George Ordway Brewster

US Patent:

7529701, May 5, 2009

Filed:

Nov 2, 2001

Appl. No.:

10/003613

Inventors:

Lawrence P. 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 K. 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

Assignee:

UBS Painwebber, Inc. - Weehawken NJ

International Classification:

G06Q 40/00

US Classification:

705 35, 705 36 R, 705 37

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.

US Patent:

20020032636, Mar 14, 2002

Filed:

Feb 8, 2001

Appl. No.:

09/779114

Inventors:

Lawrence Shields - Brooklyn NY, US
Amod Bhargava - North Andover MA, US
Keith Carsten - Danville CA, US
George Brewster - Chatham Township NJ, US
James Humza - Skillman NJ, US
Robert Maurer - Levittown NY, US
James Mooney - River Vale NJ, US
Michael Cranor - Round Rock TX, US

International Classification:

G06F017/60

US Classification:

705/037000

Abstract:

A system and method for inquiry of option and/or stock status and for processing trades made pursuant to stock option and purchase plans is provided. Participant information is stored and transmitted to a finance system. Rules may be enforced for stock option and stock purchase plans with the finance system. Participants are provided with incentive compensation that can be utilized in a simplified, user friendly, streamlined process.