Old AMR Stock?

[Salty Dog]

I had 200 shares of the old AMR stock that I never sold. I heard that people who had AAMRQ stock got something for it.

Although I think I already know the answer I'll ask the question anyway. Is the old AMR stock worthless and gone?

 

[MCI transplant]

I had 200 shares of the old AMR stock that I never sold. I heard that people who had AAMRQ stock got something for it.

Although I think I already know the answer I'll ask the question anyway. Is the old AMR stock worthless and gone?

Tell you what, I'll give you the old TWA stock I own, we'll pool them, and see what we get! How about if I throw in some AMR stock options?

 

[paul1]

check your brokerage account. what is in there?

 

[MAH4546]

You should have approximately 148 shares of AAL, which is worth around $7,000 today. 

 

[OldGuy@AA]

I had 125 shares I had bought over the years.  I got a letter telling me that my 125 shares of old AA stock was now changed to 6 (Six) shares of new AA stock.  I didn't think AA could screw me again but I was wrong.

 

[eolesen]

Per Investor Relations:
 

During the first 120 days after the Effective Date, holders of AAMRQ stock received in aggregate of approximately 0.744 shares of AAL per share of AAMRQ. Holders of AAMRQ may receive additional distributions based upon the resolution of disputed claims in the bankruptcy case; however, due to the uncertainty regarding the outcome and timing of the disputed claims, there is no guarantee of additional distributions.

OldGuy, that doesn't quite add up to what IR says. Did you have exercised shares or unexercised options? Options would have been wiped out, but 125 shares of AMR should have netted you 93 shares of AAL.

 

[MAH4546]

I had 125 shares I had bought over the years.  I got a letter telling me that my 125 shares of old AA stock was now changed to 6 (Six) shares of new AA stock.  I didn't think AA could screw me again but I was wrong.

 
No, you were not wrong. You should have, as pointed out, about 93 shares. The shares vested in increments up until 120 days out. You're initial vest may have been 6, but it kept building. 

 

[Bob Owens]

I had 125 shares I had bought over the years.  I got a letter telling me that my 125 shares of old AA stock was now changed to 6 (Six) shares of new AA stock.  I didn't think AA could screw me again but I was wrong.

I'd heard that six shares got us one share. I bought mine through payroll deduction before they terminated it. 

 

[OldGuy@AA]

I'd heard that six shares got us one share. I bought mine through payroll deduction before they terminated it. 

That's how I got mine too.  When they stopped the payroll deduction I stopped buying it.

 

[Bob Owens]

That's how I got mine too.  When they stopped the payroll deduction I stopped buying it.

Started doing it early on, my father worked for Union Carbide and it worked out pretty well, they saw it split several times, also got Praxair and some other ones when those were spun off and eventually ended up with DOW stock.
 
My results were not so good.

 

[scorpion 2]

I had the equivalent of about 300 shares in my 401 that disappeared. I inquired about what happened to them through an email to HR and was told that they had been sold and the proceeds were distributed throughout my different 401 allocations. HR said that they were advised to do this. I never received any notification on what the proceeds were but Im thinking about a buck or 2 per share.   I did a follow up email and stated that they were my shares and it should have been my choice to let them ride. Never heard back from them. I would have gotten new shares in the real world but since Im just a lowly employee I got the shaft. 

 

[eolesen]

Did they bring back the ESPP after 2006? The shares I'd bought thru the old ESPP were sold off back in 2003.

ESPP shares weren't ever handled the same way that shares bought on the open market or shares issued thru a grant or option. You essentially were in a mutual fund that bought shares, and was managed by a trustee. Pretty certain that's what the fine print said when I signed up for it...

 

[OldGuy@AA]

Per Investor Relations:
 

OldGuy, that doesn't quite add up to what IR says. Did you have exercised shares or unexercised options? Options would have been wiped out, but 125 shares of AMR should have netted you 93 shares of AAL.

 

Per Investor Relations:
 

OldGuy, that doesn't quite add up to what IR says. Did you have exercised shares or unexercised options? Options would have been wiped out, but 125 shares of AMR should have netted you 93 shares of AAL.

Nope.  6 whole shares.  I owned these shares of stock for over 20 years so they had nothing to do with the stock options.

 

[eolesen]

There has to be more to your situation... 93 shares don't just become six without something else having taken place.

Were there annual fees on your brokerage account? Perhaps shares were sold off over time to cover the expense? Before electronic statements, some brokerages used to charge $20-30 per year to cover postage and printing costs, others charged inactivity fees if a certain amount of time went by without a sell or buy order.

 

[scorpion 2]

 
Did they bring back the ESPP after 2006? The shares I'd bought thru the old ESPP were sold off back in 2003.

ESPP shares weren't ever handled the same way that shares bought on the open market or shares issued thru a grant or option. You essentially were in a mutual fund that bought shares, and was managed by a trustee. Pretty certain that's what the fine print said when I signed up for it...

Not sure if your responding to my quote or not but I never purchased shares thru any employee plan. As for myself I allocated a portion of my 401 from one account to purchase shares of company stock around 2002. Its been so long ive forgotten the exact year. My shares were still active just prior to the BK filing than poof they were gone.