App Enables Stock Plan Participants to Conduct Transactions

With the updates, participants with stock option plans can now exercise and sell their options by following simple prompts within the app. Investors can determine the total value of all of their options, the price of their exercisable options, the estimated value of their options and the aggregated tax rate that will apply if the options are sold.

Previously, participants could view their stock plan account balances from their iPhone, iPod touch or Android smart phone, but could not conduct transactions.

“Fidelity is pleased to provide today’s busy investors the smart mobile tools they need to stay connected to their portfolios no matter where they are,” said Joan Bloom, senior vice president of Fidelity’s Stock Plan Services business. “Now our participants not only can check their account balances but also conduct transactions on the move. As a firm, we will continue to advance our technology as we see new opportunities.”

Under the new enhancements, participants in all of Fidelity’s stock plan categories—restricted stock, stock appreciation, performance and employee stock purchase and stock options—can now access more detailed information about their accounts via mobile devices.  

Other enhancements include:

•  Participants with restricted stock units, restricted stock award plans and performance award plans can now see the value of their accounts, their transaction history and grant details such as price, date and quantity;

•  Participants with stock option plans and stock appreciation rights plans can see their grant details for accepted and unaccepted grants as well as pending stock option exercises, including transaction details and history;

•  Participants with stock purchase plans can see offering periods and transaction history; and

•  Participants with restricted stock units, restricted stock awards plans and stock appreciation rights plans can view their vesting schedules.

The Fidelity Investments App is available free from the App Store on iPhone and iPod touch or at www.iTunes.com/AppStore.