Allen R Friedman

Title: Allen R Friedman: Innovator in Employee Stock Options

Introduction

Allen R Friedman is a notable inventor based in Teaneck, NJ (US). He has made significant contributions to the field of finance through his innovative patent related to employee stock options. His work has implications for how companies manage and transfer these financial instruments.

Latest Patents

Friedman's most recent patent is titled "Method and system for transfer of employee stock options." This patent outlines a process where a plurality of option value prices are determined for employee stock options. An average stock price corresponding to a particular one of these option value prices is calculated. The employee stock option is then exchanged for this determined value. Additionally, the terms of the employee stock option are amended, and the option is transferred to a third party in exchange for a value. The third party subsequently hedges the amended options. This innovative approach streamlines the management of employee stock options, providing a more efficient method for companies.

Career Highlights

Allen R Friedman is currently employed at JPMorgan Chase Bank, where he applies his expertise in financial instruments and innovation. His role at such a prestigious institution underscores his capabilities and the value of his contributions to the field.

Collaborations

Friedman has worked alongside notable colleagues, including Stephen E Gray and Stephen L Roti. Their collaborations have likely contributed to the development of innovative solutions in the financial sector.

Conclusion

Allen R Friedman is a distinguished inventor whose work on employee stock options has the potential to transform financial practices within companies. His patent reflects a deep understanding of financial instruments and their management.