Inventors:
William David Hemingway - Salt Lake City UT, US
James G. Livingston - Alpine UT, US
Evan Martin Hill - Sandy UT, US
Rick Davis Burtenshaw - Cottonwood Heights UT, US
Gary Bernard Hansen - Salt Lake City UT, US
Eric John Pehrson - Lehi UT, US
Larry Ross Denham - Farmington UT, US
Ronald C. Hanks - Salt Lake City UT, US
James Reed Cooper - Centerville UT, US
James Brady Palmer - Riverton UT, US
Robert Lynn Bartleson - North Salt Lake UT, US
Jonathan Eric Bacon - Bountiful UT, US
Shelene Brown - Centerville UT, US
Richard J. Sullivan - Littleton CO, US
Nick Robert Watne - Murray UT, US
Henry Conrad Wurts - Salt Lake City UT, US
Doyle L. Arnold - Salt Lake City UT, US
Thomas E. Laursen - Park City UT, US
Assignee:
Zions Bancorporation - 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.