[Federal Register Volume 67, Number 207 (Friday, October 25, 2002)]
[Notices]
[Pages 65617-65618]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-27225]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-46620A; File No. SR-NYSE-2002-46]


Self-Regulatory Organizations; Notice of Filing of Proposed Rule 
Change by the New York Stock Exchange, Inc. Relating to Shareholder 
Approval of Equity Compensation Plans and the Voting of Proxies

October 21, 2002.

Correction

    In FR Document No. 02-26037, beginning on page 63486 in the issue 
for Friday, October 11, 2002, the word ``less'' in footnote 10 should 
be changed to ``greater.'' Footnote 10 should read as follows:

    \10\ For these purposes, a ``repricing'' means any of the 
following (or any other action that has the same effect as any of 
the following): (1) Amending the terms of an option after it is 
granted to lower its strike price; (2) any other action that is 
treated as a repricing under generally accepted accounting 
principles; and (3) canceling an option at a

[[Page 65618]]

time when its strike price is equal to or greater than the fair 
market value of the underlying stock, in exchange for another 
option, restricted stock, or other equity, unless the cancellation 
and exchange occurs in connection with a merger, acquisition, spin-
off or other similar corporate transaction. A cancellation and 
exchange described in clause (3) of the preceding sentence will be 
considered a repricing regardless of whether the option, restricted 
stock or other equity is delivered 2 simultaneously with the 
cancellation, regardless of whether it is treated as a repricing 
under generally accepted accounting principles, and regardless of 
whether it is voluntary on the part of the option holder.


    For the Commission by the Division of Market Regulation, 
pursuant to delegated authority.\1\
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    \1\ 17 CFR 200.30-2(a)(12).
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Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 02-27225 Filed 10-24-02; 8:45 am]
BILLING CODE 8010-01-P