Federal Register / Vol. 75, No. 89 / Monday, May 10, 2010 / Notices 25895 

13 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 March 2008 

and in October 2009 was expanded and extended 

through December 31, 2010. See Securities 

Exchange Act Release Nos. 57579 (March 28, 2008), 

73 FR 18587 (April 4, 2008)(SR–NASDAQ–2008– 

026)(notice of filing and immediate effectiveness 

establishing Penny Pilot); 60874 (October 23, 2009), 

74 FR 56682 (November 2, 2009)(SR–NASDAQ– 

2009–091)(notice of filing and immediate 

effectiveness expanding and extending Penny 

Pilot); 60965 (November 9, 2009), 74 FR 59292 

(November 17, 2009)(SR–NASDAQ–2009– 

097)(notice of filing and immediate effectiveness 

adding seventy-five classes to Penny Pilot); and 

61455 (February 1, 2010), 75 FR 6239 (February 8, 

2010)(SR–NASDAQ–2010–013)(notice of filing and 

immediate effectiveness adding seventy-five classes 

to Penny Pilot). 

4See Chapter VI, Section 5 regarding the Penny 

Pilot. 

5See Securities Exchange Act Release No. 60874 

(October 23, 2009), 74 FR 56682 (November 2, 2009) 

(SR–NASDAQ–2009–091) (notice of filing and 

immediate effectiveness). 

available publicly. All submissions 

should refer to File Number SR– 

NYSEArca–2010–35 and should be 

submitted on or before June 1, 2010. 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.13

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–10967 Filed 5–7–10; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–62029; File No. SR– 

NASDAQ–2010–053] 

Self-Regulatory Organizations; Notice 

of Filing and Immediate Effectiveness 

of a Proposed Rule Change by the 

NASDAQ Stock Market LLC 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, The NASDAQ Stock Market LLC 

(‘‘Nasdaq’’) 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 Nasdaq. 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 

Nasdaq is filing with the Securities 

and Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’) a proposal for the 

NASDAQ Options Market (‘‘NOM’’ or 

‘‘Exchange’’) 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 from Nasdaq’s website at 

http://nasdaq.cchwallstreet.com/ 

Filings/, at Nasdaq’s principal office, 

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, 

Nasdaq 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. Nasdaq 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. 


jlentini on DSKJ8SOYB1PROD with NOTICES
25896 Federal Register / Vol. 75, No. 89 / Monday, May 10, 2010 / Notices 

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 

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

215 ............ XLP Consumer Staples Select Sector SPDR Fund 274 .... SEED Origin Agritech Ltd. 

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 

Nasdaq does not believe that the 

proposed rule change will result in any 

burden on competition that is 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 

Written comments were neither 

solicited nor 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 Nasdaq 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–NASDAQ–2010–053 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–NASDAQ–2010–053. 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 

Nasdaq. 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–NASDAQ–2010–053 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. 2010–10965 Filed 5–7–10; 8:45 am] 

BILLING CODE 8010–01–P 


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