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State of New Mexico Office of the Secretary of State Ethics Administration 325 Don Gaspar Suite 300 Santa Fe, New Mexico 87503 (800) 4773632/(505) 8273600SECRETARY OF STATECampaign Reporting Act Report

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What is ne ste?

Ne Ste stands for Non-employee Stock Option and it is a form that must be filed with the IRS by individuals who have received stock options from a company in which they are not employed.

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The purpose of ne ste is to report stock options received by non-employees to the IRS for tax purposes.

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The information that must be reported on ne ste includes the fair market value of the stock options received and any taxes withheld.

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