Here is what scottrade said about the restricted g

Here is what scottrade said about the restricted gift shares in my account. They are there, but no details as to pps, or when they become unrestricted. He said most of the time the time frame on deals like this either become unrestricted earlier, or date gets pushed back. Told me to check back closer to sept. To see if they have received the details on the spin off shares. That's all I got. As for cashing in the shares whether is need to call in to convert to common shares before selling them or if the company changes name and needs to be exchanged with the new name, the cost would be just $25. So all this talk about the cost of selling and converting the spin off shares being high cost and such on the other board is bogus. Of course this maybe different with other brokers so I would check with yours first. I believe those that receive physical certs. , the key is that the back of the certs. Are signed by the head of the company. Then it's basically a call the broker, mail in your certs., pay the $25 or whatever your broker charges to convert to common shares, wait for them to show on your account, and then sell. Hope this helps for those who were wondering. Pvec