Company Filing History:
Years Active: 2001
Title: Inventor Spotlight: Eric Radcliffe
Introduction
Eric Radcliffe is an innovative inventor based in Kendall Park, New Jersey. He holds one patent that contributes significantly to the realm of stock option management. His work has not only enhanced processes within his company but also the broader financial industry.
Latest Patents
Radcliffe's patent, titled "Stock option control and exercise system," presents a comprehensive system and method for managing multiple stock option accounts, tailored for a variety of participants. The system is designed to invoke specific option plans defined within, governing the transaction choices accessible to each participant. The sponsoring companies create these governing option plans, detailing grant, vest, and expiration dates for the option contracts.
His system utilizes a database of option holding information for each participant and an axiomatic rule system that defines the criteria for exercising options. This innovation facilitates the management of stock options across multiple client companies, offering distinct modes for option exercise. Notably, the system allows for proceeds to be disbursed in a currency different from the one used for the underlying security, provides real-time execution of transactions, and simulates various outcomes based on different exercise methods and their economic ramifications.
Career Highlights
Eric Radcliffe is associated with Merrill, Lynch, Pierce, Fenner & Smith, a reputable financial services firm. His work in developing the stock option management system has had a remarkable impact on the efficiency and functionality of stock option plans in organizations. His contributions enhance user experience by offering versatile solutions in stock options.
Collaborations
In his career at Merrill, Lynch, Pierce, Fenner & Smith, Radcliffe has collaborated with notable coworkers such as John M. Cristofich and Susan E. Warner. Together, they have worked towards improving the systems and processes within the company, fostering a culture of innovation and efficiency in financial services.
Conclusion
Eric Radcliffe's contributions through his patent reflect a deep understanding of the complexities involved in managing stock options. His innovation not only streamlines processes for participants but also sets new standards in the financial industry. As he continues to evolve and adapt in his field, Radcliffe remains a noteworthy figure in the landscape of invention and innovation.