SSB/CitiCorp CAP Stock Plan
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Nov 11, 2005 10:15 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.
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.