System and method for implementing employee stock plans

US7529701B2 · kind B2 · utility

Assignee

• UBS Painwebber, Inc. · US

Inventors

• Lawrence P. Shields · New York, US
• George Brewster · Hackettstown, US
• James Humza · Skillman, US
• James Mooney · River Vale, US
• Hermant Bendre · Fair Lawn, US
• Julia K. Burns · Verplanck, US
• Joseph Denola · Hackettstown, US
• Eileen Eng · Weehawken, US
• Doug Jones · Franklin, US
• Michael Kelly · Hartland, US
• Sudhir Khanna · New York, US
• John Rebimbas · East Meadow, US
• Mark Trojan · Bayonne, US
• Alla Turetsky · Oradell, US
• Heather Vanderhoof · Belleville, US

Key dates

• Filing date: Nov 2, 2001
• Grant date: May 5, 2009
• Expiry date: Feb 25, 2025

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/06
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Tools for implementing employee stock plans including stock options, restricted stock awards and/or and stock purchase plans are provided. A system is provided that comprises volatile data storage for storing participant information pursuant to a data transfer from a non-volatile database of a third party administrative system; an interface system for interacting with a participant regarding a requested transaction and enabling the participant to select a response pertaining to the employee stock plan; a trading system for conducting individual participant transactions on a public exchange, a communication system that connects a participant to the system; and an updating system that updates the participant information in the volatile data storage according to the selections and transactions made by the participant.