Federal Register / Vol. 75, No. 247 / Monday, December 27, 2010 / Notices 81319 

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 http:// 

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 

Product Change—Priority Mail 

Negotiated Service Agreement 

AGENCY: Postal ServiceTM. 

ACTION: Notice. 

SUMMARY: 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 http:// 

www.prc.gov, Docket Nos. MC2011–11, 

CP2011–47. 

Neva R. Watson, 

Attorney, Legislative. 

[FR Doc. 2010–32374 Filed 12–23–10; 8:45 am] 

BILLING CODE 7710–12–P 

POSTAL SERVICE 

Product Change—Priority Mail 

Negotiated Service Agreement 

AGENCY: Postal ServiceTM. 

ACTION: Notice. 

SUMMARY: 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 31 to Competitive Product 

List. Documents are available at http:// 

www.prc.gov, Docket Nos. MC2011–10, 

CP2011–46. 

Neva R. Watson, 

Attorney, Legislative. 

[FR Doc. 2010–32375 Filed 12–23–10; 8:45 am] 

BILLING CODE 7710–12–P 

POSTAL SERVICE 

Product Change—Priority Mail 

Negotiated Service Agreement 

AGENCY: Postal ServiceTM. 

ACTION: Notice. 

SUMMARY: 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 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 http:// 

www.prc.gov, Docket Nos. MC2011–9, 

CP2011–44. 

Neva R. Watson, 

Attorney, Legislative. 

[FR Doc. 2010–32377 Filed 12–23–10; 8:45 am] 

BILLING CODE 7710–12–P 

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. 


erowe on DSK5CLS3C1PROD with NOTICES
81320 Federal Register / Vol. 75, No. 247 / Monday, December 27, 2010 / Notices 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3 15 U.S.C. 78s(b)(1). 

4 17 CFR 240.19b–4. 

5This 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). 

6Total return measures performance (rate of 

return) of price appreciation plus dividends over a 

given evaluation period. 

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. 

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 http://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 

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 

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 


erowe on DSK5CLS3C1PROD with NOTICES