Associate Stock Purchase Plan (ASPP) and Restricted Stock

Associate Stock Purchase Plan (ASPP)

Companies offer Employee Stock Purchase Plans to employees to allow them the opportunity to share the success of the firm. A stock purchase plan enables employees to purchase their company's common stock, often at a discount from the market price.

Stock options are perceived to be an effective employee retention and incentive tool. Stock purchase plans help employees think more like an owner, which aligns their interests with those of shareholders.


Restricted Stock

The purpose of the Stock Plan is to promote the interests of the Company and its Subsidiaries through grants to eligible individuals of Restricted Stock, Stock Units, Options, and Stock Appreciation Rights in order (1) to attract and retain the services of eligible individuals, (2) to provide an additional incentive to each eligible individual to work to increase the value of Company stock and (3) to provide each eligible individual with a stake in the future of the Company which corresponds to the stake of each Company shareholder.


Associate Stock Purchase Plan (ASPP)


Purchase Period Timeline 

Purchase Periods for 2018

Enrollment Periods & Change Periods

Last Day to Suspend Contributions for Current Purchase Period

January 1 – March 31, 2018

December 16 - 31, 2017

March 14, 2018

April 1 - June 30, 2018

March 16 – 31, 2018

June 14, 2018

July 1 - September 30, 2018

June 16 – 30, 2018

September 14, 2018

October 1 - December 31, 2018

September 16 – 30, 2018

December 14, 2018

Enrollment Information

Before you enroll, it’s important that you read the prospectus, which includes the following components:

How to Access Your Shares 

Once shares are purchased, they are posted to an account in your name at Morgan Stanley Smith Barney. The purchase and posting of shares takes about two weeks after the end of each quarter. Morgan Stanley will send you a password after your first purchase and a statement of shares purchased after each purchase.


How to Enroll in ASPP or Access Your Account

To access the enrollment system, click on the link below and then click on “Enroll or adjust your contributions” in the For Select Plans Only section.  

You do not need a password.  When prompted, enter:
-  the SHC ticker symbol:   SHLD
-  your social security number
-  your date of birth


Questions about the Associate Stock Purchase Plan should be directed to Morgan Stanley Smith Barney at 1-888-246-9637.

For customer service or log in issues related to restricted stock contact Morgan Stanley Smith Barney at 1-877-295-2028.