Brennan Warble

US Patent:

7987129, Jul 26, 2011

Filed:

Aug 12, 2002

Appl. No.:

10/064745

Inventors:

David K. Dolan - Annandale VA, US
Jeffrey N. Edwards - Basking Ridge NJ, US
Yonathan Epelbaum - New York NY, US
Frederick J. Fiddle - Ridgewood NJ, US
Emerson P. Jones - Greenwich CT, US
Stuart C. Kaperst - New York NY, US
Todd K. Kaplan - Winnetka IL, US
Daniel Y. Kerstein - Woodsburgh NY, US
Dragomir K. Kolev - New York NY, US
Richard P. Luciano - Morristown NJ, US
Paul A. Pepe - New York NY, US
Eric Steifman - New York NY, US
Russell L. Stein - Englewood Cliffs NJ, US
Brennan J. Warble - Bronxville NY, US
Richard J. Green - Woodbury NY, US
Robert A. Rudnick - Queenstown MD, US
Frank R. Strong - McLean VA, US

Assignee:

Bank of America Corporation - Charlotte NC

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 35

Abstract:

A convertible financial instrument provides incentives to holders to keep the instruments outstanding so that issuers maintain flexibility and control over the maturity date of the instrument and the manner in which it is settled. The instrument may provide issuers with the ability to deduct an amount for tax purposes that approximates the true economic cost of the financial instrument. The instrument may contain a provision calling for contingent payments (which may include, for example, contingent interest, preferred distributions, contingent principal, dividends, and other pay-outs) to the holder in some circumstances, which may be based on formulae calculations. For example, this may occur when the trading value of the convertible instrument exceeds a pre-determined value such as, for example, a certain percentage of the accreted value of the convertible instrument, or, for example, another circumstance that may trigger a contingent payment may be when the price of another financial instrument (e. g. , the underlying security, the reference security, etc. ) is below, higher than, or equal to a pre-determined value.

US Patent:

20030135436, Jul 17, 2003

Filed:

Aug 12, 2002

Appl. No.:

10/217875

Inventors:

James Birle - Summit NJ, US
Jeffrey Edwards - Basking Ridge NJ, US
Yonathan Epelbaum - New York NY, US
Frederick Fiddle - Ridgewood NJ, US
Emerson Jones - Greenwich CT, US
Stuart Kaperst - New York NY, US
Todd Kaplan - Winnetka IL, US
Daniel Kerstein - Woodmere NY, US
Richard Luciano - Morristown NJ, US
Thomas Patrick - New York NY, US
Paul Pepe - New York NY, US
Eric Steifman - New York NY, US
Russell Stein - Engelwood Cliffs NJ, US
Brennan Warble - Bronxville NY, US
Richard Green - Woodbury NY, US

International Classification:

G06F017/60

US Classification:

705/035000

Abstract:

Systems and methods for offering and servicing financial instruments creates a way for issuers to offer financial instruments that are accretive to earnings regardless of the Price/Earnings ratio. Specifically, the present invention provides systems and methods for offering and servicing convertible or exchangeable contingent conversion financial instruments.

US Patent:

20030135446, Jul 17, 2003

Filed:

Aug 12, 2002

Appl. No.:

10/064744

Inventors:

James Birle - Summit NJ, US
Jeffrey Edwards - Basking Ridge NJ, US
Yonathan Epelbaum - New York NY, US
Frederick Fiddle - Ridgewood NJ, US
Emerson Jones - Greenwich CT, US
Stuart Kaperst - New York NY, US
Todd Kaplan - Winnetka IL, US
Daniel Kerstein - Woodmere NY, US
Richard Luciano - Morristown NJ, US
Thomas Patrick - New York NY, US
Paul Pepe - New York NY, US
Eric Steifman - New York NY, US
Russell Stein - Englewood Cliffs NJ, US
Brennan Warble - Bronxville NY, US
Richard Green - Woodbury NY, US

International Classification:

G06F017/60

US Classification:

705/037000, 705/040000

Abstract:

A contingent convertible debt instrument contains a provision permitting conversion only if any of certain economically substantial contingencies is satisfied. For example there may be a provision that conversion is permitted only if the issuer's stock price reaches some price, defined as some predetermined price substantially higher than the conversion price, is reached. This contingent conversion trigger price may be 110% or 120% more of the conversion price. The debt instrument may be a negotiable long-term zero-coupon note, and a provision may be included that the number of underlying instruments issuable or deliverable at conversion or exchange is adjusted under certain circumstances (e.g., merger, acquisition, or formulae amounts). Corresponding methods and systems are employed for offering and servicing such financial instruments.

US Patent:

20040006520, Jan 8, 2004

Filed:

Aug 12, 2002

Appl. No.:

10/218124

Inventors:

James Birle - Summit NJ, US
David Dolan - Annadale VA, US
Jeffrey Edwards - Basking Ridge NJ, US
Yonathan Epelbaum - Brooklyn NY, US
Frederick Fiddle - Ridgewood NJ, US
Emerson Jones - Greenwich CT, US
Stuart Kaperst - New York NY, US
Todd Kaplan - Winnetka IL, US
Daniel Kerstein - Woodmere NY, US
Dragomir Kolev - New York NY, US
Richard Luciano - Morristown NJ, US
Thomas Patrick - New York NY, US
Paul Pepe - New York NY, US
Eric Steifman - New York NY, US
Russell Stein - Engelwood Cliffs NJ, US
Brennan Warble - Bronxville NY, US
Richard Green - Woodbury NY, US

International Classification:

G06F017/60

US Classification:

705/035000, 705/036000

Abstract:

Methods and systems for offering and servicing financial instruments create a way for issuers to offer financial instruments with incentives to holders to not voluntarily convert or redeem such instruments so that issuers maintain greater flexibility and control over the maturity date of the instrument and the manner in which it is settled. Additionally, some embodiments of this invention provide issuers of convertible and exchangeable financial instruments with the ability to deduct an amount for tax purposes that approximates the true economic cost of the financial instrument.

US Patent:

20050055293, Mar 10, 2005

Filed:

Aug 12, 2002

Appl. No.:

10/483343

Inventors:

James Birle - Summit NJ, US
Jeffrey Edwards - Basking Ridge NJ, US
Yonathan Epelbaum - New York NY, US
Frederick Fiddle - Ridgewood NJ, US
Emerson Jones - Greenwich CT, US
Stuart Kaperst - New York NY, US
Todd Kaplan - Winnetka IL, US
Daniel Kerstein - Woodmere NY, US
Richard Luciano - Morristown NJ, US
Thomas Patrick - New York NY, US
Paul Pepe - New York NY, US
Eric Steifman - New York NY, US
Russell Stein - Englewood Cliffs NJ, US
Brennan Warble - Bronxville NY, US
Richard Green - Woodbury NY, US

International Classification:

G06F017/60

US Classification:

705035000

Abstract:

Systems and methods for offering and servicing financial instruments () creates a way for issuers to offer financial instruments () that are accretive to earnings regardless of the Price/Earnings ratio. Specifically, the present invention provides systems and methods for offering and servicing convertible or exchangeable contingent conversion financial instruments.

US Patent:

20050080706, Apr 14, 2005

Filed:

Aug 12, 2002

Appl. No.:

10/476705

Inventors:

David Dolan - Annandale VA, US
Jeffrey Edwards - Basking Ridge NJ, US
Yonathan Epelbaum - New York NY, US
Frederick Fiddle - Ridgewood NJ, US
Emerson Jones - Greenwich CT, US
Stuart Kaperst - New York NY, US
Todd Kaplan - Winnetka IL, US
Daniel Kerstein - Woodsburgh NY, US
Dragomir Kolev - New York NY, US
Richard Luciano - Morristown NJ, US
Thomas Patrick Jr - New York NY, US
Paul Pepe - New York NY, US
Eric Steifman - New York NY, US
Russell Stein - Englewood Cliffs NJ, US
Brennan Warble - Bronxville NY, US
Richard Green - Woodbury NY, US
Robert Rudnick - Queenstown MD, US
Frank Strong - McLean VA, US

International Classification:

G06F017/60

US Classification:

705037000, 705030000, 705040000

Abstract:

A convertible financial instrument provides incentives to holders to keep the instruments outstanding so that issuers maintain flexibility and control over the maturity date of the instrument and the manner in which it is settled. The instrument may provide issuers with the ability to deduct an amount for tax purposes that approximates the true economic cost of the financial instrument. The instrument may contain a provision calling for contingent payments (which may include, for example, contingent interest, preferred distributions, contingent principal, dividends, and other pay-outs) to the holder in some circumstances, which may be based on formulae calculations. For example, this may occur when the trading value of the convertible instrument exceeds a predetermined value such as, for example, a certain percentage of the accreted value of the convertible instrument, or, for example, another circumstance that may trigger a contingent payment may be when the price of another financial instrument (e.g., the underlying security, the reference security, etc.) is below, higher than, or equal to a pre-determined value.

US Patent:

20050160025, Jul 21, 2005

Filed:

Aug 12, 2002

Appl. No.:

10/480350

Inventors:

James Birle - Summit NJ, US
Jeffrey Edwards - Basking Ridge NJ, US
Yonathan Epelbaum - New York NY, US
Frederick Fiddle - Ridgewood NJ, US
Emerson Jones - Greenwich CT, US
Stuart Kaperst - New York NY, US
Todd Kaplan - Winnetka IL, US
Daniel Kerstein - Woodmere NY, US
Richard Luciano - Morristown NJ, US
Thomas Patrick Jr - New York NY, US
Paul Pepe - New York NY, US
Eric Steifman - New York NY, US
Russell Stein - Englewood Cliffs NJ, US
Brennan Warble - Bronxville NY, US
Richard Green - Woodbury NY, US

International Classification:

G06F017/60

US Classification:

705037000

Abstract:

A contingent convertible debt instrument contains a provision permitting conversion only if any of certain economically substantial contingencies is satisfied. For example there may be a provision that conversion is permitted only if the issuer's stock price reaches some price, defined as some predetermined price substantially higher than the conversion price, is reached. This contingent conversion trigger price may be 110% or 120% more of the conversion price. The debt instrument may be a negotiable long-term zero-coupon note, and a provision may be included that the number of underlying instruments issuable or deliverable at conversion or exchange is adjusted under certain circumstances (e.g., merger, acquisition, or formulae amounts). Corresponding methods and systems are employed for offering and servicing such financial instruments.