Proposed Collection; Comment Request, 81319-81320 [2010-32372]

Download as PDF Federal Register / Vol. 75, No. 247 / Monday, December 27, 2010 / Notices Commission to add a domestic shipping services contract to the list of Negotiated Service Agreements in the Mail Classification Schedule’s Competitive Products List pursuant to 39 U.S.C. 3642 and 3632(b)(3). DATES: December 27, 2010. FOR FURTHER INFORMATION CONTACT: Elizabeth A. Reed, 202–268–3179. SUPPLEMENTARY INFORMATION: The United States Postal Service® hereby gives notice that on December 16, 2010, it filed with the Postal Regulatory Commission a Request of the United States Postal Service to Add Express Mail Contract 10 to Competitive Product List. Documents are available at https:// www.prc.gov, Docket Nos. MC2011–12, CP2011–48. Neva R. Watson, Attorney, Legislative. [FR Doc. 2010–32373 Filed 12–23–10; 8:45 am] BILLING CODE 7710–12–P Postal Service notice of filing of a request with the Postal Regulatory Commission to add a domestic shipping services contract to the list of Negotiated Service Agreements in the Mail Classification Schedule’s Competitive Products List pursuant to 39 U.S.C. 3642 and 3632(b)(3). SUMMARY: DATES: December 27, 2010. FOR FURTHER INFORMATION CONTACT: Elizabeth A. Reed, 202–268–3179. The United States Postal Service® hereby gives notice that on December 16, 2010, it filed with the Postal Regulatory Commission a Request of the United States Postal Service to Add Priority Mail Contract 31 to Competitive Product List. Documents are available at https:// www.prc.gov, Docket Nos. MC2011–10, CP2011–46. SUPPLEMENTARY INFORMATION: Neva R. Watson, Attorney, Legislative. POSTAL SERVICE [FR Doc. 2010–32375 Filed 12–23–10; 8:45 am] Product Change—Priority Mail Negotiated Service Agreement BILLING CODE 7710–12–P POSTAL SERVICE Postal ServiceTM. Notice. AGENCY: ACTION: Postal Service notice of filing of a request with the Postal Regulatory Commission to add a domestic shipping services contract to the list of Negotiated Service Agreements in the Mail Classification Schedule’s Competitive Products List pursuant to 39 U.S.C. 3642 and 3632(b)(3). DATES: December 27, 2010. FOR FURTHER INFORMATION CONTACT: Elizabeth A. Reed, 202–268–3179. SUPPLEMENTARY INFORMATION: The United States Postal Service® hereby gives notice that on December 16, 2010, it filed with the Postal Regulatory Commission a Request of the United States Postal Service to Add Priority Mail Contract 32 to Competitive Product List. Documents are available at https:// www.prc.gov, Docket Nos. MC2011–11, CP2011–47. SUMMARY: AGENCY: ACTION: Postal ServiceTM. Notice. Postal Service notice of filing of a request with the Postal Regulatory Commission to add a domestic shipping services contract to the list of Negotiated Service Agreements in the Mail Classification Schedule’s Competitive Products List pursuant to 39 U.S.C. 3642 and 3632(b)(3). SUMMARY: DATES: December 27, 2010 FOR FURTHER INFORMATION CONTACT: Elizabeth A. Reed, 202–268–3179. POSTAL SERVICE The United States Postal Service® hereby gives notice that on December 15, 2010, it filed with the Postal Regulatory Commission a Request of the United States Postal Service to Add Priority Mail Contract 30 to Competitive Product List. Documents are available at https:// www.prc.gov, Docket Nos. MC2011–9, CP2011–44. Product Change—Priority Mail Negotiated Service Agreement Neva R. Watson, Attorney, Legislative. Neva R. Watson, Attorney, Legislative. [FR Doc. 2010–32374 Filed 12–23–10; 8:45 am] BILLING CODE 7710–12–P erowe on DSK5CLS3C1PROD with NOTICES Product Change—Priority Mail Negotiated Service Agreement [FR Doc. 2010–32377 Filed 12–23–10; 8:45 am] Postal ServiceTM. ACTION: Notice. AGENCY: VerDate Mar<15>2010 15:15 Dec 23, 2010 SUPPLEMENTARY INFORMATION: BILLING CODE 7710–12–P Jkt 223001 PO 00000 Frm 00116 Fmt 4703 Sfmt 4703 81319 SECURITIES AND EXCHANGE COMMISSION Proposed Collection; Comment Request Upon Written Request, Copies Available From: Securities and Exchange Commission, Office of Investor Education and Advocacy, Washington, DC 20549–0213. Extension: Form S–3; OMB Control No. 3235–0073; SEC File No. 270–61. Notice is hereby given that, pursuant to the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange Commission (‘‘Commission’’) is soliciting comments on the collection of information summarized below. The Commission plans to submit this existing collection of information to the Office of Management and Budget for extension and approval. Form S–3 (17 CFR 239.13) is used by issuers to register securities pursuant to the Securities Act of 1933 (15 U.S.C. 77a et seq.). Form S–3 gives investors the necessary information to make investment decisions regarding securities offered to the public. Form S– 3 takes approximately 459 hours per response and is filed by approximately 2,065 issuers annually. We estimate that 25% of the 459 hours per response (114.75 hours) is prepared by the issuer for a total annual reporting burden of 236,959 hours (114.75 hours per response × 2.065 responses). Written comments are invited on: (a) Whether this proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (b) the accuracy of the agency’s estimate of the burden imposed by the collection of information; (c) ways to enhance the quality, utility, and clarity of the information collected; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. Consideration will be given to comments and suggestions submitted in writing within 60 days of this publication. Please direct your written comments to Thomas Bayer, Chief Information Officer, Securities and Exchange Commission, C/O Remi Pavlik-Simon, 6432 General Green Way, Alexandria, Virginia 22312, or send an e-mail to: PRA_Mailbox@sec.gov. E:\FR\FM\27DEN1.SGM 27DEN1 81320 Federal Register / Vol. 75, No. 247 / Monday, December 27, 2010 / Notices Dated: December 20, 2010. Florence E. Harmon, Deputy Secretary. [FR Doc. 2010–32372 Filed 12–23–10; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–63575; File No. SR–Phlx– 2010–176] Self-Regulatory Organizations; NASDAQ OMX PHLX LLC; Notice of Filing of Proposed Rule Change Relating to Listing and Trading of Alpha Index Options December 17, 2010. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 2 thereunder, notice is hereby given that on December 10, 2010, NASDAQ OMX PHLX LLC (‘‘Phlx’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange, pursuant to Section 19(b)(1) of the Act 3 and Rule 19b-4 thereunder,4 proposes to amend certain of its rules to provide for the listing and trading of options on NASDAQ OMX Alpha Indexes SM (the ‘‘Alpha Indexes’’) on the Exchange’s electronic trading platform for options, Phlx XL.5 The text of the proposed rule change is available on the Exchange’s Web site at https://www.nasdaqtrader.com/ micro.aspx?id=PHLXRulefilings, at the principal office of the Exchange, and at the Commission’s Public Reference Room. II. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change In its filing with the Commission, the Exchange included statements 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 15 U.S.C. 78s(b)(1). 4 17 CFR 240.19b–4. 5 This proposal refers to ‘‘PHLX XL’’ as the Exchange’s automated options trading system. In May 2009 the Exchange enhanced the system and adopted corresponding rules referring to the system as ‘‘Phlx XL II.’’ See Securities Exchange Act Release No. 59995 (May 28, 2009), 74 FR 26750 (June 3, 2009) (SR–Phlx–2009–32). erowe on DSK5CLS3C1PROD with NOTICES 2 17 VerDate Mar<15>2010 15:15 Dec 23, 2010 Jkt 223001 concerning the purpose of and basis for the proposed rule change and discussed any comments it received on the proposed rule change. The text of these statements may be examined at the places specified in Item IV below. The Exchange has prepared summaries, set forth in sections A, B, and C below, of the most significant aspects of such statements. A. Self-Regulatory Organization’s Statement of the Purpose of, and Statutory Basis for, the Proposed Rule Change 1. Purpose The purpose of the proposed rule change is to permit the Exchange to list and trade cash-settled, European-style options on Alpha Indexes, a family of indexes developed by NASDAQ OMX Group, Inc. (‘‘Nasdaq’’). Alpha Indexes measure relative total returns of one underlying stock and one exchange traded fund share (‘‘ETF’’) underlying options which are also traded on the Exchange (each such combination of two components is referred to as an ‘‘Alpha Pair’’).6 Thus, an Alpha Index measures the relative total return of one stock and one ETF. The first component identified in an Alpha Pair (the ‘‘Target Component’’) is measured against the second component identified in the Alpha Pair (the ‘‘Benchmark Component’’). At this time the Exchange is requesting Commission approval to list and trade Alpha Index options only on the following Alpha Pairs: AAPL/SPY, AMZN/SPY, CSCO/SPY, F/SPY, GE/ SPY, GOOG/SPY, HPQ/SPY, IBM/SPY, INTC/SPY, KO/SPY, MRK/SPY, MSFT/ SPY, ORCL/SPY, PFE/SPY, RIMM/SPY, T/SPY, TGT/SPY, VZ/SPY and WMT/ SPY. The Exchange will not list Alpha Index options on other Alpha Pairs without filing a proposed rule change seeking Commission approval for the listing and trading of any such additional Alpha Pairs. Index Design and Calculation In order to calculate an Alpha Index, Nasdaq measures the total return performance of the Target Component relative to the total return performance of the Benchmark Component, based upon prices of transactions on the primary listing exchange of each underlying component. Any Target Component or Benchmark Component upon which an Alpha Index is based will meet the Exchange’s listing standards and options overlying them 6 Total return measures performance (rate of return) of price appreciation plus dividends over a given evaluation period. PO 00000 Frm 00117 Fmt 4703 Sfmt 4703 will already be listed and traded on the Exchange. Each Alpha Index will initially be set at 100.00. In order to calculate an Alpha Index, Nasdaq first calculates a daily total return for both the Target Component and the Benchmark Component of the Alpha Pair. For example, to calculate the daily total return today, the previous day’s closing market price for the component would be subtracted from today’s closing market price for the component to determine a price difference (the ‘‘Price Difference’’). The Price Difference would be added to any declared dividend if today were an ‘‘exdividend’’ date to yield the Price Plus Dividend Difference for the component. The Price Plus Dividend Difference for the component is then divided by the previous trading day’s closing market price for the component and the result is rounded, using simple rounding, to four decimal places to yield the total daily return. The total daily return for each component is then added to the whole number one (e.g., 0.0156 plus 1 equals 1.0156) which permits the ultimate Alpha Index to be expressed in percentage terms. This figure for the Target Component is then divided by the comparable figure for the Benchmark Component, and then multiplied by previous trading day’s closing Alpha Index value. The resulting level depicts the Target Component’s total return performance versus that of the previous trading day. The following example illustrates the Alpha Index calculation for ABC stock as against SPY.7 Step 1.) For both ABC and SPY, the previous trading day’s closing market price is subtracted from today’s closing market price with the result added to any dividend declared today as the ‘‘exdividend’’ date. For example, today’s closing price for ABC (214.01) minus the previous day’s closing price (210.73) equals 3.28. Today is not an ex-dividend date for ABC; therefore, nothing is added to 3.28. Similarly, today’s closing price for SPY (113.33) minus the previous trading day’s closing price (111.44) equals 1.89. Today is not an exdividend date for SPY; therefore, nothing is added to 1.89. Step 2.) The step one result is divided by the previous trading day’s closing market price and the new result is rounded, using simple rounding, to four decimal places to yield the daily total return. For ABC, 3.28 would be divided 7 Daily total return values and Alpha Index values will be updated based upon prices of each reported transaction in the primary listing market. In the example below, closing prices are used simply for purposes of illustration. E:\FR\FM\27DEN1.SGM 27DEN1

Agencies

[Federal Register Volume 75, Number 247 (Monday, December 27, 2010)]
[Notices]
[Pages 81319-81320]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-32372]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
    Form S-3; OMB Control No. 3235-0073; SEC File No. 270-61.

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
    Form S-3 (17 CFR 239.13) is used by issuers to register securities 
pursuant to the Securities Act of 1933 (15 U.S.C. 77a et seq.). Form S-
3 gives investors the necessary information to make investment 
decisions regarding securities offered to the public. Form S-3 takes 
approximately 459 hours per response and is filed by approximately 
2,065 issuers annually. We estimate that 25% of the 459 hours per 
response (114.75 hours) is prepared by the issuer for a total annual 
reporting burden of 236,959 hours (114.75 hours per response x 2.065 
responses).
    Written comments are invited on: (a) Whether this proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden imposed by the collection of information; (c) ways to 
enhance the quality, utility, and clarity of the information collected; 
and (d) ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    Please direct your written comments to Thomas Bayer, Chief 
Information Officer, Securities and Exchange Commission, C/O Remi 
Pavlik-Simon, 6432 General Green Way, Alexandria, Virginia 22312, or 
send an e-mail to: PRA_Mailbox@sec.gov.


[[Page 81320]]


    Dated: December 20, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-32372 Filed 12-23-10; 8:45 am]
BILLING CODE 8011-01-P
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