When you leave a company's stock purchase plan and certificates are issued- do you send them to your brkrg?

Question:

I am leaving my employer I have 30 days to tell the custodian (wachovia) to sell my shares- but I don't want them to do that, because there's a 2 year holding period to get favorable tax treatment under Section 423. Wachovia said that they'll issue stock certificates, which is fine.

Because I want to not have too much in capital gains taxes, I figure I'll have to hold (at least partially) until Oct. 2008 <<To make the issue simpler, I'm going to not sell any shares--and hold until two years out from my last purchase date (sept 2006).>>

My Question relates to how I treat the stock certificates after they are given to me, should I send them to my vanguard account? so that they can track any future splits that occur in the stock?

Thanks so much for your help here!

Answer:
I would send to my brokerage for storage. Your company my offer an option to you for this. Every company I have left has arranged for them to go into a brokerage account on my behalf.

I think you should send the shares to your Vanguard account. There is no reason to have the headache of storing actual shares.

Vanguard will give you directions on how to endorse the shares. Its pretty simple.

As far as splits go, it doesn't matter if you hold the shares or deposit them with a broker. The shares are registered, and the proper share count will be credited to you when you sell them.

When you leave a company's stock purchase plan and certificates are issued- do you send them to your brkrg?

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