IP Library Granted Patent US 8,244,620
Granted Patent B1
US 8,244,620 · App. 13/188,599 · Granted Aug 14, 2012

Methods, systems and securities for assuring a company an opportunity to sell stock after a specified time

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Quick Facts
Patent No.
US 8,244,620
App. No.
13/188,599
Granted
Aug 14, 2012
Kind
B1
Abstract

Embodiments of the present invention relate to a method comprising: inputting data regarding the sale of a security consisting of: (i) a post-paid forward contract which obligates the second entity to purchase a fixed number of shares stock of the first entity; and (ii) debt; inputting data regarding the purchase, by the first entity from the second entity, of a pre-paid forward contract which obligates the second entity to deliver to the first entity a variable number of shares of stock in the first entity; inputting a then-current stock price associated with the stock of the first entity; calculating a number of shares underlying the pre-paid forward contract, based on a formula that is a function of a then-current stock price and a remaining maturity associated with the pre-paid forward contract; recording the data regarding the sale of the security; recording the data regarding the purchase, of the pre-paid forward contract; and recording the calculated number of shares.

Claims (8)

1. A method implemented by a programmed computer system for use in connection with the sale of stock by a first entity, which method comprises the steps of:

inputting data regarding the sale, by the first entity to a second entity, of a security consisting of: (i) a post-paid forward contract which obligates the second entity to purchase a fixed number of shares stock of the first entity; and (ii) debt;

inputting data regarding the purchase, by the first entity from the second entity, of a pre-paid forward contract which obligates the second entity to deliver to the first entity a variable number of shares of stock in the first entity;

inputting a then-current stock price associated with the stock of the first entity;

calculating via the programmed computer system a number of shares underlying the pre-paid forward contract, based on a formula that is a function of the then-current stock price and a remaining maturity associated with the pre-paid forward contract;

recording the data regarding the sale, by the first entity to the second entity, of the security consisting of: (i) the post-paid forward contract; and (ii) the debt;

recording the data regarding the purchase, by the first entity from the second entity, of the pre-paid forward contract; and

recording the calculated number of shares underlying the pre-paid forward contract.

Assignments (2)
CHANGE OF NAME Recorded Jul 12, 2017
From: GOLDMAN, SACHS & CO.
To: GOLDMAN SACHS & CO. LLC
Reel/Frame 043177/0001 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Oct 29, 2013
From: JONES, EMERSON P.; SCHOEN, KAREN
To: GOLDMAN, SACHS & CO.
Reel/Frame 031499/0655 →