JP2001256352A - System and method for stock option - Google Patents

Abstract

PROBLEM TO BE SOLVED: To solve the problem that it is difficult to give a sufficient incentive to, for example, an agent having made a franchise contract since a conventional stock option is limited to the executives and employees of a company issuing shares and the employees of subsidiary companies of the company but not applicable to the agent and also quick response can not be expected because of its strict procedure. SOLUTION: Shares are rented on special condition that a union called a stock option group is established and may sell the shares by paying a certain amount of money from a large stockholder. The group consists of members to be given an incentive and the members are given the option right to sell a certain number of shares or buy shares by a certain amount. Member information, the special contract, and the agreement of the group are stored; when a member makes a request to use the option right to sell shares, it is decided whether or not the shares may be sold according to the stored member information, special contract, and agreement, the shares are sold by the group, and part or the whole of the selling profit corresponding to the sold shares is distributed to the members.

Description

DETAILED DESCRIPTION OF THE INVENTION

[0001]

The present invention relates to the handling of stocks, and more particularly to a system and method for performing stock options.

[0002]

2. Description of the Related Art It is known to use stocks to give officers and employees of a company incentives for improving business performance.
This system is called a stock option system, and when the stock price rises, the profits of the rise are returned to executives and employees.

Conventionally known methods include a treasury stock method, a stock acquisition right method, a warrant bond method, and the like. All of these are intended for executives and employees of the company, or only for subsidiaries. In the treasury method, the company needs to acquire its own shares. That is, an acquisition fund for that purpose is required. Also, under the stock acquisition rights method, it is necessary to issue new shares. This entails diluting the stock value and increasing the dividend burden to increase the number of shares. In the warrant bond method, it is necessary to issue corporate bonds. In addition, if warrants are exercised, new shares will be issued, and there is also concern that the value of shares will be diluted.

In the treasury stock method and the stock acquisition right method, a resolution at a general meeting of shareholders is required, and the warrant bond method involves complicated procedures for issuing bonds. As described above, the procedure was complicated.

[0005] It should be noted that such a system for handling stocks is not a stock option, but a "security data processing system" (Japanese Patent Application Laid-Open No. 61-1) related to stock trading.
No. 83776 (Japanese Patent No. 2587615).

[0006]

[Problems to be Solved by the Invention] The stock options can be applied not only to the officers and employees of the company but also to those who contribute to the improvement of business results, such as non-capital sales agents who handle the company's products. There is a demand to strengthen sales networks by providing incentives for business results. Another option is to use stock options to secure the best talent in recruiting. However, in the treasury stock method and the stock acquisition rights method, the target is limited to its own officers and employees, and in the warrant bond method, only subsidiaries are eligible for the target, so it is impossible to give incentives to companies with no capital relationship. It was possible. On the other hand, when a flexible response is required such as recruiting, simplification is also required in the procedural aspect.
In addition, the treasury stock method requires a large amount of funds, and there is a disadvantage in that the company is at risk of falling stock prices.

[0007] Accordingly, it is an object of the present invention to provide a stock option system which does not limit an incentive target and has a relatively simple procedure.

[0008]

[Means for Solving the Problems] An option to borrow a certain number of share certificates from a major shareholder as a union, and to sell a certain number of shares to each member for the borrowed share certificates to obtain part or all of the gain on sale Is a system implemented by using a computer, and includes member information including information for specifying a member, the number of shares held by each member, and attribute data on the member and / or the option right. And a request for referring to the storage unit in response to the request for exercise of the option right by the member, determining whether the option right can be exercised, and instructing the sale when possible. Receiving means and, in response to the sale of the stock, deciding the distribution of the sale price and the gain on sale for each member, and updating the number of shares of the stock certificate for each member in the storage unit; And an option rights execution means for.

[0009]

FIG. 1 is a block diagram showing an embodiment of the present invention. As shown in the figure, this embodiment has an input unit 1 having a keyboard 2, an output unit 3 having a display 4 and a printer 5, a member management processing unit 7 executed by software, and a stock option right exercise request reception processing unit 8; A processing unit 6 including a stock option right execution processing unit 9 and an expiration settlement unit 10; a storage unit 11 including a member management table 12, a right grant table 13, a stock certificate management table 14, and a sale breakdown table 15; It is a system having. In this specification, the stock option right and the option right are synonymous, and are simply referred to as an option right when simply expressed as a right.

Before describing these details, an outline of the present embodiment will be described with reference to FIGS. 20, 21 and 22. FIG. In the present embodiment, stock options are implemented using an organization called a stock option association. The stock options association is a civil union and members will participate as union members. Here, a major shareholder lends a number of shares to a stock option association. Even if the member borrows the shares of company A, the member can be not only the officers and employees of company A, but also, for example, a president or an employee of a sales company that has no capital relationship with company A. Therefore, Company A can share its interests with the franchisee that has a franchise agreement with the company, and can provide incentives to the franchisee. That is, the option meeting makes the person who wants to give an incentive a member (union member).

[0011] The Stock Option Association gives the major shareholder a cash equivalent to a contract price (a strike price, which is a fixed stock price determined based on the stock price at the time of borrowing the stock certificate) instead of returning the stock certificate. They can repay or refund the borrowed stock to major shareholders. As long as the association holds the share certificate, the name of the share certificate may not be rewritten and the name may remain as a major shareholder (a special agreement to change the name to the chairman of the stock option association is of course possible) . For example, a contract period of three years or five years is determined. Such a contract between a major shareholder and the stock option association is called a special stock consumption loan agreement. The number of major shareholders is not limited to one or one, but may be multiple.

A stock option association (hereinafter simply referred to as an association) gives each member the right to sell a certain number of shares to gain a sale or to purchase shares. This is called an option right. The former is called capital gain-type exercise, and the latter is cash-type exercise. Therefore, during the term of the contract, members can instruct the stock option association to sell stock certificates, receive capital gains,
At maturity (a special agreement is possible at any time during the term), members can, if desired, redeem stock certificates by paying a strike price.

[0013] The association may prohibit the exercise of stock option rights during the initial fixed period of the contract (for example, six months or one year), and then allow the exercise of the stock option right during the contract period, Can also be recognized from. In this embodiment, the former is adopted. In any case, the stock option right cannot be exercised after the contract period. Further, it is possible to make a meeting agreement that the stock option right cannot be exercised unless the stock price rises above a certain contract price (for example, 120%). However, in the present embodiment, it can be exercised regardless of the stock price. Furthermore, when the stock price rises, for example, by 120% of the contract price, for example, 1
It is conceivable that 10% is paid to the lender and the rest is used as the member's capital gain, and that the lender only needs to return the special price, but in this embodiment, the latter is used.

In FIG. 20, Company A is involved in the administration / management of the association, such as the appointment of directors of the association, and also contributes operating expenses including rent to major shareholders of the association (the burden of members who are originally union members). Lending deposits to the association. The association receives shares from the major shareholders and pays rent to the major shareholders. In addition, cash collateral for stock borrowing will be provided. This is not necessary if major shareholders are not needed. In this example, assuming that the special contract price is 100, for example, 70% of collateral is to be entered. That is, Company A provides a loan equivalent to 70 to the association, and the association uses the borrowed money as a deposit for the major shareholder.

Next, a schematic diagram when the member exercises the capital gain type will be described with reference to FIG. If the member requests the sale of some or all of the shares, the association sells shares borrowed on the stock market through a securities company,
Receive the sale price, for example, 120 per share. Of these, 30 will be paid to the major shareholders together with the deposit, so that the special price is reached. Major shareholders will not be obliged to return their deposit for the sale. On the other hand, the association will repay the portion of the debt borrowed from Company A that corresponds to the shares sold, and Company A will redeem the loan accordingly. The remaining 20 can be obtained by the member as capital gain. The above is a schematic diagram, and commissions, taxes, etc. are omitted and simplified.

FIG. 22 is a schematic diagram showing a case where the member selects the cash-type exercise. In this embodiment, it is assumed that cash-type exercise can be performed only at the time of maturity. When a member requests a cash-type exercise from the association, the association gives the member the share certificate of the member only. The member gives cash equivalent to the contract price to the association. At the meeting, cash is given to the major shareholders by the difference between the deposit and the contract price. When a major shareholder receives an additional receipt, the deposit will not be returned for that share. The Association will repay the borrowing for the stock certificate to Company A,
Company A redeems the loan for the stock certificate. As described above, by paying a special price instead of returning the borrowed stock certificate, the debt of returning the stock certificate can be eliminated.

Although not shown, at the time of expiration, a stock certificate that has not been subjected to capital gain-type exercise or cash-type exercise is returned to the major shareholder, and the corresponding deposit is returned to the association. And it is repaid to Company A.

As described above, the member can improve the performance of the company A and benefit from the rise in the stock price.

Next, FIG. 2 shows the member management table 12. The Stock Option Association selects members and allocates stocks with option rights to the number of shares corresponding to the members. This number of shares is the number of rights granted shares in FIG. Therefore, the member management table 12 has items of a member code number, a member address, a name, a member validity flag, a status / affiliation, and the number of rights granted shares. The member validity flag is for responding to withdrawal during the period, and the status / affiliation is for checking the period of time, for example, if an officer can buy or sell shares from ordinary people, it is limited. It is. The status / affiliation is attribute data on members. The member management table 12 is a table recorded from the input unit 1 and referred to as a database. The configuration of the table is not limited to this. For example, instead of the member validity flag, an address or the like may be deleted at the time of withdrawal, or other items in the present embodiment may be stored. .

The right grant table 13 shown in FIG. 3 is a record of information on stock option rights that summarizes contract conditions with stock lenders, terms and conditions of the association, etc., and is attribute data of option rights. This is referred to when exercising the option right or when outputting various forms. This table shows the stock, stock price, exercise price, date of grant, start of exercise period, end of exercise period, total number of shares granted, total number of rights granted, and number of shares that can be sold at one time. The upper limit value and the interval at which sale is possible are stored.
As described above, the contract period for borrowing stock certificates is five years, but the rights cannot be exercised in the first two years, and the rights can be exercised in the next three years. The upper limit and the interval at which it can be sold differ depending on the rules of the association, and there may be no limit at all.

FIG. 4 shows the stock certificate management table 14. This is a record of the stake of each member and the history of exercising the right. This stores the code number indicating the member, the initial number of shares, the number of shares already exercised, the number of shares already exercised, the date of exercise, the stock price on the date of exercise, and the number of shares remaining, which are the number of shares to which option rights were initially granted. This table has a format in which a new row is inserted if there is an update like the member code "001", but the practical method of creating the table does not matter.

FIG. 5 shows a sales breakdown table 15. This stores the stock sale history. Generally, the association has a request for sale from a plurality of members, and the association collectively requests the sale in the market. Therefore, the sales history of the association and its individual breakdown are stored. The sale breakdown table includes the number of shares to be sold, the sale date, the stock price on the sale date, the total sale price, the commission, and the tax. In FIG. 5, the breakdown by member is stored under the sale history as a meeting. However, there is a method in which the breakdown by member is stored as a sub-table. This table is used as a record of the operation of the association.

FIG. 10 shows the details of the member management processing section 7. This shows processing when there is a withdrawal. When the withdrawal code is entered (101), the member management table 12 is searched and the member column is checked (10).
2) The member validity flag is set to "0" (103). Next, the stock certificate management table 14 is searched (104), and the current number of shares is set to 0 (105).

FIG. 11 similarly shows the details of the member management processing section 7. When the initial grant of the option right to each member is completed and the creation of the member management table 12 and the right grant table 13 is completed (110), With reference to the member management table 12 and the right grant table 13 (111), "notice of completion of the stock option grant procedure" shown in FIG. 6 is output for each member (112). The "Notice of Completion of Stock Option Grant Procedure" includes the name of the stock to which the option was granted, the number of shares granted, the exercise price, and the exercise period, and will be issued in the name of the President of the Stock Option Association, but may be performed by a securities company (The same applies hereinafter). This allows members to confirm their rights. When the stock price reaches the desired value during the exercise period, the member will request the association to sell.

FIG. 12 shows the details of the member management processing unit 7, which reports the current status of the option right to each member at regular intervals, for example, once every three months.
After a certain period of time (121), the member management table 1
2. With reference to the right grant table 13 and the stock certificate management table 14 (122), "notification of stock options" shown in FIG. 8 is output (123). The “stock option notification” will be sent to the individual and will include the reporting period, the rights granted, the status of exercise up to this report, and the number of shares currently held. By being informed of the rights status regularly, each member can refer to what procedure to take next.

FIG. 13 is a diagram showing details of the stock option right exercise request reception processing section 8. When there is an option right exercise request (201), the member information and the number of shares desired to exercise the option right are temporarily stored in the memory or the storage unit 11 of the processing device 6 (202). It is checked whether the member is a valid member with reference to the member management table 12 (203). If it is an effective member, it is checked whether it is within the right exercising period with reference to the right grant table 13 (204). Next, member management table 1
It is checked whether it is an officer with reference to (2) (205). In the case of an executive, since there is a period during which trading of the company's stock is regulated, it is checked whether it is a trading period (206). Next, it is checked with reference to the right grant table 13 whether the number of shares can be sold at one time determined by the rules of the association or the sales interval is longer than the sales interval determined by the rules (207). If there is no such restriction, this step is deleted. If the above conditions are satisfied, it is checked whether the number is within the current number of shares (208). If so, in this embodiment, an instruction to sell the designated stock is issued (210). As mentioned earlier, the stock price is 12% of the contract price.
If there is a special agreement that the right can be exercised for the first time at 0% or more, a check is made as to whether the stock price satisfies the special agreement in step 209 indicated by a dotted line.

If a negative determination is made in each step, a sale rejection slip (not shown) is output (211), and the request is rejected. When an instruction to sell the stock is issued, the association collects the shares to be sold, and the association issues a separate sale request to a securities company to execute the sale. The above steps do not have to be performed in this order, and there is no problem even if the order is changed.

FIG. 14 is a detailed diagram of the stock option right execution processing section 9. When the securities company reports the sale (301), the processing step is executed. At this time, the next step is omitted depending on what kind of selling order has been placed from the stock option association. In other words, even if it takes a long time to report after all have been sold, there is no unsold. However, there is a possibility of unsold if you sell within a certain period and report any unsold as it is. In this case, the process of step 302 is required. In this embodiment, the processing is started from the sale from a plurality of persons in step 303 on the assumption that the goods can be sold. Allocate shares for sale in the order of application (30
4). However, an average selling price may be used instead. This step is especially relevant if you have unsold. Next, the sales amount for each individual member is calculated (305). Then, data on the number of shares to be sold and the amount of sale by member are created and written into the sale breakdown table 15 (306).

FIG. 15 is a detailed view of the stock option right execution processing unit 9. When there is a transfer of the proceeds from the securities company to the stock option association (401), the amount of capital gain distribution for each member is calculated (402). Then, the stock option association instructs each member to transfer the amount of capital gain (403). Next, (payment price-deposit) is calculated for payment to the stock lender, the payment amount to the lender is calculated, and the stock option association instructs the transfer to the stock lender (40).
4). Then, the amount of the loan redeemed to the company A, which is the lender of the lender's deposit, is calculated, and a transfer is instructed (405). Steps 402 to 405 need not be in this order. Next, the stock certificate management table 14 is updated (406) and recorded in the sale breakdown table 15 (40).
7). Next, "Notice of Exercise of Stock Option" shown in FIG. 7 is output for each member (408).

The "Notice of Exercise of Stock Option" in FIG. 7 includes the brand, the exercise date, the number of exercised shares, the total amount sold, the allocation amount obtained as capital gain, and the number of remaining shares. In this way, the results of exercising stock option rights are notified to individual members.

FIG. 16 shows details of the maturity settlement processing unit 10. The process is started before a certain period of expiration, for example, three months before expiration (501), and advance notice of expiration shown in FIG. 9 is output for each member. Here, we indicate whether we will exercise cash options or capital gain options, or will return the stock certificate to the lender without exercising the option without selecting either option. The procedure is being prompted (502).

The advance notification of the end of the exercise period of the stock option right shown in FIG. 9 includes information on the content of the grant, a notice of the end of the exercise period, procedures that can be adopted, and information on the current number of shares held. Each member will receive the notice and take the procedure at maturity. When the member selects the cash-type option right to be exercised, the process moves to a flow A in FIG.

In FIG. 17, when a member selects a cash-type option right to be exercised, the stock certificate management table 14 is searched (601), and an instruction list for passing the current number of shares held to each member is output (602). . When the member receives a deposit (603), (special contract price-deposit) is calculated, the total amount paid to the stock lender is calculated, and the transfer of the sum is instructed (604). In this way, the special contract was able to eliminate the share return obligation by paying the special contract price instead of returning the borrowed stock. Next, the amount of the loan redeemed by the company A is calculated and instructed to be transferred to the company A, which is the lender of the deposit deposited to the stock lender (60).
5). Thereafter, a notice (not shown) of the transfer of the stock certificate is output to each member (606). This includes at least information on the brand and the number of shares.

In FIG. 16, when the capital gain type exercise is selected (504), the processing shifts to the flow B of FIG. When the capital gain-type exercise is selected, in FIG. 18, the total number of the current number of shares of the applicant of the capital gain-type exercise is calculated with reference to the stock certificate management table 14 (7).
01). Then, an instruction is given to sell the stock (70
2). Upon receiving a report from the securities company (703),
The distribution money for each member is calculated (704), and a transfer to each member is instructed (705). Next, an additional payment amount other than the deposit to the stock lender is calculated and a transfer is instructed (706). This also eliminates the share refund obligation based on the special agreement. Then, in the same manner as described above, the amount of the loan redeemed by the company A is calculated for the company A, which is the lender of the deposit that has been passed to the lender of the stock, and the transfer is instructed (707).
Thereafter, a notice similar to the notice of the exercise of the capital gain type stock option right shown in FIG. 7 is output to each member (708). Here, the number of remaining shares is zero.

If neither is selected in FIG. 16 or if there is no notification, the processing shifts to the flow in FIG.
05). In this case, the stock price is generally lower than the strike price, and there is no merit in acquiring the stock certificate or selling the stock. In FIG. 19, when returning the borrowed stock certificate to the lender, the stock certificate management table 14 is searched and the number of borrowed shares to be returned is calculated (801).
Then, an instruction is given to return the target share certificate to the lender (8
02). If the stock certificate is returned, the deposit will be returned to the stock option association from the stock lender. Based on the returned deposit, instruct transfer to return the borrowed money in order to redeem the loan at Company A, the lender of the deposit (8)
03).

The structure of the table and the structure of the processing flow are not limited to those described above, and matters not directly related to the present invention are omitted.

Next, another embodiment will be described. In the above embodiment, the stock option association can borrow a stock certificate from a major shareholder and return it, but by paying a predetermined fixed amount instead of the returned stock certificate,
It had a special right to terminate the obligation to return stock certificates. The Association is a transaction that pays rent to major shareholders as consideration for borrowing stock certificates under such special agreements.

On the other hand, in the other embodiment, a major shareholder gives the stock option association the right to be able to conclude the sale of stock certificates according to the intention of the stock option association. This is a transaction that pays for the price. There is no act of borrowing stock here. When the Stock Option Association exercises its rights, it will be able to purchase the target stock from a major shareholder for a predetermined fixed amount. Such a scheme is also possible.

Processing and tables are the same as those in the previous embodiment, and will not be described here. In the above embodiment, the stock options are acquired in the form of borrowing a certain number of stock certificates at the beginning of the stock option meeting, whereas in this embodiment, the shares are acquired each time the rights are exercised. In the above embodiment, since the stock is borrowed in a lump, the management of the association is easy. This embodiment eliminates the need for a deposit as collateral.

Another embodiment will be described with reference to FIG. Here, the processing device 903 is a stock price information system 901.
Connected with, you can get stock information. Also, the input unit 90
4, an output unit 905, and a storage unit 902, and connected to a terminal (for example, a personal computer) of each member via a network 909. Here, the same parts as those in the first embodiment are omitted. The stock price monitoring unit 906 obtains stock price information from the stock price information system, and sends it to the notification creation unit 907 to the member in response to a request or periodically. Also, as described above, for example, the stock price is 120% of the strike price.
If there are any rules of the society that the option right can be exercised if the percentage is reached, it will be monitored whether the conditions have been met.
The member notification creating unit 907 edits information corresponding to the output in FIGS. 6 to 9 and transmits the information to each member via the network 909 at each timing. In addition, in response to a request from a member or periodically, the stock price monitoring unit 906 acquires the stock price of a stock handled by the association and transmits it to each member. Further, in the case where the exercise of the option right has the above-mentioned agreement for the rise of the stock price, information indicating that the condition for exercising the option right is satisfied is transmitted to each member in response to the output of the stock price monitoring unit 906.

Each member makes a request for exercising the option right through the network 909, and the request is held in the option right exercising request holding unit 908. Subsequent processing is substantially the same as in the first embodiment, and a description thereof will be omitted. Also, if each member wants to know the stock price of a certain stock,
09 can also be queried. In this way, it is possible to operate the meeting promptly with minimal human intervention as a whole system.

[0042]

As described above, according to the present invention, it is possible to provide a system capable of giving incentives not only to officers and employees but also to persons who have no capital relationship.

[Brief description of the drawings]

FIG. 1 is an overall configuration diagram of an embodiment of the present invention.

FIG. 2 is a diagram illustrating an example of a member management table according to an embodiment of the present invention.

FIG. 3 is a diagram illustrating an example of a right grant table according to an embodiment of the present invention.

FIG. 4 is a diagram showing an example of a stock certificate management table in one embodiment of the present invention.

FIG. 5 is a diagram showing an example of a sale breakdown table in one embodiment of the present invention.

FIG. 6 is a diagram showing an output example of a notice of completion of a stock option grant procedure in one embodiment of the present invention.

FIG. 7 is a diagram showing an output example of a notice of the exercise of a capital gain type stock option right in one embodiment of the present invention.

FIG. 8 is a diagram illustrating an output example of notification of a stock option according to an embodiment of the present invention.

FIG. 9 is an output example of a prior notification of the end of a stock option right exercising period in one embodiment of the present invention.

FIG. 10 is a diagram showing a flowchart of a part of a member management unit in one embodiment of the present invention.

FIG. 11 is a diagram showing a flowchart of another part of the member management unit in one embodiment of the present invention.

FIG. 12 is a diagram showing a flowchart of another part of the member management unit in one embodiment of the present invention.

FIG. 13 is a diagram showing a flowchart of a stock option right exercise request reception processing section in one embodiment of the present invention.

FIG. 14 is a diagram showing a flowchart of a part of a stock option right execution processing unit in one embodiment of the present invention.

FIG. 15 is a diagram showing a flowchart of another part of the stock option right execution processing unit in one embodiment of the present invention.

FIG. 16 is a diagram showing a flowchart of a part of an expiration settlement unit in one embodiment of the present invention.

FIG. 17 is a diagram showing a flowchart of another part of the expiration settlement unit in one embodiment of the present invention.

FIG. 18 is a diagram showing a flowchart of another part of the expiration settlement unit in one embodiment of the present invention.

FIG. 19 is a diagram showing a flowchart of another part of the expiration settlement unit in one embodiment of the present invention.

FIG. 20 is a diagram showing an outline of a stock option meeting of the present invention.

FIG. 21 is a diagram illustrating an example of a capital gain type exercise of an option right according to the present invention.

FIG. 22 is a diagram illustrating an example of a cash-based exercise of an option right according to the present invention.

FIG. 23 is an overall configuration diagram of another embodiment of the present invention.

[Explanation of symbols]

1: input unit, 2: keyboard, 3: output unit, 4: display, 5: printer, 6: processing device, 7: member management processing unit, 8: stock option right exercise request reception processing unit, 9: stock option right Execution processing unit, 10: maturity settlement processing unit, 11: storage unit, 12: member management table, 13: right grant table, 14: stock certificate management table, 15: sale breakdown table.

Claims (10)

[Claims] Claims 1. Member information including information for identifying a member,
The number of shares that have the option right to sell the share certificate for each member of the share certificate borrowed from the shareholder and obtain a gain on sale;
A storage unit for storing the attribute data relating to the member and / or the option right, and referring to the storage unit in response to the member requesting the exercise of the option right, to determine whether the option right can be exercised. Request accepting means for giving an instruction for sale when possible; and, in response to the sale of the stock, determining the distribution of the sale price and the profit for each member, and holding the stock certificate for each member in the storage unit. A stock option system comprising: option right executing means for updating a fraction. 2. Member information including information for identifying a member,
The number of shares that have the option right to sell the share certificate for each member of the share certificate borrowed from the shareholder and obtain a gain on sale;
A storage unit for storing the attribute data relating to the member and / or the option right, and referring to the storage unit in response to the member requesting the exercise of the option right, to determine whether the option right can be exercised. Request receiving means for instructing a sale when possible; and, in response to the sale of the stock, updating the number of shares of the stock certificate for each member in the storage unit and obtaining the amount to be paid to the stock lender. A stock option system comprising: option right executing means for issuing a payment instruction. 3. A system for borrowing share certificates of a certain number from a shareholder as a union, and giving each member the option to obtain a part or all of the gain on the sale by selling each member the specified number of shares. A storage unit for storing member information including information for specifying the member, the number of shares held by each member, and attribute data relating to the member and / or the option right, and the member has requested the exercise of the option right. Request receiving means for referring to the storage unit in response to the request to determine whether the option right can be exercised and instructing the sale when possible, and in response to the sale of the stock, Storage means for deciding the distribution of gains on sale for each member and updating the number of shares held by the member in the storage unit. Option system. 4. Member information including information for identifying a member,
A storage unit for storing, for each member, the share of the share certificate to which the right to sell and sell the share certificate has been granted by the shareholder, and attribute information relating to the member and / or the right to trade the share certificate; and the member exercising the right. Request receiving means for referring to the storage unit in response to the request to determine whether the right can be exercised and, when possible, instructing the sale or purchase of shares within the interest of the member; Trading execution means for deciding distribution for each member in response to the sale or purchase of stock based on a request from the member, and updating the share of the stock certificate for each member in the storage unit. Stock option system. 5. The stock option system according to claim 1, further comprising means for outputting a form recording the current status of the option right for each member. 6. The method according to claim 1, further comprising outputting information indicating a result of exercising a stock option right including an allocation amount of a gain on sale of shares of each member for each of said members.
The stock option system according to any one of the above. 7. A method for managing stock options by a computer, comprising: member information including information for identifying a member; and a stock certificate borrowed from a shareholder for each member during a period during which the stock certificate can be sold during the borrowing period. Storing the number of shares having an option right that can be sold to obtain part or all of the gain on sale; outputting a notice informing the member of the current status of the option right; and outputting the option right from the member. Determining whether to exercise the option under conditions including the number of shares that have the option right when the exercise of the share is requested; and determining the distribution of the proceeds and the gain on the sale in accordance with the sale of the shares. A stock option method comprising: 8. A method for executing a stock option using a computer, wherein member information including information for specifying a member, and a stock certificate borrowed from a shareholder for each member are sold to obtain a gain on sale. Storing the number of shares having option rights that can be exercised; storing a contract including a contract period with the lender of the stock certificate, a strike price that is a basis for the option right; and exercising the option right from the member. Determining whether to exercise the option right under the conditions including the above special contract and the number of remaining shares having the option right; and, in accordance with the sale of the shares, the distribution of the proceeds and the gain on the sale by member. A stock option method. 9. Outputting a prior notice of expiration of the exercise period of each option to each member just before the expiration of the borrowing period for each member; selling or exchanging shares at the request of the member; Instructing the member to purchase or return the stock to the lender. 10. A shareholder borrows a certain number of share certificates from a shareholder as a cooperative, and the cooperative satisfies the conditions of the borrowed share certificate including the period corresponding to the number of shares specified by each member constituting the union member during the borrowing period. When the member exercises the option right by selling the shares and gaining the gain on the sale, part or all of the number of shares to which the option right has been granted to the member is sold, and A stock option system characterized in that part or all is paid to the member.