
[Federal Register: August 25, 2010 (Volume 75, Number 164)]
[Notices]               
[Page 52378]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr25au10-114]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; 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'') has submitted to the Office of Management 
and Budget this request for extension of the previously approved 
collection of information discussed below.
    Rule 12h-1(f) (17 CFR 240.12h-1(f)) 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 Rule 12h-1(f) is not 
filed with the Commission. Rule 12h-1(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; or (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 and any password needed to access the 
information. We estimate that it takes approximately 2 burden hours per 
response to provide the information required under Rule 12h-1(f) and it 
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).
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid control number.
    Written comments regarding the above information should be directed 
to the following persons: (i) Desk Officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503 or send an e-mail to: Shagufta_
Ahmed@omb.eop.gov and (ii) Charles Boucher, Director/CIO, Securities 
and Exchange Commission, C/O Shirley Martinson, 6423 General Green Way, 
Alexandria, Virginia 22312; or send an e-mail to: PRA_Mailbox@sec.gov. 
Comments must be submitted to OMB within 30 days of this notice.

    Dated: August 18, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-21032 Filed 8-24-10; 8:45 am]
BILLING CODE 8010-01-P

