US Patent:
20020042771, Apr 11, 2002
Inventors:
Lawrence Shields - New York NY, US
George Brewster - Warren NJ, US
James Humza - Skillman NJ, US
James Mooney - River Vale NJ, US
Hermant Bendre - Fair Lawn NJ, US
Julia Burns - Verplanck NY, US
Joseph Denola - Washington Township NJ, US
Eileen Eng - Weehawken NJ, US
Doug Jones - Franklin TN, US
Michael Kelly - Ramsey NJ, US
Sudhir Khanna - New York NY, US
John Rebimbas - East Meadow NY, US
Mark Trojan - Bayonne NJ, US
Alla Turetsky - Oradell NJ, US
Heather Vanderhoof - Belleville NJ, US
International Classification:
G06F017/60
Abstract:
Tools for implementing employee stock plans including stock options, restricted stock awards and/or and stock purchase plans are provided. The invention comprises a 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 means for updating the participant information in the volatile data storage according to the selections and transactions made by the participant.