Wells Fargo 2013 Annual Report Download - page 241

Note 18: Preferred Stock
We are authorized to issue 20 million shares of preferred stock
and 4 million shares of preference stock, both without par value.
Preferred shares outstanding rank senior to common shares
both as to dividends and liquidation preference but have no
general voting rights. We have not issued any preference shares
under this authorization. If issued, preference shares would be
limited to one vote per share. Our total authorized, issued and
outstanding preferred stock is presented in the following two
tables. The Employee Stock Ownership Plan (ESOP) Cumulative
Convertible Preferred Stock is presented in the two tables below
and in the table on the following page.
December 31, 2013 December 31, 2012
Liquidation
preference
per share
Shares
authorized
and designated
Liquidation
preference
per share
Shares
authorized
and designated
DEP Shares
Dividend Equalization Preferred Shares (DEP) $10 97,000 $ 10 97,000
Series G
7.25% Class A Preferred Stock 15,000 50,000 15,000 50,000
Series H
Floating Class A Preferred Stock 20,000 50,000 20,000 50,000
Series I
Floating Class A Preferred Stock 100,000 25,010 100,000 25,010
Series J
8.00% Non-Cumulative Perpetual Class A Preferred Stock 1,000 2,300,000 1,000 2,300,000
Series K
7.98% Fixed-to-Floating Non-Cumulative Perpetual Class A Preferred Stock 1,000 3,500,000 1,000 3,500,000
Series L
7.50% Non-Cumulative Perpetual Convertible Class A Preferred Stock 1,000 4,025,000 1,000 4,025,000
Series N
5.20% Non-Cumulative Perpetual Class A Preferred Stock 25,000 30,000 25,000 30,000
Series O
5.125% Non-Cumulative Perpetual Class A Preferred Stock 25,000 27,600 25,000 27,600
Series P
5.25% Non-Cumulative Perpetual Class A Preferred Stock 25,000 26,400 - -
Series Q
5.85% Fixed-to-Floating Non-Cumulative Perpetual Class A Preferred Stock 25,000 69,000 - -
Series R
6.625% Fixed-to-Floating Non-Cumulative Perpetual Class A Preferred Stock 25,000 34,500 - -
ESOP
Cumulative Convertible Preferred Stock (1) - 1,105,664 - 910,934
Total 11,340,174 11,015,544
(1) See the following page for additional information about the liquidation preference for the ESOP Cumulative Preferred Stock.
December 31, 2013 December 31, 2012
(in millions, except shares)
Shares
issued and
outstanding
Par
value
Carrying
value Discount
Shares
issued and
outstanding
Par
value
Carrying
value Discount
DEP Shares
Dividend Equalization Preferred Shares (DEP) 96,546 $ - - - 96,546 $ - - -
Series I (1)
Floating Class A Preferred Stock 25,010 2,501 2,501 - 25,010 2,501 2,501 -
Series J (1)
8.00% Non-Cumulative Perpetual Class A Preferred Stock 2,150,375 2,150 1,995 155 2,150,375 2,150 1,995 155
Series K (1)
7.98% Fixed-to-Floating Non-Cumulative Perpetual Class A Preferred Stock 3,352,000 3,352 2,876 476 3,352,000 3,352 2,876 476
Series L (1)
7.50% Non-Cumulative Perpetual Convertible Class A Preferred Stock 3,968,000 3,968 3,200 768 3,968,000 3,968 3,200 768
Series N (1)
5.20% Non-Cumulative Perpetual Class A Preferred Stock 30,000 750 750 - 30,000 750 750 -
Series O (1)
5.125% Non-Cumulative Perpetual Class A Preferred Stock 26,000 650 650 - 26,000 650 650 -
Series P (1)
5.25% Non-Cumulative Perpetual Class A Preferred Stock 25,000 625 625 - - - - -
Series Q (1)
5.85% Fixed-to-Floating Non-Cumulative Perpetual Class A Preferred Stock 69,000 1,725 1,725 - - - - -
Series R (1)
6.625% Fixed-to-Floating Non-Cumulative Perpetual Class A Preferred Stock 33,600 840 840 - - - - -
ESOP
Cumulative Convertible Preferred Stock 1,105,664 1,105 1,105 - 910,934 911 911 -
Total 10,881,195 $ 17,666 16,267 1,399 10,558,865 $ 14,282 12,883 1,399
(1) Preferred shares qualify as Tier 1 capital.
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