Steven J Halperin

US Patent:

20060287938, Dec 21, 2006

Filed:

Jun 20, 2006

Appl. No.:

11/471915

Inventors:

Michael Sherman - Brooklyn NY, US
Steven Halperin - New York NY, US
Paul Robinson - New York NY, US

Assignee:

Lehman Brothers Inc. - New York NY

International Classification:

G06Q 40/00

US Classification:

705035000

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.

US Patent:

20070226115, Sep 27, 2007

Filed:

Jan 8, 2007

Appl. No.:

11/651375

Inventors:

Michael Sherman - Brooklyn NY, US
Steven Halperin - New York NY, US
Paul Robinson - New York NY, US
Erin Callan - New York NY, US
John Curran - Bronxville NY, US

Assignee:

Lehman Brothers Inc. - New York NY

International Classification:

G06Q 40/00

US Classification:

70503600R

Abstract:

In one aspect, the invention comprises a security that: (a) is tax deductible; (b) receives equity credit of 40-75% from Moody's and S&P; and (c) qualifies for net share settled accounting. In another aspect, the invention comprises a method comprising: (a) structuring a convertible security to be tax deductible; (b) structuring the convertible security to receive equity credit of 40-75% from Moody's and S&P; (c) structuring the convertible security to qualify for net share settled accounting; and (d) issuing the security.

US Patent:

59381426, Aug 17, 1999

Filed:

Sep 4, 1998

Appl. No.:

9/148600

Inventors:

Steven Halperin - Roslyn NY

International Classification:

B65H 1606

US Classification:

2424231

Abstract:

A sheet material roll control device that comprises a series of protrusions that periodically intersect with each other while the sheet material roll rotates. One set of protrusions are located on a base while another set of protrusions are located on a roll plate. The roll plate is designed to fit on the end of a spindle that sits inside the roll core. In addition, attached to the roll plate and surrounding the spindle is an insert that rests flush inside the roll core. This insert fills the gap between the roll core and the outer shell of the spindle. With this insert, when the roll rotates, the spindle rotates with the roll, causing the roll plate to turn and periodically intersect protrusions located on the base, causing the rolling rate of the roll to slow down.

US Patent:

20140222715, Aug 7, 2014

Filed:

Jan 28, 2014

Appl. No.:

14/166764

Inventors:

- New York NY, US
Steven R. Halperin - New York NY, US
Paul Robinson - New York NY, US

Assignee:

Barclays Capital, Inc. - New York NY

International Classification:

G06Q 40/06

US Classification:

705 36 R

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.