Stock -Class A to B

Discussion in 'UPS Discussions' started by Wally, Jul 28, 2014.

  1. Wally

    Wally Hailing from Parts Unknown.

    Any easy way to do this? Can it be done online?
     
  2. upschuck

    upschuck Well-Known Member

    You got to have a certain number of shares to sell online, don't know what it is, but when I sold 300+ shares, I did it all online, was easy, and done quickly . Co-worker has to do paperwork and mail it in, and wait. I guess that is another way for management to keep hourlies at a disadvantage. I had bought shares up until it went public, and just sat on them, drip, and sold them to pay off mortgage. All that switching from a to b is unnecessary. Do you charge you for that switch? I think I was charged a $10 transaction fee, and it was DD into bank account in a couple days.
     
  3. Wally

    Wally Hailing from Parts Unknown.

    Maybe someone can chime in about charges?

    I do know my stock has to change to B to sell.
     
  4. airintrace

    airintrace Active Member

    I don't believe that it does. I've sold online as well and I just choose the block of shares I want to sell and hit sell. That's it. Do know though that you have to sell a minimum of 100 shares.


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  5. brownman.canada

    brownman.canada New Member

    whats the website for the stocks
     
  6. Gumby

    Gumby *

    B shares are If you want to move them to a brokerage account.
     
  7. upsman68

    upsman68 Active Member

    You have to have a minimum of 100 shares to sell online. If you don't you have to convert them. The paperwork is online. Fill it out and you have to go a bank to get a gold medallion signature. Send it in to compushare. A few days Later you can sell them online. If you have it set up to have the money in your checking account it's in your account in a few days.


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  8. thessalonian13

    thessalonian13 Active Member

     
  9. thessalonian13

    thessalonian13 Active Member

    Only UPS would make something so complicated. Having to fill out PAPERWORK and jump through all those hoops just to sell a few shares in the internet age speaks volumes about UPS. E-Trade is so simple.
     
  10. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    They prefer that you consider the stock to be a long-term investment and not a piggy bank that you can break in to as needed.
     
  11. upschuck

    upschuck Well-Known Member

    Unless you have enough shares to sell that you can do it online. Just another way for management to keep the little guy down. :happy:
     
  12. Wally

    Wally Hailing from Parts Unknown.

    It does seem silly that I can't convert shares online on my account page if I have less than 100 shares. Charge a small fee or something. Ridiculous.
     
  13. oldngray

    oldngray nowhere special

  14. Dracula

    Dracula Package Car is cake compared to this...

    You'll go on the Computershare web site and print up the conversion page. You'll have to write down the shares that are available to convert and get the form notarized. Send them in, and about a week or two later, you will get a check. I did snail mail, you can pay more for NDA and get it a little quicker. They are pretty good on the phone---they'll walk you through it.
     
  15. thessalonian13

    thessalonian13 Active Member

    That's my point. I have 80 shares and I would have dozens of partial share prices (97.0937846278 96.0936484849 and so on) to write on a piece of paper. ARE YOU KIDDING ME?!!!! And if you get 1 digit wrong the whole thing is negated and you have to start all over again. We should be able to click our way through this like every other 21st century company. Unfortunately UPS is stuck in the 19th century with this process.
     
  16. upsman68

    upsman68 Active Member

    Just double check it. I didn't have any problem. I know it's time consuming but if you want the to sell that's the way it's done.


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  17. Rack em

    Rack em Well-Known Member

    I am reviving this age old thread because I am having trouble selling. I only want to sell 20 shares so I can get my truck paid off, but I have to convert my shares to class B. I tried calling to have them walk me through it, but of course the whole system is automated now and I couldn't talk to an actual person!

    Can anyone verify if I printed out the correct form. "Form 2011 request for conversion of class A to class B stock, and transfer of ownership." The form is 6 pages long and I honestly have no idea how to fill the thing out. I would try my best to fill it out, but I don't want to do it wrong and send it in to get rejected.
     
  18. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Don’t you have to have at least 100 shares before you can sell any or all of them?
     
  19. Wally

    Wally Hailing from Parts Unknown.

    How much taxes will you be paying vs interest on the loan? I guess you should factor dividends in too.
     
  20. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Bingo!