The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
May. 15, 2007
Filed:
Aug. 12, 2002
James R. Birle, Jr., Summit, NJ (US);
David K Dolan, Annandale, VA (US);
Jeffrey N. Edwards, Basking Ridge, NJ (US);
Yonathan Epelbaum, New York, NY (US);
Frederick J. Fiddle, Ridgewood, NJ (US);
Emerson P. Jones, Greenwich, CT (US);
Stuart C. Kaperst, New York, NY (US);
Todd K. Kaplan, Winnetka, IL (US);
Daniel Y. Kerstein, Woodsburgh, NY (US);
Dragomir Kolev, New York, NY (US);
Richard P. Luciano, Morristown, NJ (US);
Thomas H. Patrick, Jr., New York, NY (US);
Paul A. Pepe, New York, NY (US);
Eric Steifman, New York, NY (US);
Russell L. Stein, Englewood Cliffs, NJ (US);
Brennan J. Warble, Bronxville, NY (US);
Richard J. Green, Woodbury, NY (US);
Robert a Rudnick, Queenstown, MD (US);
Frank R Strong, McLean, VA (US);
James R. Birle, Jr., Summit, NJ (US);
David K Dolan, Annandale, VA (US);
Jeffrey N. Edwards, Basking Ridge, NJ (US);
Yonathan Epelbaum, New York, NY (US);
Frederick J. Fiddle, Ridgewood, NJ (US);
Emerson P. Jones, Greenwich, CT (US);
Stuart C. Kaperst, New York, NY (US);
Todd K. Kaplan, Winnetka, IL (US);
Daniel Y. Kerstein, Woodsburgh, NY (US);
Dragomir Kolev, New York, NY (US);
Richard P. Luciano, Morristown, NJ (US);
Thomas H. Patrick, Jr., New York, NY (US);
Paul A. Pepe, New York, NY (US);
Eric Steifman, New York, NY (US);
Russell L. Stein, Englewood Cliffs, NJ (US);
Brennan J. Warble, Bronxville, NY (US);
Richard J. Green, Woodbury, NY (US);
Robert A Rudnick, Queenstown, MD (US);
Frank R Strong, McLean, VA (US);
Other;
Abstract
A convertible financial instrument provides incentives to holders to keep the instruments outstanding so that issuers maintain flexibility and control over the maturity date of the instrument and the manner in which it is settled. The instrument may provide issuers with the ability to deduct an amount for tax purposes that approximates the true economic cost of the financial instrument. The instrument may contain a provision calling for contingent payments (which may include, for example, contingent interest, preferred distributions, contingent principal, dividends, and other pay-outs) to the holder in some circumstances, which may be based on formulae calculations. For example, this may occur when the trading value of the convertible instrument exceeds a predetermined value such as, for example, a certain percentage of the accredited value of the convertible instrument, or, for example, another circumstance that may trigger a contingent payment may be when the price of another financial instrument (e.g., the underlying security, the reference security, etc.) is below, higher than, or equal to a pre-determined value.