Patents by Inventor Steven R. Halperin

Steven R. Halperin 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).

  • Methods and systems for providing preferred income equity replacement securities
    Publication number: 20140222715
    Abstract: In one aspect, the invention comprises a method comprising issuing perpetual preferred securities that provide non-cumulative dividends with a fixed liquidation preference; wherein valuation of the securities upon redemption or conversion is based on market value of a specified number of common shares, and wherein the securities are operable to receive treasury stock method accounting. In various embodiments: (1) the securities receive C or D Basket treatment from Moody's; (2) the securities receive treasury stock method accounting because, upon conversion or redemption, common shares are issued only with respect to the valuation of the securities in excess of the fixed liquidation preference; and (3) upon conversion or redemption the number of common shares is equal to (A×B?C)/B, where A=a conversion rate, B=price per share of the common shares, and C=the fixed liquidation preference.
    Type: Application
    Filed: January 28, 2014
    Publication date: August 7, 2014
    Applicant: Barclays Capital, Inc.
    Inventors: Michael Sherman, Steven R. Halperin, Paul Robinson
  • Methods and systems for providing preferred income equity replacement securities
    Patent number: 8676688
    Abstract: In one aspect, the invention comprises a method comprising issuing perpetual preferred securities that provide non-cumulative dividends with a fixed liquidation preference; wherein valuation of the securities upon redemption or conversion is based on market value of a specified number of common shares, and wherein the securities are operable to receive treasury stock method accounting. In various embodiments: (1) the securities receive C or D Basket treatment from Moody's; (2) the securities receive treasury stock method accounting because, upon conversion or redemption, common shares are issued only with respect to the valuation of the securities in excess of the fixed liquidation preference; and (3) upon conversion or redemption the number of common shares is equal to (A×B?C)/B, where A=a conversion rate, B=price per share of the common shares, and C=the fixed liquidation preference.
    Type: Grant
    Filed: June 20, 2006
    Date of Patent: March 18, 2014
    Assignee: Barclays Capital, Inc.
    Inventors: Michael Sherman, Steven R. Halperin, Paul Robinson