Patent ID: 6269346
Filing Date: 2001-07-31
Classification: G06Q

Abstract:
A data processing method for managing J client stock option plans, wherein for each Jth client's plan there are I participants in the plan, where J and I are positive whole numbers, comprising:storing the identity of each client;storing the identity of each participant for each said client;creating one or more accounts, each said account associated with a participant;storing information in each said account regarding stock options held by said participant under the stock option plan, said information comprising:the number of options for shares of stock in each participant's stock option plan;the strike price of each said stock option; anda date on which each said stock option is vested, said date calculated at least in part by an axiomatic rule system;monitoring the current market price for the stock underlying each option;receiving from a participant an order to execute a trade exercising a vested stock option in said participant's plan;executing said trade on said vested stock option when the market price equals or exceeds the strike price of said vested stock option to receive the shares underlying the option exercised.