ESPPs: Rules

Example: Your company's stock price was $10 at the start and $12 at the end of the six-month offering period, with a 15% discount on the purchase date that is based on the lower of either the price on that date or the price at the start of the offering. You're buying the stock at 15% off the $10, so it's $8.50 (29% discount from the $12 market price on the purchase date). If the stock price was $12 at the start and $10 at the end, your purchase price would also be $8.50.