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SSB/CitiCorp CAP Stock Plan

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Nov 11, 2005 10:15 pm

eabinade

Joined: 2005-11-09Offline

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 12, 2005 3:16 am

anonymous

Joined: 2005-09-29Offline

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.