System and method of creating and executing a restricted stock sale plan

A computer program product for use in conjunction with a computer system, the computer program product comprising a computer readable storage medium and a computer program mechanism embedded therein, the computer program mechanism comprising

• instructions that maintain restricted stock information corresponding to a restricted stock, said restricted stock information accessible via a network by a sale plan initiator, a holder, a broker, and a counselor;
• instructions that provide a sale plan template to the sale plan initiator via the network in response to receiving from said sale plan initiator via said network a request to create said sale plan, said sale plan template including information extracted from the restricted stock information;
• when the sale plan initiator is the broker
• instructions that make the sale plan available to the holder via the network in response to receiving said sale plan from the sale plan initiator via the network, said sale plan having been updated by the sale plan initiator to call for action by the holder;
• instructions that provide the sale plan to the holder via the network in response to receiving from said holder via said network a request for said sale plan;
• instructions that make the sale plan available to the broker via the network in response to receiving from one of the sale plan initiator and the holder via said network said sale plan, said sale plan having been updated by said one of the sale plan initiator and the holder to include sale plan documentation and sale plan parameters and to call for action by the broker;
• instructions that provide the sale plan to the broker via the network in response to receiving from said broker via said network a request for said sale plan;
• instructions that make the sale plan available to the counselor via the network in response to receiving from the broker via said network said sale plan, said sale plan having been reviewed and updated by said broker to call for action by the counselor;
• instructions that provide the sale plan to the counselor via the network in response to receiving from said counselor via said network a request for said sale plan;
• instructions that make the sale plan available to the broker via the network in response to receiving from the counselor via said network said sale plan, said sale plan having been reviewed and updated by said counselor to call for action by the broker;
• and
• instructions that initiate a delegending process for each of a specified number of sales concerning the restricted stock in accordance with the sale plan parameters of the sale plan in response to receiving from the broker via the network said sale plan, said sale plan having been updated by said broker to call for the delegending process.

A computer system to create and execute a sale plan corresponding to a restricted stock, comprising

• a memory to store instructions and data;
• a processor to execute the instructions stored in the memory;
• the memory storing
• instructions that maintain restricted stock information corresponding to a restricted stock, said restricted stock information accessible via a network by a sale plan initiator, a holder, a broker, and a counselor;
• instructions that provide a sale plan template to the sale plan initiator via the network in response to receiving from said sale plan initiator via said network a request to create said sale plan, said sale plan template including information extracted from the restricted stock information;
• when the sale plan initiator is the broker
• instructions that make the sale plan available to the holder via the network in response to receiving said sale plan from the sale plan initiator via the network, said sale plan having been updated by the sale plan initiator to call for action by the holder;
• instructions that provide the sale plan to the holder via the network in response to receiving from said holder via said network a request for said sale plan;
• instructions that make the sale plan available to the broker via the network in response to receiving from one of the sale plan initiator and the holder via said network said sale plan, said sale plan having been updated by said one of the sale plan initiator and the holder to include sale plan documentation and sale plan parameters and to call for action by the broker;
• instructions that provide the sale plan to the broker via the network in response to receiving from said broker via said network a request for said sale plan;
• instructions that make the sale plan available to the counselor via the network in response to receiving from the broker via said network said sale plan, said sale plan having been reviewed and updated by said broker to call for action by the counselor;
• instructions that provide the sale plan to the counselor via the network in response to receiving from said counselor via said network a request for said sale plan;
• instructions that make the sale plan available to the broker via the network in response to receiving from the counselor via said network said sale plan, said sale plan having been reviewed and updated by said counselor to call for action by the broker;
• and
• instructions that initiate a delegending process for each of a specified number of sales concerning the restricted stock in accordance with the sale plan parameters of the sale plan in response to receiving from the broker via the network said sale plan, said sale plan having been updated by said broker to call for the delegending process.

A computer-implemented method to create and execute a restricted stock sale plan, comprising

• a first stage in which a process for creating and executing a sale plan regarding a restricted stock is initiated by one of a broker and the broker and a holder, said first stage resulting in a sale plan contract, a set of sale plan parameters, and a release of the process to a second stage;
• the second stage in which the sale plan contract and the set of sale plan parameters are reviewed by the broker, said broker able to return the process to the first stage and alternatively release the process to a third stage;
• the third stage in which the sale plan contract and the set of sale plan parameters are reviewed by a corporate counselor for issues concerning an issuer of the restricted stock, said corporate counselor able to return the process to the first stage and alternatively release the process to a fourth stage;
• the fourth stage in which the sale plan contract and the set of sale plan parameters are further reviewed by the broker, said broker able to return the process to the first stage and alternatively accept said sale plan and release the process to a fifth stage;
• and
• the fifth stage in which a controller initiates a delegending process for each of a specified number of sales concerning the restricted stock in accordance with the sale plan parameters of the sale plan.

A computer program product for use in conjunction with a computer system, the computer program product comprising a computer readable storage medium and a computer program mechanism embedded therein, the computer program mechanism comprising

• instructions for execution of a first stage in which a process for creating and executing a sale plan regarding a restricted stock is initiated by one of a broker and the broker and a holder, said first stage resulting in a sale plan contract, a set of sale plan parameters, and a release of the process to a second stage;
• instructions for execution of the second stage in which the sale plan contract and the set of sale plan parameters are reviewed by the broker, said broker able to return the process to the first stage and alternatively release the process to a third stage;
• instructions for execution of the third stage in which the sale plan contract and the set of sale plan parameters are reviewed by a corporate counselor for issues concerning an issuer of the restricted stock, said corporate counselor able to return the process to the first stage and alternatively release the process to a fourth stage;
• instructions for execution of the fourth stage in which the sale plan contract and the set of sale plan parameters are further reviewed by the broker, said broker able to return the process to the first stage and alternatively accept said sale plan and release the process to a fifth stage;
• and
• instructions for execution of the fifth stage in which a controller initiates a delegending process for each of a specified number of sales concerning the restricted stock in accordance with the sale plan parameters of the sale plan.

A computer system to create and execute a sale plan corresponding to a restricted stock, comprising

• a memory to store instructions and data;
• a processor to execute the instructions stored in the memory;
• the memory storing
• instructions for execution of a first stage in which a process for creating and executing a sale plan regarding a restricted stock is initiated by one of a broker and the broker and a holder, said first stage resulting in a sale plan contract, a set of sale plan parameters, and a release of the process to a second stage;
• instructions for execution of the second stage in which the sale plan contract and the set of sale plan parameters are reviewed by the broker, said broker able to return the process to the first stage and alternatively release the process to a third stage;
• instructions for execution of the third stage in which the sale plan contract and the set of sale plan parameters are reviewed by a corporate counselor for issues concerning an issuer of the restricted stock, said corporate counselor able to return the process to the first stage and alternatively release the process to a fourth stage;
• instructions for execution of the fourth stage in which the sale plan contract and the set of sale plan parameters are further reviewed by the broker, said broker able to return the process to the first stage and alternatively accept said sale plan and release the process to a fifth stage;
• and
• instructions for execution of the fifth stage in which a controller initiates a delegending process for each of a specified number of sales concerning the restricted stock in accordance with the sale plan parameters of the sale plan.

A computer-implemented system for creating, modifying, and executing a restricted stock sale plan, comprising:

• a plurality of processing stages, each processing stage comprising a plurality of parameters defining operational aspects of the processing stage, wherein the parameters comprise:
• a first parameter that defines a set of entities authorized to act with respect to the restricted stock sale plan during the processing stage, the set of entities comprising one or more entities;
• a second parameter that defines a set of actions that the set of entities is authorized to perform during the processing stage, the set of actions comprising one or more actions;
• and
• a third parameter that defines a set of processing stages to which the restricted stock sale plan may be released at the discretion of a member of the set of entities, the set of processing stages comprising one or more processing stages.