System and method for implementing employee stock plans
First Claim
1. A system supporting an employee stock plan comprising:
- an administrative server system that receives and stores employer-provided information concerning participants in an employee stock plan limited to acquisition of and trading in one or more of employer-issued stock and options on employer-issued stock;
a trading server system that executes transactions on a public exchange;
a finance server system communicably coupled to the administrative server system and the trading server system over a communications network;
the finance server system receiving the employer-provided participant information from the administrative server system;
the finance server system automatically creating and storing, without participant action, limited brokerage accounts based on the employer-provided participant information, the limited brokerage accounts being funded with one or more of employer-issued stock and options on employer-issued stock and used by the participants to initiate transactions through the trading server system solely in connection with the employee stock plan;
the finance server system presenting an interface through which the participants use the limited brokerage accounts to initiate one or more transactions in connection with the employee stock plan through the trading server system, the one or more transactions comprising one or more of trades involving employer-issued stock and exercising of options on the employer-issued stock;
the trading server system conducting the one or more transactions initiated by the participants using the limited brokerage accounts;
the finance server system updating the limited brokerage accounts with information concerning the one or more transactions;
the finance server system transmitting information concerning the updated limited brokerage accounts to the administration server system; and
the administration server system updating the employer-provided participant information stored in the administrative server system with the information concerning the updated limited brokerage accounts.
3 Assignments
0 Petitions
Accused Products
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.
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Citations
27 Claims
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1. A system supporting an employee stock plan comprising:
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an administrative server system that receives and stores employer-provided information concerning participants in an employee stock plan limited to acquisition of and trading in one or more of employer-issued stock and options on employer-issued stock; a trading server system that executes transactions on a public exchange; a finance server system communicably coupled to the administrative server system and the trading server system over a communications network; the finance server system receiving the employer-provided participant information from the administrative server system; the finance server system automatically creating and storing, without participant action, limited brokerage accounts based on the employer-provided participant information, the limited brokerage accounts being funded with one or more of employer-issued stock and options on employer-issued stock and used by the participants to initiate transactions through the trading server system solely in connection with the employee stock plan; the finance server system presenting an interface through which the participants use the limited brokerage accounts to initiate one or more transactions in connection with the employee stock plan through the trading server system, the one or more transactions comprising one or more of trades involving employer-issued stock and exercising of options on the employer-issued stock; the trading server system conducting the one or more transactions initiated by the participants using the limited brokerage accounts; the finance server system updating the limited brokerage accounts with information concerning the one or more transactions; the finance server system transmitting information concerning the updated limited brokerage accounts to the administration server system; and the administration server system updating the employer-provided participant information stored in the administrative server system with the information concerning the updated limited brokerage accounts. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A method for supporting an employee stock plan comprising:
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receiving the employer-provided information concerning participants in an employee stock plan over a communications network from an administrative server system, the employee stock plan being limited to acquisition of and trading in one or more of employer-issued stock and options on employer-issued stock; automatically creating and storing, without participant action, limited brokerage accounts based on the employer-provided participant information, the limited brokerage accounts being funded with one or more of employer-issued stock and options on employer-issued stock acquired and used by the participants to initiate transactions through a trading server system solely in connection with the employee stock plan; presenting an interface through which the participants use the limited brokerage accounts to initiate one or more transactions in connection with the employee stock plan through the trading server system, the one or more transactions comprising one or more of trades involving employer-issued stock and exercising of options on the employer-issued stock; updating the limited brokerage accounts with information concerning the one or more transactions; and transmitting information concerning the updated limited brokerage accounts over the communications network to the administration server system in order to update the employer-provided participant information stored in the nonvolatile data storage of the administrative server system. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24, 25, 26, 27)
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Specification