock TWO MONTHS AFTER (four months later) and THAT holds my stock for TWO YEARS! What a crock! [/QUOTE]
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