
[Federal Register: June 3, 2010 (Volume 75, Number 106)]
[Notices]               
[Page 31480-31481]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr03jn10-94]                         

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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: Rule 12h-1(f); OMB Control No. 3235-0632; SEC File No. 270-
570.

    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

[[Page 31481]]

Management and Budget for extension and approval.
    Rule 12h-1(f) (17 CFR 240.12h-1) provides an exemption from the 
registration requirements of the Securities Exchange Act of 1934 for 
compensatory employee stock options of issuers that are not required to 
file periodic reports under the Exchange Act and that have 500 or more 
option holders and more than $10 million in assets at its most recently 
ended fiscal year. The information required under filed Rule 12h-1 is 
not filed with the Commission. Rule 12h-(f) permits issuers to provide 
the required information (other than the issuer's books and records) to 
the option holders and holders of share received on exercise of 
compensatory employee stock options either by: (i) physical or 
electronic delivery of the information; and (ii) notice to the option 
holders and holders of shares received on exercise of compensatory 
employee stock options of the availability of the information on a 
password-protected Internet site. We estimate that it takes 
approximately 2 burden hours per response to provide the information 
required under Rule 12h-1 and that the information is filed by 
approximately 40 respondents. We estimate that 25% of the 2 hours per 
response (5 hours) is prepared by the company for a total annual 
reporting burden of 80 hours (.5 hours per response x 40 responses).
    Written comments are invited on: (a) Whether this proposed 
collection of information is necessary for the 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 comment to Charles Boucher, Director/
CIO, Securities and Exchange Commission, C/O Shirley Martinson, 6432 
General Green Way, Alexandria, Virginia 22312; or send an e-mail to: 
PRA_Mailbox@sec.gov.

    Dated: May 26, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-13331 Filed 6-2-10; 8:45 am]
BILLING CODE 8010-01-P

