Inventors:
William Hemingway - Salt Lake City UT, US
James Livingston - Alpine UT, US
Evan Hill - Sandy UT, US
Rick Burtenshaw - Cottenwood Heights UT, US
Gary Hansen - Salt Lake City UT, US
Eric Pehrson - Sandy UT, US
Larry Denham - Farmington UT, US
Ronald Hanks - Salt Lake City UT, US
James Cooper - Centerville UT, US
James Palmer - Riverton UT, US
Robert Bartleson - North Salt Lake UT, US
Jonathan Bacon - Bountiful UT, US
Shelene Brown - Centerville UT, US
Richard Sullivan - Littleton CO, US
Nick Watne - Murray UT, US
Henry Wurts - Salt Lake City UT, US
Doyle Arnold - Salt Lake City UT, US
Thomas Laursen - Park City UT, US
Assignee:
ZIONS FIRST NATIONAL BANK - Salt Lake City UT
International Classification:
G06Q 40/00
Abstract:
An online auction process for derivative securities is used to determine a fair market value of an asset or benefit provided to others, such as employee stock options. In one embodiment, the derivative securities track the intrinsic value realized by employees when exercising the employee stock options granted to them by their employers. The derivative securities may include rules for handling modifications to an employee stock option grant and/or rules for handling forfeitures of some or all of the employee stock options.