1. What is Direct Registration?Direct Registration is a form of registration. It enables stockholders to be directly registered on the records of the corporation in book-entry form, with no need of a physical stock certificate. Back to Top
2. What is the Direct Registration Profile Modification System?The Direct Registration Profile Modification System was developed to provide investors with an efficient method of moving book-entry positions within the financial community. As an investor, you can have your securities held in book-entry form in your Direct Registration, Direct Purchase or Dividend Reinvestment account, moved electronically between Wells Fargo Shareowner ServicesSM, your corporation's transfer agent, and your broker/dealer. Back to Top
3. In what form can my securities be held?As an individual investor, you may have three choices to hold your securities:
- Have your securities registered in your name on the corporation's books and receive a physical certificate.
- Have your broker/dealer hold your securities in book-entry form under "street name" registration.
- Have your securities held in book-entry form under direct registration by Wells Fargo Shareowner Services, your corporation's transfer agent.
4. What are the differences in the various forms for holding securities?
- Physical Stock Certificates registered in the investor's name require the investor to safeguard them until the investor wishes to sell or transfer the shares. As a registered owner, you receive dividends, annual reports, proxies and other mailings directly from Wells Fargo Shareowner Services. Physical certificates carry risk. If they are lost, the investor will have to pay to replace them.
- Street Name Registration with your broker/dealer, your shares will be in "street name". Under this type of registration, your ownership on the broker/dealer books and not directly on the corporation's books. Your broker/dealer will send you periodic statements indicating all securities in your account at the broker/dealer. Annual reports, proxies, and other issuer mailings will be sent to you from your broker/dealer.
- Direct Registration allows you to have your securities registered in your name, on the books of the corporation without the need for a physical certificate. You will receive periodic statements reflecting your ownership, along with dividends, annual reports, proxies, and other mailings directly from Wells Fargo Shareowner Services.
5. How can I hold my securities in Direct Registration?If you currently hold a certificate, you can mail or take your certificate to Wells Fargo Shareowner Services with instructions to deposit into your direct registration account. If you currently hold your securities in street name, you can instruct your broker/dealer to move your securities to Wells Fargo Shareowner Services to book-entry through the Direct Registration Profile Modification System. In both situations, you will receive a statement of ownership from Wells Fargo Shareowner Services acknowledging your DRS book-entry position once the change has been made. Back to Top
6. What do I do if I want to sell my book-entry securities?If your securities are in a Direct Registration, Dividend Reinvestment or Direct Purchase account you may do one of the following three activities to sell your securities:
- Instruct Wells Fargo Shareowner Services to sell your securities (according to the terms of the company's Dividend Reinvestment plan, Direct Purchase plan, or Direct Registration sales feature); If you do not know if this option is available for your stock, you may find that information on the back of your statement or contact one of our Customer Service Representatives by email, phone or mail.
- Instruct your broker/dealer to electronically move your securities from your account at Wells Fargo Shareowner Services using the Direct Registration Profile Modification System.
- Request a physical certificate from Wells Fargo Shareowner Services and deliver the certificate to your broker/dealer to sell.
7. Can I place a limit order, market order, or stop order?Options for selling market orders, limit orders, and stop orders may vary by company. Please refer to your plan brochure/prospectus, which can be found online at shareowneronline.com by selecting View All Plans under Invest In a Plan, then clicking on the Company Name link. If your company allows these types of sale methods, they can be requested through shareowneronline.com or by phone. Batch order sales are available through mail, phone, and internet. Back to Top
8. If I hold certificates and there is a stock distribution, will I receive a certificate?You will generally receive a statement of ownership instead of an additional certificate. Book-entry registration helps to keep costs down for your corporation, which in turn, adds to shareowner value. Back to Top
9. Can I hold my certificate with you?Certificates received by Wells Fargo Shareowner Services will be converted into book-entry form and deposited to your Direct Registration account. They will not be held in certificate form. Back to Top
10. Am I able to withdraw a certificate at any time?Although options vary somewhat by company, generally you may request a certificate by phone or in writing by mail or fax. Back to Top
11. Can I get a duplicate statement for my account?If your company offers account access through www.shareowneronline.com, you may be able to sign on to view and print a history of your account. Otherwise, please contact us to determine how to obtain duplicate statements and if there is a cost to do so. Back to Top