25890 Federal Register / Vol. 75, No. 89 / Monday, May 10, 2010 / Notices 

8 17 CFR 200.30–3(a)(12). 

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

2 17 CFR 240.19b–4. 

3The Penny Pilot was established in January 2007 

and in October 2009 was expanded and extended 

through December 31, 2010. See Securities 

Exchange Act Release Nos. 55153 (January 23, 

2007), 72 FR 4553 (January 31, 2007) (SR–Phlx– 

2006–74) (notice of filing and approval order 

establishing Penny Pilot); 60873 (October 23, 2009), 

74 FR 56675 (November 2, 2009) (SR–Phlx–2009– 

91) (notice of filing and immediate effectiveness 

expanding and extending Penny Pilot); and 60966 

(November 9, 2009), 74 FR 59331 (November 17, 

2009) (SR–Phlx–2009–94) (notice of filing and 

immediate effectiveness adding seventy-five classes 

to Penny Pilot); and 61454 (February 1, 2010), 75 

FR 6233 (February 8, 2010) (SR–Phlx–2010–12) 

(notice of filing and immediate effectiveness adding 

seventy-five classes to Penny Pilot). 

4See Rule 1034 regarding the Penny Pilot. 

5See Securities Exchange Act Release No. 60873 

(October 23, 2009), 74 FR 56675 (November 2, 2009) 

(SR–Phlx–2009–91) (notice of filing and immediate 

effectiveness). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.8

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–10962 Filed 5–7–10; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–62028; File No. SR–Phlx– 

2010–65] 

Self-Regulatory Organizations; Notice 

of Filing and Immediate Effectiveness 

of Proposed Rule Change by NASDAQ 

OMX PHLX, Inc. To Add Seventy-Five 

Options Classes to the Penny Pilot 

Program 

May 4, 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 April 27, 

2010, NASDAQ OMX PHLX, Inc. 

(‘‘Phlx’’ or ‘‘Exchange’’) filed with the 

Securities and Exchange Commission 

(‘‘SEC’’ or ‘‘Commission’’) the proposed 

rule change as described in Items I, II, 

and III, 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 is filing with the 

Commission a proposal to designate 

seventy-five options classes to be added 

to the Penny Pilot Program (‘‘Penny 

Pilot’’ or ‘‘Pilot’’) on May 3, 2010.3 The 

Exchange is not proposing to amend any 

rule text, but simply administering or 

enforcing an existing rule.4

The text of the proposed rule change 

is available on the Exchange’s Web site 

at http:// 

nasdaqomxphlx.cchwallstreet.com/ 

NASDAQOMXPHLX/Filings/, 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 this filing is to 

identify the next seventy-five options 

classes to be added to the Penny Pilot 

effective May 3, 2010. 

In the Exchange’s immediately 

effective filing to extend and expand the 

Penny Pilot through December 31, 

2010,5 the Exchange proposed 

expanding the Pilot four times on a 

quarterly basis. Each such quarterly 

expansion would be of the next seventyfive most actively traded multiply listed 

options classes based on the national 

average daily volume (‘‘ADV’’) for the six 

months prior to selection, closing under 

$200 per share on the Expiration Friday 

prior to expansion; however, the month 

immediately preceding the addition of 

options to the Penny Pilot will not be 

used for the purpose of the six month 

analysis. Index option products would 

be included in the quarterly expansions 

if the underlying index levels were 

under 200. 

The Exchange is identifying, in the 

chart below, seventy-five options classes 

that it will add to the Penny Pilot on 

May 3, 2010, based on ADVs for the six 

months ending March 31, 2010. 

Nat’l ranking Symbol Security name Nat’l ranking Symbol Security name 

153 ............... XLV ............. Health Care Select Sector SPDR Fund 247 .............. JCP ............. JC Penney Co Inc. 

155 ............... CIEN ............ Ciena Corp ............................................ 248 .............. ACL ............. Alcon Inc. 

157 ............... AMLN .......... Amylin Pharmaceuticals Inc .................. 249 .............. STP ............. Suntech Power Holdings Co Ltd. 

158 ............... CTIC ............ Cell Therapeutics Inc ............................ 250 .............. TLB ............. Talbots Inc. 

159 ............... MDT ............ Medtronic Inc ......................................... 251 .............. SYMC .......... Symantec Corp. 

162 ............... TIVO ............ TiVo Inc ................................................. 253 .............. AMED .......... Amedisys Inc. 

163 ............... MNKD .......... MannKind Corp ..................................... 255 .............. TM ............... Toyota Motor Corp. 

171 ............... MDVN .......... Medivation Inc ....................................... 257 .............. HK ............... Petrohawk Energy Corp. 

176 ............... BRKB .......... Berkshire Hathaway Inc ........................ 258 .............. ENER .......... Energy Conversion Devices Inc. 

178 ............... APOL ........... Apollo Group Inc ................................... 259 .............. STT ............. State Street Corp. 

181 ............... BSX ............. Boston Scientific Corp ........................... 260 .............. BHP ............. BHP Billiton Ltd. 

185 ............... XLY ............. Consumer Discretionary Sel. Sec. 

SPDR Fund.

261 .............. NFLX ........... NetFlix Inc. 

188 ............... CLF ............. Cliffs Natural Resources Inc ................. 262 .............. LDK ............. LDK Solar Co Ltd. 

190 ............... ZION ............ Zions Bancorporation ............................ 263 .............. SPG ............ Simon Property Group Inc. 

194 ............... IOC .............. InterOil Corp .......................................... 264 .............. TIF ............... Tiffany & Co. 

197 ............... ITMN ........... InterMune Inc ........................................ 265 .............. BUCY .......... Bucyrus International Inc. 

204 ............... GME ............ GameStop Corp .................................... 266 .............. WAG ........... Walgreen Co. 

209 ............... XLK ............. Technology Select Sector SPDR Fund 268 .............. IP ................. International Paper Co. 

210 ............... AKS ............. AK Steel Holding Corp .......................... 271 .............. XME ............ SPDR S&P Metals & Mining ETF. 

212 ............... GRMN ......... Garmin Ltd ............................................ 272 .............. KGC ............ Kinross Gold Corp. 

213 ............... MRVL .......... Marvell Technology Group Ltd .............. 273 .............. EP ............... El Paso Corp. 

215 ............... XLP ............. Consumer Staples Select Sector SPDR 

Fund.

274 .............. SEED .......... Origin Agritech Ltd. 


jlentini on DSKJ8SOYB1PROD with NOTICES
Federal Register / Vol. 75, No. 89 / Monday, May 10, 2010 / Notices 25891 

6 15 U.S.C. 78f(b). 

7 15 U.S.C. 78f(b)(5). 

8 15 U.S.C. 78s(b)(3)(A)(i). 

9 17 CFR 240.19b–4(f)(1). 10 17 CFR 200.30–3(a)(12). 

Nat’l ranking Symbol Security name Nat’l ranking Symbol Security name 

216 ............... UNP ............. Union Pacific Corp ................................ 275 .............. WIN ............. Windstream Corp. 

220 ............... DTV ............. DIRECTV ............................................... 279 .............. DHI .............. DR Horton Inc. 

223 ............... WMB ........... Williams Cos Inc/The ............................ 280 .............. ADBE .......... Adobe Systems Inc. 

225 ............... MEE ............ Massey Energy Co ................................ 281 .............. PCX ............. Patriot Coal Corp. 

227 ............... CELG .......... Celgene Corp ........................................ 282 .............. SPWRA ....... SunPower Corp.

229 ............... GMCR ......... Green Mountain Coffee Roasters Inc ... 284 .............. LCC ............. US Airways Group Inc. 

231 ............... WDC ............ Western Digital Corp ............................. 285 .............. PRU ............. Prudential Financial Inc. 

234 ............... DAL ............. Delta Air Lines Inc ................................. 286 .............. LEN ............. Lennar Corp. 

235 ............... FXE ............. CurrencyShares Euro Trust .................. 287 .............. EWT ............ iShares MSCI Taiwan Index Fund. 

237 ............... COST .......... Costco Wholesale Corp ........................ 288 .............. KBH ............. KB Home. 

239 ............... MJN ............. Mead Johnson Nutrition Co .................. 289 .............. CREE .......... Cree Inc. 

240 ............... ALL .............. Allstate Corp/The .................................. 290 .............. SIRI ............. Sirius XM Radio Inc. 

241 ............... SII ................ Smith International Inc .......................... 291 .............. MMR ............ McMoRan Exploration Co. 

242 ............... RTN ............. Raytheon Co ......................................... 292 .............. CENX .......... Century Aluminum Co. 

243 ............... DVN ............. Devon Energy Corp .............................. 293 .............. GFI .............. Gold Fields Ltd. 

244 ............... MT ............... ArcelorMittal ..........................................

2. Statutory Basis 

The Exchange believes that its 

proposal is consistent with Section 6(b) 

of the Act 6 in general, and furthers the 

objectives of Section 6(b)(5) of the Act 7

in particular, in that it is designed to 

prevent fraudulent and manipulative 

acts and practices, to promote just and 

equitable principles of trade, to foster 

cooperation and coordination with 

persons engaged in facilitating 

transactions in securities, and to remove 

impediments to and perfect the 

mechanisms of a free and open market 

and a national market system, by 

identifying the options classes to be 

added to the Penny Pilot in a manner 

consistent with prior approvals and 

filings. 

B. Self-Regulatory Organization’s 

Statement on Burden on Competition 

The Exchange does not believe that 

the proposed rule change will impose 

any burden on competition not 

necessary or appropriate in furtherance 

of the purposes of the Act. 

C. Self-Regulatory Organization’s 

Statement on Comments on the 

Proposed Rule Change Received From 

Members, Participants, or Others 

No written comments were either 

solicited or received. 

III. Date of Effectiveness of the 

Proposed Rule Change and Timing for 

Commission Action 

Pursuant to Section 19(b)(3)(A)(i) of 

the Act 8 and Rule 19b–4(f)(1) 

thereunder,9 the Exchange has 

designated this proposal as one 

constituting a stated policy, practice, or 

interpretation with respect to the 

meaning, administration, or 

enforcement of an existing rule. 

At any time within 60 days of the 

filing of the proposed rule change, the 

Commission may summarily abrogate 

such rule change if it appears to the 

Commission that such action is 

necessary or appropriate in the public 

interest, for the protection of investors, 

or otherwise in furtherance of the 

purposes of the Act. 

IV. Solicitation of Comments 

Interested persons are invited to 

submit written data, views, and 

arguments concerning the foregoing, 

including whether the proposed rule 

change is consistent with the Act. 

Comments may be submitted by any of 

the following methods: 

Electronic Comments 

• Use the Commission’s Internet 

comment form (http://www.sec.gov/ 

rules/sro.shtml); or 

• Send an e-mail to rulecomments@sec.gov. Please include File 

Number SR–Phlx-2010–65 on the 

subject line. 

Paper Comments 

• Send paper comments in triplicate 

to Elizabeth M. Murphy, Secretary, 

Securities and Exchange Commission, 

100 F Street, NE., Washington, DC 

20549–1090. 

All submissions should refer to File 

Number SR–Phlx-2010–65. This file 

number should be included on the 

subject line if e-mail is used. To help the 

Commission process and review your 

comments more efficiently, please use 

only one method. The Commission will 

post all comments on the Commission’s 

Internet Web site (http://www.sec.gov/ 

rules/sro.shtml). Copies of the 

submission, all subsequent 

amendments, all written statements 

with respect to the proposed rule 

change that are filed with the 

Commission, and all written 

communications relating to the 

proposed rule change between the 

Commission and any person, other than 

those that may be withheld from the 

public in accordance with the 

provisions of 5 U.S.C. 552, will be 

available for Web site viewing and 

printing in the Commission’s Public 

Reference Room, 100 F Street, NE., 

Washington, DC 20549, on official 

business days between the hours of 10 

a.m. and 3 p.m. Copies of such filing 

also will be available for inspection and 

copying at the principal office of the 

Exchange. All comments received will 

be posted without change; the 

Commission does not edit personal 

identifying information from 

submissions. You should submit only 

information that you wish to make 

available publicly. All submissions 

should refer to File Number SR–Phlx2010–65 and should be submitted on or 

before June 1, 2010. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.10

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–10964 Filed 5–7–10; 8:45 am] 

BILLING CODE 8010–01–P 


jlentini on DSKJ8SOYB1PROD with NOTICES