
[Federal Register Volume 78, Number 157 (Wednesday, August 14, 2013)]
[Notices]
[Pages 49554-49555]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-19670]


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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 Management and 
Budget for extension and approval.
    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; 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(f) and that the information is filed by 
approximately 40 respondents. We estimate that 25% of the 2 hours per 
response (0.5 hours) is prepared by the company for a total annual 
reporting burden of 20 hours (0.5 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.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information

[[Page 49555]]

unless it displays a currently valid control number.
    Please direct your written comment to Thomas Bayer, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street, NE., Washington, DC 20549 or send an email 
to: PRA_Mailbox@sec.gov.

    Dated: August 8, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-19670 Filed 8-13-13; 8:45 am]
BILLING CODE 8011-01-P


