IRS Form 8937
JPMorgan Chase expects that, for U.S. federal income tax purposes, any increase in the proportionate interest of a holder of warrants in JPMorgan Chase’s earnings and profits that is attributable to an adjustment to the Exercise Price and/or Warrant Share Number resulting from each quarterly common stock dividend in excess of $0.38 per share will be treated as a deemed distribution, even though the holder did not receive any concurrent cash payments. Any such deemed distribution will generally be treated as a dividend for U.S. federal income tax purposes to the extent of JPMorgan Chase’s current or accumulated earnings and profits (as determined for U.S. federal income tax purposes). For a non-U.S. holder of warrants, any such deemed dividend may be subject to U.S. federal withholding tax at a 30% rate or such lower rate as may be specified by an applicable treaty. Each holder of warrants should consult their own tax advisor concerning the U.S. federal income tax consequences of any deemed distribution in light of their particular circumstances, as well as any consequences arising under the laws of any other applicable taxing jurisdiction.
Please select from the links below to view IRS Form 8937s relating to JPMorgan Chase & Co. warrants.
Warrant Adjustment History
The following table summarizes the adjustments to the exercise price and the warrant share number for the warrants to purchase JPMorgan Chase common stock through the last date indicated in the table(1). The expiration date for the warrants was October 28, 2018, and the last date on which the warrants could be exercised was October 29, 2018.
|Record Date||Exercise Price||Warrant Share Number|
|Original exercise price||$42.420||1.00|
|July 3, 2014||$42.405||1.00|
|October 6, 2014||$42.391||1.00|
|January 6, 2015||$42.377||1.00|
|April 6, 2015||$42.363||1.00|
|July 6, 2015||$42.325||1.00|
|October 6, 2015||$42.284||1.00|
|January 6, 2016||$42.246||1.00|
|April 6, 2016||$42.204||1.01|
|July 6, 2016||$42.136||1.01|
|October 6, 2016||$42.073||1.01|
|January 6, 2017||$42.025||1.01|
|April 6, 2017||$41.967||1.01|
|July 6, 2017||$41.912||1.01|
|October 6, 2017||$41.834||1.01|
|January 5, 2018||$41.764||1.02|
|April 6, 2018||$41.696||1.02|
|July 6, 2018||$41.624||1.02|
|October 4, 2018||$41.472||1.02|
(1) All calculations were made to the nearest 1/10th of a cent or to the nearest 1/100th of a share.