How do I enter the spinoff of CST Brands from Valero Energy?

Valero Energy spun off CST Brands. Valero is considered the parent company.

The information on this FAQ page is based on company filings near the time of the transaction. For more information, please contact the company's investor relations department .

This action is a simple spinoff transaction in the accounting software. The information below is based on the information available from the cost basis allocation information on the Valero web site.

The Spinoff Entry

Go to Transactions > Spinoff or Accounting > Securities > Record spinoff of securities depending on the version of the software being used. If you are unfamiliar with spinoff transactions you can get help at this url:

Here is the information you need to complete the spinoff

Date: 5/1/2013

Select Parent Security (or Parent Company) : Valero (VLO)

Remaining Basis Percentage: 91.75

Cash received: See your broker statement for cash-in-lieu received

Spinoff Security (or Symbol of New Company) : CST Brands (CST)

Shares received : .11111 x (#of VLO shares owned) (Remember to include fractional shares.)

For example, if you owned 100 VLO shares, you should receive .11111 x 100 = 11.111 CST shares.

Price Per Share : 29.60 (An average price on 5/1/2013)

Save the transaction and the spinoff has been entered.