SYSTEM AND METHOD FOR BUYING AND SELLING EMPLOYEE STOCK OPTIONS

• US 20080071667A1
• Filed: 11/21/2007
• Published: 03/20/2008
• Est. Priority Date: 08/05/1999
• Status: Abandoned Application

• Current Assignee: Richard Himmelstein
• Original Assignee: Richard Himmelstein
• Inventors: Himmelstein, Richard
• Application Number:
  US11/944,042
• Publication Number:
  US 20080071667A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/188 Electronic negotiation

Abstract

A bartering system implements barters between a plurality of parties each having one or more classes of items available for barter. Preferably, barter orders are created by designating a selected quantity of a first class of items to be bartered, designating a date range for transferring title of the first class items to be bartered, designating a barter value of the first class of items to be bartered, and designating a second class of items to be acquired. Barter orders are posted via the Internet to a barter database and may be displayed via the Internet. Posted barter orders whose first class of items match the second class of items of a barterer'"'"'s order are preferably displayed. Posted barter orders from the display are selected to effectuate a barter transaction which combines a barterer'"'"'s barter order with the selected posted order(s).

Claims

1-28. -28. (canceled)

29. A method for facilitating buying and selling employee stock options on a computerized transferable stock option trading system, comprising:

identifying a first trader and a second trader, the first trader seeking to acquire option rights for a stock, the second trader being an employee controlling option rights for the stock;

receiving an offer from the first trader, the offer identifying the stock for which the first trader seeks to acquire option rights and a price associated with the option rights;

receiving an order from the second trader, the order identifying the stock for which the employee controls option rights and a quantity of options to sell;

matching the order with the offer;

transferring the option rights for the stock from the second trader to the first trader; and

transferring funds in accordance with the offer from the first trader to the second trader.

30. The method of claim 29 wherein the order identifies an after date defining the date upon which the employee options may be exercised.

31. The method of claim 29 wherein the order identifies an expiration date defining the date upon which the offer expires.

32. The method of claim 29 wherein the order identifies a strike price associated with the option rights.

33. The method of claim 29 further comprising holding the option rights in escrow.

34. The method of claim 29 further including:

assisting the second trader in determining whether the offer is financially advantageous.

35. The method of claim 34 further including:

communicating to the second trader a value ratio.

36. The method of claim 34 further including:

communicating to the second trader a value ratio based on a current security trading price associated with the stock.

37. A transferable stock option trading system for facilitating buying and selling employee stock options, comprising:

a processor; and

a memory connected to the processor and storing instructions to control the operation of the processor;

the stored instructions operative to direct the processor to;

identify a first trader and a second trader, the first trader seeking to acquire option rights for a stock, the second trader being an employee controlling option rights for the stock;

receive an offer from the first trader, the offer identifying the stock for which the first trader seeks to acquire option rights and a price associated with the option rights;

receive an order from the second trader, the order identifying the stock for which the employee controls option rights and a quantity of options to sell;

match the order with the offer;

transfer the option rights for the stock from the second trader to the first trader; and

transfer funds in accordance with the offer from the first trader to the second trader.

38. The system of claim 37 wherein the stored instructions are further operative to identify an after date defining the date upon which the employee options may be exercised.

39. The system of claim 37 wherein the stored instructions are further operative to identify an expiration date defining the date upon which the offer expires.

40. The method of claim 37 wherein the order identifies a strike price associated with the option rights.

41. The system of claim 37 wherein the stored instructions are further operative to identify that option rights are to be held in escrow.

42. The system of claim 37 wherein the stored instructions are further operative to assist the second trader in determining whether the offer is financially advantageous.

43. The system of claim 42 wherein the stored instructions are further operative to communicate to the second trader a value ratio.

44. The system of claim 42 wherein the stored instructions are further operative to communicate to the second trader a value ratio based on a current security trading price associated with the stock.