Patents by Inventor Mark J. Foley
Mark J. Foley has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Patent number: 8838493Abstract: According to one embodiment of the invention, a financial instrument includes a first tax-deferred account and first, second, and third guarantees. The first tax-deferred account has an account balance based in part on a deduction from wages paid to an employee. The first guarantee is a guarantee of a first protected value based upon a deposit growing at a minimum growth rate The second guarantee is a guarantee that a beneficiary may periodically receive a transfer of an amount of money for the life of the employee. The third guarantee is a guarantee that the first protected value may be transferred with the first tax-deferred account to a separate financial instrument including a second tax-deferred account, a fourth guarantee of a second protected value, and a fifth guarantee that a beneficiary may periodically receive a transfer of an amount of money for the life of the employee.Type: GrantFiled: September 14, 2006Date of Patent: September 16, 2014Assignee: The Prudential Insurance Company of AmericaInventors: Peter C. Carlson, George A. Castinetras, Mark J. Foley, Nakia A. Kearse, James I. Mahaney, Douglas S. McIntosh, Jr., Richard G. Phipps, Jr., Brian Picard, Brent W. Walder
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Patent number: 8512360Abstract: Methods and devices for placing a target vessel in fluid communication with a source of blood and a target vessel. A conduit includes first portion adapted to be placed in fluid communication with a source of blood, such as a heart chamber, and a second portion adapted to be placed in fluid communication with a target vessel having a lumen, such as coronary artery. The first and second conduit portions are transverse to each other such that the conduit is generally T-shaped. The conduit lies on an exterior of the heart between the blood source and the target vessel and is configured to deliver blood in multiple directions into the lumen of the target vessel. For example, in an occluded coronary artery, blood flows both toward and away from the occlusion. The conduit may be flexible, rigid, collapsible or non-collapsible, and may be formed of synthetic vascular graft material, tissue, or a combination of the two.Type: GrantFiled: February 13, 2004Date of Patent: August 20, 2013Assignee: Medtronic, Inc.Inventors: A. Adam Sharkawy, Dean F. Carson, Darin C. Gittings, Keke J. Lepulu, Mark J. Foley, Wally S. Buch, Alan R. Rapacki
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Patent number: 8370179Abstract: A computer-implemented method for facilitating the management of a financial instrument includes determining an account balance for a financial account. The financial account includes an investment portfolio and a springing guarantee of an income base for a retirement income. The retirement income includes periodic monetary transfers to be commenced at a target retirement date. Each periodic monetary transfer has a respective value based on the income base. The springing guarantee of the income base may be activated on an activation date. The account balance is stored in memory of the data processing system. The stored account balance is periodically updated based at least in part on market performance of the investment portfolio. Using a computing system, the activation date is determined based at least in part on the target retirement date and the income base is determined. A respective value is outputted for each one of the periodic monetary transfers.Type: GrantFiled: April 28, 2010Date of Patent: February 5, 2013Assignee: The Prudential Insurance Company of AmericaInventors: Mark J. Foley, Leonard C. Steiner
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Patent number: 8266035Abstract: A data processing system for managing an annuity account associated with a first provision entitling a beneficiary to monetary transfers for a duration of time extending for the life of a first designated party and a second provision granting an option to modify the duration of time. The data processing system includes one or more processors and one or more memory devices storing logic. The logic is operable when executed by the one or more processors to determine whether an option has been elected and, based at least in part on the determination, process one or more monetary transfers to the beneficiary.Type: GrantFiled: February 25, 2011Date of Patent: September 11, 2012Assignee: The Prudential Insurance Company of AmericaInventors: Peter C. Carlson, Mark J. Foley, Brent W. Walder
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Publication number: 20120004589Abstract: Devices and methods for delivering conduits into the wall of a patient's heart to communicate a coronary vessel with a heart chamber. The devices are passed through the coronary vessel and the heart wall to place the conduit and establish a blood flow path between the vessel and the heart chamber. Additional devices and methods are provided for removing tissue from a coronary vessel or the heart wall to establish a flow path between the coronary vessel in communication with the heart chamber.Type: ApplicationFiled: July 20, 2011Publication date: January 5, 2012Applicant: MEDTRONIC, INC.Inventors: Alan R. Rapacki, Darin C. Gittings, Gilbert S. Laroya, Mark J. Foley
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Patent number: 7993356Abstract: Devices and methods for delivering conduits into the wall of a patient's heart to communicate a coronary vessel with a heart chamber. The devices are passed through the coronary vessel and the heart wall to place the conduit and establish a blood flow path between the vessel and the heart chamber. Additional devices and methods are provided for removing tissue from a coronary vessel or the heart wall to establish a flow path between the coronary vessel in communication with the heart chamber.Type: GrantFiled: September 29, 2006Date of Patent: August 9, 2011Assignee: Medtronic, Inc.Inventors: Alan R. Rapacki, Darin C. Gittings, Gilbert S. Laroya, Mark J. Foley
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Publication number: 20110184505Abstract: Anastomotic components may be attached to hollow bodies or vessels by magnetic or mechanical force to create an anastomosis, form a port in a vessel, or repair a diseased vessel lumen. Anastomoses are created by coupling a first connection to an end of a vessel and then attracting it to a second connector secured to the side wall of another vessel. The connection between the first and second connectors may be solidly magnetic, solely mechanical, or a combination thereof. Also disclosed are methods and devices for treating diseased vessel lumens, for example abdominal aortic aneurysm. A plurality of docking members is attached to the vessel at solicited positions, and then one or more grafts is secured to the docking members in any suitable manner.Type: ApplicationFiled: April 5, 2011Publication date: July 28, 2011Applicant: Medtronic, Inc.Inventors: A. Adam Sharkawy, J. Greg Stine, David H. Cole, Samuel Crews, Darin C. Gittings, Adam Kessler, Mark J. Foley
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Publication number: 20110145170Abstract: According to one embodiment of the invention, a financial instrument includes an account with an account balance that changes over time, wherein at least part of the account balance may be discretionarily withdrawn and wherein the initial account balance is based upon an initial deposit; a guarantee that a beneficiary may periodically receive a transfer of an amount of money for the life of a first designated party, wherein the transfer may be due to withdrawal from the account or due to benefit payments made to the beneficiary, provided that the amount may vary based upon withdrawals from the account in excess of a particular limit; and an option to modify the guarantee such that upon election the beneficiary may periodically receive the transfer of the amount of money for the longer of the life of the first designated party and the life of a second designated party.Type: ApplicationFiled: February 25, 2011Publication date: June 16, 2011Applicant: The Prudential Insurance Company of AmericaInventors: Peter C. Carlson, Mark J. Foley, Brent W. Walder
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Patent number: 7938841Abstract: Anastomotic components may be attached to hollow bodies or vessels by magnetic or mechanical force to create an anastomosis, form a port in a vessel, or repair a diseased vessel lumen. Anastomoses are created by coupling a first connection to an end of a vessel and then attracting it to a second connector secured to the side wall of another vessel. The connection between the first and second connectors may be solidly magnetic, solely mechanical, or a combination thereof. Also disclosed are methods and devices for treating diseased vessel lumens, for example abdominal aortic aneurysm. A plurality of docking members is attached to the vessel at solicited positions, and then one or more grafts is secured to the docking members in any suitable manner.Type: GrantFiled: September 14, 2006Date of Patent: May 10, 2011Assignee: Medtronic, Inc.Inventors: A. Adam Sharkawy, J. Greg Stine, David H. Cole, Samuel Crews, Darin C. Gittings, Adam Kessler, Mark J. Foley
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Patent number: 7899730Abstract: A data processing system for managing an annuity account includes one or more processors and one or more memory devices. The memory device(s) may store data indicating whether an option has been elected. In addition, the memory devices(s) may include logic, operable when executed by the one or more processors to calculate one or more fees. The fee(s) may be for a first provision entitling a beneficiary to monetary transfers for a duration of time extending for at least the life of a first designated party. In addition, the fee(s) may be for a second provision granting an option to modify the duration of time to extend for at least the longer of the life of the first designated party and the life of a second designated party. The logic may be further operable, when executed by the one or more processors, to determine whether the option has been elected.Type: GrantFiled: February 26, 2010Date of Patent: March 1, 2011Assignee: The Prudential Insurance Company of AmericaInventors: Peter C. Carlson, Mark J. Foley, Brent W. Walder
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Patent number: 7860791Abstract: According to one embodiment of the invention, a financial instrument issued to a customer includes an account and a guarantee of a protected value. The account has an account balance that changes over time, wherein at least part of the account balance is based on an initial deposit into the account. The protected value is fixed at the time of a particular event at a value at least equal to the greatest of the initial deposit, the account balance at the time of the particular event, and the highest value of the account balance on at least one anniversary of a customer specific date between the date of the initial deposit and the time of the particular event. The customer specific date is specific to the customer, determined no later than the time the financial instrument is issued, and independent of any transaction specific date related to the financial instrument.Type: GrantFiled: September 14, 2006Date of Patent: December 28, 2010Assignee: The Prudential Insurance Company of AmericaInventor: Mark J. Foley
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Publication number: 20100217627Abstract: A computer-implemented method for facilitating the management of a financial instrument includes determining an account balance for a financial account. The financial account includes an investment portfolio and a springing guarantee of an income base for a retirement income. The retirement income includes periodic monetary transfers to be commenced at a target retirement date. Each periodic monetary transfer has a respective value based on the income base. The springing guarantee of the income base may be activated on an activation date. The account balance is stored in memory of the data processing system. The stored account balance is periodically updated based at least in part on market performance of the investment portfolio. Using a computing system, the activation date is determined based at least in part on the target retirement date and the income base is determined. A respective value is outputted for each one of the periodic monetary transfers.Type: ApplicationFiled: April 28, 2010Publication date: August 26, 2010Applicant: The Prudential Insurance Company of AmericaInventors: Mark J. Foley, Leonard C. Steiner
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Publication number: 20100153141Abstract: According to one embodiment of the invention, a financial instrument includes an account with an account balance that changes over time, wherein at least part of the account balance may be discretionarily withdrawn and wherein the initial account balance is based upon an initial deposit; a guarantee that a beneficiary may periodically receive a transfer of an amount of money for the life of a first designated party, wherein the transfer may be due to withdrawal from the account or due to benefit payments made to the beneficiary, provided that the amount may vary based upon withdrawals from the account in excess of a particular limit; and an option to modify the guarantee such that upon election the beneficiary may periodically receive the transfer of the amount of money for the longer of the life of the first designated party and the life of a second designated party.Type: ApplicationFiled: February 26, 2010Publication date: June 17, 2010Applicant: The Prudential Insurance of CompanyInventors: Peter C. Carlson, Mark J. Foley, Barent W. Walder
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Patent number: 7698201Abstract: A financial instrument includes an account with an account balance that changes over time, wherein at least part of the account balance may be discretionarily withdrawn and wherein the initial account balance is based upon an initial deposit; a guarantee that a beneficiary may periodically receive a transfer of an amount of money for the life of a first designated party, wherein the transfer may be due to withdrawal from the account or due to benefit payments made to the beneficiary, provided that the amount may vary based upon withdrawals from the account in excess of a particular limit; and an option to modify the guarantee such that upon election the beneficiary may periodically receive the transfer of the amount of money for the longer of the life of the first designated party and the life of a second designated party.Type: GrantFiled: September 14, 2006Date of Patent: April 13, 2010Assignee: The Prudential Insurance Company of AmericaInventors: Peter C. Carlson, Mark J. Foley, Brent W. Walder
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Publication number: 20080287967Abstract: Systems for suturing a tissue layer having two sides with a suture be releasably retaining at least a portion of the suture in a stationary position on one side of the tissue layer. The portion of the suture is retrieved through the tissue layer from the opposite side whereby the suture is drawn from one side to the opposite side. Systems for suturing the wall of a tubular graft having two sides is also provided using a suture by releasably retaining at least a portion of the suture on one side of the wall. the portion of the length of suture is retrieved through the wall of the graft to the opposite side of the wall.Type: ApplicationFiled: July 30, 2008Publication date: November 20, 2008Applicant: Abbott LaboratoriesInventors: Bernard H. Andreas, Michael Barrett, Mark J. Foley, Brian gore, Lewis Isbell, Ronald Songer, James W. Vetter
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Patent number: 7445626Abstract: Systems for suturing a tissue layer having two sides with a suture be releasably retaining at least a portion of the suture in a stationary position on one side of the tissue layer. The portion of the suture is retrieved through the tissue layer from the opposite side whereby the suture is drawn from one side to the opposite side. Systems for suturing the wall of a tubular graft having two sides is also provided using a suture by releasably retaining at least a portion of the suture on one side of the wall. the portion of the length of suture is retrieved through the wall of the graft to the opposite side of the wall.Type: GrantFiled: December 16, 2003Date of Patent: November 4, 2008Assignee: Abbott LaboratoriesInventors: Ronald W. Songer, James W. Vetter, Enrique J. Klein, Bernard A. Andreas, Michael Barrett, Mark J. Foley, Brian Gore, Lewis Isbell, T. Daniel Gross, Tomoaki Hinohara
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Publication number: 20080082369Abstract: According to one embodiment of the invention, a financial instrument includes an account with an account balance that changes over time, wherein at least part of the account balance may be discretionarily withdrawn and wherein the initial account balance is based upon an initial deposit; a guarantee that a beneficiary may periodically receive a transfer of an amount of money for the life of a first designated party, wherein the transfer may be due to withdrawal from the account or due to benefit payments made to the beneficiary, provided that the amount may vary based upon withdrawals from the account in excess of a particular limit; and an option to modify the guarantee such that upon election the beneficiary may periodically receive the transfer of the amount of money for the longer of the life of the first designated party and the life of a second designated party.Type: ApplicationFiled: September 14, 2006Publication date: April 3, 2008Inventors: Peter C. Carlson, Mark J. Foley, Brent W. Walder
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Publication number: 20080071679Abstract: According to one embodiment of the invention, a financial instrument issued to a customer includes an account and a guarantee of a protected value. The account has an account balance that changes over time, wherein at least part of the account balance is based on an initial deposit into the account. The protected value is fixed at the time of a particular event at a value at least equal to the greatest of the initial deposit, the account balance at the time of the particular event, and the highest value of the account balance on at least one anniversary of a customer specific date between the date of the initial deposit and the time of the particular event. The customer specific date is specific to the customer, determined no later than the time the financial instrument is issued, and independent of any transaction specific date related to the financial instrument.Type: ApplicationFiled: September 14, 2006Publication date: March 20, 2008Inventor: Mark J. Foley
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Publication number: 20080071655Abstract: According to one embodiment of the invention, a financial instrument includes a first tax-deferred account and first, second, and third guarantees. The first tax-deferred account has an account balance based in part on a deduction from wages paid to an employee. The first guarantee is a guarantee of a first protected value based upon a deposit growing at a minimum growth rate The second guarantee is a guarantee that a beneficiary may periodically receive a transfer of an amount of money for the life of the employee. The third guarantee is a guarantee that the first protected value may be transferred with the first tax-deferred account to a separate financial instrument including a second tax-deferred account, a fourth guarantee of a second protected value, and a fifth guarantee that a beneficiary may periodically receive a transfer of an amount of money for the life of the employee.Type: ApplicationFiled: September 14, 2006Publication date: March 20, 2008Inventors: Peter C. Carlson, George A. Castinetras, Mark J. Foley, Nakia A. Kearse, James I. Mahaney, Douglas S. McIntosh, Richard G. Phipps, Brian Picard, Brent W. Walder
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Patent number: 7241300Abstract: Anastomotic components may be attached to hollow bodies or vessels by magnetic or mechanical force to create an anastomosis, form a port in a vessel, or repair a diseased vessel lumen. Anastomoses are created by coupling a first connection to an end of a vessel and then attracting it to a second connector secured to the side wall of another vessel. The connection between the first and second connectors may be solidly magnetic, solely mechanical, or a combination thereof. Also disclosed are methods and devices for treating diseased vessel lumens, for example abdominal aortic aneurysm. A plurality of docking members is attached to the vessel at solicited positions, and then one or more grafts is secured to the docking members in any suitable manner.Type: GrantFiled: May 23, 2003Date of Patent: July 10, 2007Assignee: Medtronic, Inc,Inventors: A. Adam Sharkawy, J. Greg Stine, David H. Cole, Samuel Crews, Darin C. Gittings, Adam Kessler, Mark J. Foley