The annual deadlines are fast approaching for delivering participant information statements and filing IRS information returns to report exercises of incentive stock options (“ISOs”) during 2015 and transfers during 2015 of certain shares of stock obtained by participants under employee stock purchase plans (“ESPPs”). Compliance with the participant information statement requirement is made by providing Form 3921 (or substitute) to participants who exercised ISOs and Form 3922 (or substitute) to participants who transferred certain shares of stock obtained under an ESPP. Forms 3921 and 3922 (or substitutes) must be provided by February 1, 2016. Forms 3921 and 3922 are also used for IRS information returns, which must be filed with the IRS by February 29, 2016, for paper filings or March 31, 2016, for all electronic filings.
This article was contributed by Susan Serota and Justin Krawitz at Pillsbury