Federal Register / Vol. 71, No.
130 / Friday, July 7, 2006 / Notices
displays a currently valid control
number.
General 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 e-mail to:
David_Rostker@omb.eop.gov; and (ii) R.
Corey Booth, Director/Chief Information
Officer, 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. Comments must
be submitted to OMB within 30 days of
this notice.
Dated: June 29, 2006.
J. Lynn Taylor,
Assistant Secretary.
[FR Doc. E6–10638 Filed 7–6–06; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
In the Matter of AdZone Research, Inc.;
Order of Suspension of Trading
July 5, 2006.
It appears to the Securities and
Exchange Commission that there is a
lack of current and accurate information
concerning the securities of AdZone
Research, Inc. (‘‘AdZone’’), a Delaware
corporation headquartered in Calverton,
New York. Questions have arisen
regarding the accuracy of assertions by
AdZone, and by others, in press releases
and Internet postings to investors
concerning, among other things: (1) The
company’s contracts with two non-
profit organizations, (2) the nature and
extent of the orders that the company
has received for the sale of licenses of
its software products, and (3) the
company’s recent contributions to its
employee Incentive Stock Plan.
The Commission is of the opinion that
the public interest and the protection of
investors require a suspension of trading
in the securities of the above-listed
company.
Therefore, it is ordered, pursuant to
cprice-sewell on PROD1PC66 with NOTICES
section 12(k) of the Securities Exchange
Act of 1934, that trading in the above-
listed company is suspended for the
period from 9:30 a.m. EDT, July 5, 2006,
through 11:59 p.m. EDT, on July 18,
2006.
VerDate Aug<31>2005 15:46 Jul 06, 2006 Jkt 208001
38679
By the Commission.
Nancy M. Morris,
Secretary.
[FR Doc. 06–6082 Filed 7–5–06; 11:28 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–54052; File No. SR–
NYSEArca–2006–29]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Filing and
Immediate Effectiveness of Proposed
Rule Change To Extend the One Week
Option Series Pilot Program
June 27, 2006.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’) 1 and Rule 19b 4 thereunder,2
notice is hereby given that on June 16,
2006, NYSE Arca, Inc. (‘‘Exchange’’ or
‘‘NYSE Arca’’) filed with the Securities
and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I and II
below, which Items have been
substantially prepared by the Exchange.
NYSE Arca has designated this proposal
as non-controversial under Section
19(b)(3)(A)(iii) of the Act 3 and Rule
19b–4(f)(6) thereunder,4 which renders
the proposed rule change effective upon
filing with the Commission. 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 proposes to amend
NYSE Arca Rule 5.19(a)(3), ‘‘Terms of
Index Option Contracts,’’ and
Commentary .07 to NYSE Arca Rule 6.4,
‘‘Series of Options Open for Trading,’’ to
extend until July 12, 2007, its pilot
program for listing and trading One
Week Option Series (‘‘Pilot Program’’).
The text of the proposed rule change is
available on the Exchange’s Web site
(http://www.nysearca.com), at the
Exchange’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, the
Exchange included statements
concerning the purpose of, and basis for,
1 15
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 15 U.S.C. 78s(b)(3)(A)(iii).
4 17 CFR 240.19b–4(f)(6).
PO 00000 Frm 00082 Fmt 4703 Sfmt 4703
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 the proposed rule
change is to extend the Pilot Program for
an additional year, through July 12,
2007.5 The Pilot Program allows NYSE
Arca to list and trade One Week Option
Series, which expire one week after the
date on which a series is opened. Under
the Pilot Program, NYSE Arca may
select up to five approved option classes
on which One Week Option Series
could be opened.6 A series could be
opened on any Friday that is a business
day and would expire on the next
Friday that is a business day.7 If a
Friday were not a business day, the
series could be opened (or would
expire) on the first business day
immediately prior to that Friday.
For each class selected for the Pilot
Program, the Exchange usually would
open five One Week Option Series in
that class for each expiration date. The
strike price of each One Week Option
Series would be fixed at a price per
share, with at least two strike prices
above and two strike prices below the
value of the underlying security or
calculated index value at about the time
that the One Week Option Series is
opened. NYSE Arca will not open a One
5 The Commission approved the Pilot Program on
July 12, 2005. See Securities Exchange Act Release
No. 52013 (July 12, 2005), 70 FR 41471 (July 19,
2005) (SR–PCX–2005–32). Under NYSE Arca Rules
5.19 and 6.4, the Pilot Program is scheduled to
expire on July 12, 2006.
6 A One Week Option Series could be opened in
any option class that satisfied the applicable listing
criteria under NYSE Arca rules (i.e., stock options,
options on Exchange Traded Fund Shares as
defined under NYSE Arca Rule 5.3, or options on
indexes). The Exchange could also list and trade
One Week Option Series on any option class that
is selected by another exchange that employs a
similar pilot program.
7 One Week Option Series would be settled in the
same manner as the monthly expiration series in
the same class. Thus, if the monthly option contract
for a particular class were A.M.-settled, as most
index options are, the One Week Option Series for
that class also would be A.M.-settled; if the monthly
option contract for a particular class were P.M.-
settled, as most non-index options are, the One
Week Option Series for that class also would be
P.M.-settled. Similarly, One Week Option Series for
a particular class are physically settled or cash-
settled in the same manner as the monthly option
contract in that class.
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