| US 7,539,642 B2 | ||
| Systems and methods for corporate share buyback | ||
| Terence S. Meehan, New York, N.Y. (US); Michael C. Wallach, Woodmere, N.Y. (US); and John F. Clayburg, Coon Rapids, Iowa (US) | ||
| Assigned to T.S. Meehan & Associates, LLC, New York, N.Y. (US) | ||
| Filed on Oct. 27, 2004, as Appl. No. 10/976,084. | ||
| Claims priority of provisional application 60/514700, filed on Oct. 27, 2003. | ||
| Prior Publication US 2005/0149427 A1, Jul. 07, 2005 | ||
| Int. Cl. G06Q 40/00 (2006.01) | ||
| U.S. Cl. 705—37 | 10 Claims |
| 1. A computer-implemented method for repurchasing a corporate stock at a price below a Volume Weighted Average Price (VWAP),
comprising executing computer program instructions by one or more processors for:
determining a VWAP for a trading period;
determining that the VWAP of the trading period is greater than a last closing price of the trading period;
dividing a mathematical difference between the VWAP and the last closing price by a weighting factor to derive a purchase
strength factor, wherein the weighting factor is determined by calculating a plurality of gap values based upon a mathematical
difference between an average stock price and a closing price for each of a plurality of prior time periods within a historical
trading window of time, identifying a predetermined number of largest gap values from the plurality of gap values, and then
averaging the predetermined number of largest gap values to determine the weighting factor;
multiplying the purchase strength factor and a predetermined number of shares to derive a buyback number of shares; and
generating a request to purchase the buyback number of shares of the corporate stock.
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