Federal Register / Vol. 71, No. 194 / Friday, October 6, 2006 / Notices 59157 

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

2 17 CFR 240.19b–4. 

3 15 U.S.C. 78s(b)(3)(A)(iii). 

4 17 CFR 240.19b–4(f)(6). 

contain all signatures of all Participants, 

and as many of such counterparts as 

shall together contain all such 

signatures shall constitute one and the 

same instrument. 

By lllllllllllllllll

AMERICAN STOCK EXCHANGE LLC. 

By lllllllllllllllll

NATIONAL STOCK EXCHANGE. 

By lllllllllllllllll

BOSTON STOCK EXCHANGE, INC. 

By lllllllllllllllll

NEW YORK STOCK EXCHANGE LLC. 

By lllllllllllllllll

CHICAGO BOARD OPTIONS 

EXCHANGE, INC. 

By lllllllllllllllll

NYSE ARCA, INC. 

By lllllllllllllllll

CHICAGO STOCK EXCHANGE, INC. 

By lllllllllllllllll

PHILADELPHIA STOCK EXCHANGE, 

INC. 

By lllllllllllllllll

NASDAQ STOCK MARKET LLC. 

[FR Doc. 06–8543 Filed 10–5–06; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meetings 

Notice is hereby given, pursuant to 

the provisions of the Government in the 

Sunshine Act, Pub. L. 94–409, that the 

Securities and Exchange Commission 

will hold the following meetings during 

the week of October 9, 2006: An Open 

Meeting will be held on Wednesday, 

October 11, 2006 at 10 a.m. in the 

Auditorium, Room LL–002, and Closed 

Meetings will be held on Wednesday, 

October 11, 2006 at 11 a.m. and 

Thursday, October 12, 2006 at 2 p.m. 

Commissioners, Counsels to the 

Commissioners, the Secretary to the 

Commission, and recording secretaries 

will attend the Closed Meetings. Certain 

staff members who have an interest in 

the matters may also be present. 

The General Counsel of the 

Commission, or his designee, has 

certified that, in his opinion, one or 

more of the exemptions set forth in 5 

U.S.C. 552b(c)(3), (5), (7), (9)(B) and (10) 

and 17 CFR 200.402(a)(3), (5), (7), (9)(ii), 

and (10) permit consideration of the 

scheduled matters at the Closed 

Meetings. 

Commissioner Atkins, as duty officer, 

voted to consider the items listed for the 

closed meeting in closed session. 

The subject matter of the Open 

Meeting on Wednesday, October 11, 

2006 will be: 

The Commission will hear oral argument 

in an appeal by James T. Patten from the 

decision of an administrative law judge. The 

law judge found that, during two separate 

periods in 2002 and 2003, Patten 

manipulated, and aided and abetted the 

manipulation of, the common stock price of 

Initio, Inc., formerly traded on the Nasdaq 

Small Cap Market. The law judge found that, 

through his conduct in placing orders to buy 

Initio shares for himself and on behalf of a 

customer, Patten violated Section 10(b) of the 

Securities Exchange Act of 1934 and Rule 

10b–5 thereunder. The law judge ordered 

Patten to cease and desist from committing, 

causing, and aiding and abetting violations of 

Section 10(b) and Rule 10b–5, ordered him 

to pay a $60,000 civil penalty, and barred 

him from association with any broker or 

dealer. Among the issues likely to be argued 

are whether Patten violated Section 10(b) of 

the Exchange Act and Rule 10b–5 thereunder 

in entering orders to buy Initio shares, and, 

if so, whether and to what extent sanctions 

should be imposed on him. 

The subject matter of the Closed 

Meeting scheduled for Wednesday, 

October 11, 2006 will be: Post-argument 

discussion. 

The subject matters of the Closed 

Meeting scheduled for Thursday, 

October 12, 2006 will be: Formal orders 

of investigation; institution and 

settlement of injunctive actions; 

institution and settlement of 

administrative proceedings of an 

enforcement nature; and an adjudicatory 

matter. 

At times, changes in Commission 

priorities require alterations in the 

scheduling of meeting items. 

For further information and to 

ascertain what, if any, matters have been 

added, deleted or postponed, please 

contact: The Office of the Secretary at 

(202) 551–5400. 

Dated: October 4, 2006. 

Nancy M. Morris, 

Secretary. 

[FR Doc. 06–8580 Filed 10–4–06; 3:55 pm] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–54543; File No. SR–Amex–

2006–92] 

Self-Regulatory Organizations; 

American Stock Exchange LLC; Notice 

of Filing and Immediate Effectiveness 

of a Proposed Rule Change Relating to 

the Exercise Deadline for Quarterly 

Options Series 

September 29, 2006. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 19(b)(4) thereunder,2

notice is hereby given that on 

September 25, 2006, the American Stock 

Exchange LLC (‘‘Amex’’ or ‘‘Exchange’’) 

filed with the Securities and Exchange 

Commission (‘‘Commission’’) the 

proposed rule change as described in 

Items I and II below, which Items have 

substantially been prepared by the 

Exchange. The Commission has 

designated this proposed rule change as 

non-controversial under Section 

19(b)(3)(A)(iii) of the Act 3 and Rule 

19b–4(f)(6) thereunder,4 which renders 

the proposed rule change effective upon 

filing with the Commission. 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 proposes to amend 

Amex Rule 980(c) to provide that 

options holders of quarterly options 

have until the expiration date to make 

a decision to exercise or not exercise an 

expiring option. The text of the 

proposed rule change is set forth below. 

Proposed new language is italicized. 

* * * * * 

American Stock Exchange LLC 

* * * * * 

Rule 980. Exercise of Option Contracts 

(a)–(b) No change. 

(c) Exercise cut-off time. Option 

holders have until 5:30 p.m. Eastern 

time (‘‘ET’’) on the business day 

immediately prior to the expiration date 

or, in the case of a Quarterly Options 

Series, on the expiration date, to make 

a final decision to exercise or not 

exercise an expiring option. For 

customer accounts, members and 

member organizations may not accept 

exercise instructions after 5:30 p.m. ET 

but have until 6:30 p.m. ET to submit 

a Contrary Exercise Advice. For noncustomer accounts, members and 

member organizations may not accept 

exercise instructions after 5:30 p.m. ET 

but have until 6:30 p.m. ET to submit 

a Contrary Exercise Advice if such 

member or member organization 

employs an electronic submission 

procedure with time stamp for the 

submission of exercise instructions by 

option holders. Consistent with 

Commentary .04, members and member 

organizations are required to submit a 

Contrary Exercise Advice by 5:30 p.m. 


cprice-sewell on PROD1PC66 with NOTICES