SSB/CitiCorp CAP Stock Plan

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Nov 11, 2005 5:15 pm

Are there any brokers who worked for SSB/Citicorp and participated in the CAP Plan.  This is the deferred stock plan that allows you to purchase Citigroup stock at a 25% discount to the market (with a two year vesting clause)  But left the company prior the two year vesting period.


Did the compacy keep the $ you paid into plan. 


Thanks

Nov 11, 2005 10:16 pm

The next offering was anounced today.


If you leave before vesting you lose all but the monies contributed in the last 6 months.  The monies from the most recent six months are refunded.  All others are forfeited.


Minimum production required to participate is $140,000.