September 16, 2005
Exchange
Bulletin
Volume 33, Number 37
The Constitution and Rules of the Chicago Board Options Exchange, Incorporated (“Exchange”), in certain specific instances,
require the Exchange to provide notice to the Exchange membership. To satisfy this requirement, a complimentary copy of the
Exchange Bulletin, including the Regulatory Bulletin, is delivered by hard copy or e-mail to all effective members on a weekly
basis.
CBOE members are encouraged to receive the Exchange and Regulatory Bulletin and Information Circulars via e-mail. E-mail
subscriptions may be obtained by submitting your name, firm if applicable, mailing address, e-mail address, and phone number, to
members@cboe.com, or, by contacting the Membership Department by phone, at 312-786-7449. There is no charge for e-mail
delivery of the Exchange and Regulatory Bulletin or for Information Circulars. If you do sign up for e-mail delivery, please remember to inform the Membership Department of e-mail address changes.
Additional subscriptions for hard copy delivery after the first complimentary copy may be obtained by submitting your name, firm
if any, mailing address, e-mail address and telephone number to: Chicago Board Options Exchange, Accounting Department, 400
South LaSalle, Chicago, Illinois 60605, Attention: Bulletin Subscriptions. The cost of an annual subscription (January 1 through
December 31) is $200.00 ($100.00 after July 1), payable in advance. The Exchange reserves the right to limit subscriptions by nonmembers.
For up-to-date Seat Market Quotes, call 312-786-7456 or refer to CBOE.com and click “Seat Market Information” under the “About
CBOE” tab. For access to the CBOE Member Web Site, please also notify the Membership Department by sending an e-mail to
members@cboe.com or by phone at 312-786-7449.
Copyright © 2005 Chicago Board Options Exchange, Incorporated
SEAT MARKET QUOTES AS OF FRIDAY, SEPTEMBER 16, 2005
CLASS
BID
CBOE
$625,000.00
OFFER
LAST SALE AMOUNT
$680,000.00
LAST SALE DATE
$675,000.00
September 14, 2005
CBOT FULL MEMBERSHIP
CLASS
BID
With CBOE Exercise Right
OFFER
$1,400,000.00
$2,075,000.00
Without CBOE Exercise Right
$0.00
$0.00
CBOE Exercise Right
$0.00
$100,000.00
LAST SALE AMOUNT
LAST SALE DATE
$1,900,000.00
September 16, 2005
N/A
June 20, 2005
$104,000.00
August 17, 2005
CBOE MEMBERSHIP SALES AND TRANSFERS
From
Mark D. Rothschild
David Schorvitz LLC
To
John T. Lundy
Richard E. Tobin
Price/Transfer
$600,000.00
$675,000.00
Date
9/14/05
9/14/05
Page 2
September 16, 2005
Volume 33, Number 37
Chicago Board Options Exchange
Information Circular IC05-123
Date:
September 15, 2005
To:
Membership
From:
Nominating Committee
Re:
Persons Who Have Submitted Their Names to Be Considered for Nomination to Board of Directors and
Nominating Committee
For each annual election, the Nominating Committee selects nominees to fill expiring terms on the Board of Directors and
Nominating Committee. To date, the individuals listed below have submitted their names to the Nominating Committee to be considered
for nomination to fill these positions for the 2005 annual election.
A candidate is required to satisfy the qualification criteria for the applicable position at the time of the Nominating Committee
slating meeting (currently scheduled for September 29, 2005) in order to be considered for nomination. Any candidate that does not
currently satisfy the qualification criteria may take steps to qualify before that time. A notation is included below after the name of each
candidate indicating whether that candidate currently satisfies the applicable qualification criteria (denoted with a Q), does not
currently satisfy the applicable qualification criteria (denoted with an N), or is being reviewed to determine whether or not the
candidate currently satisfies the applicable qualification criteria (denoted with an R).
Board of Directors
Floor Director
Lessor Director
Public Director
Edward Tilly (Q)
Richard Tobin (Q)
William Power (Q)
Robert Silverstein (Q)
Christopher Wheaton (N)
James Boris (Q)
Carole Stone (Q)
Eugene Sunshine (Q)
Mark Zurack (Q)
Nominating Committee
Firm Member
Floor Member
Lessor Member
Public Member
Peter Bottini (Q)
Dennis Carta (Q)
Richard Fuller (Q)
Sean Haggerty (Q)
Jeffrey Kirsch (Q)
J. Douglas Gray (Q)
Page 3
September 16, 2005
Volume 33, Number 37
Chicago Board Options Exchange
MEMBERSHIP INFORMATION FOR 9/8/05 THROUGH 9/14/05
MEMBERSHIPAPPLICATIONS RECEIVED FOR
WHICH A POSTING PERIOD IS REQUIRED
Individual Membership Applicants
Date Posted
John P. Kwilos, Nominee
Blue Capital Group LLC
1651 W. 38th Place
Chicago, IL 60609
9/13/05
Member Organization Applicants
Date Posted
Termination Date
9/12/05
David J. Masino (MSO)
Archelon LLC
13938 Cooper Way
Orland Park, IL 60467
EFFECTIVE MEMBERSHIPS
Individual Members
Peak6 Performance Management LLC
9/12/05
Michael Lossia, Nominee
141 W. Jackson, Suite 500
Chicago, IL 60604
Peak6 Performance Fund LLC - Member
Peak6 Investments LP - Member
Peak6 LLC - General Partner
Matthew N. Hulsizer - Partner
Jennifer J. Just - Partner
MEMBERSHIP LEASES
CBT Exercisers:
Effective Date
Frank L. Di Leonardo (DIO)
9/13/05
440 S. LaSalle, Suite 3100
Chicago, IL 60605
Type of Business to be Conducted: Market Maker
CBT Registered For:
Effective Date
Thomas J. Hess (TJH)
9/8/05
Centurion Securities, LLC
440 S. LaSalle, 19th Floor
Chicago, IL 60605
Type of Business to be Conducted: Market Maker
New Leases
Effective Date
Nominee(s) / Inactive Nominee(s):
Lessor: Michael A. Green
Lessee: SLK-Hull Derivatives LLC
Rate:
1.2393%
Term: Monthly
9/9/05
Terminated Leases
Termination Date
Evan M. Rigterink (EVN)
9/8/05
Belvedere Trading, LLC
401 S. LaSalle, Suite 205
Chicago, IL 60605
Type of Business to be Conducted: Market Maker
Lessor: Michael A. Green
Lessee: Saen Options USA Inc.
9/9/05
Lessor: William R. Power
Lessee: Consolidated Trading, LLC
9/12/05
Effective Date
Samuel Murante (SMT)
9/12/05
CMZ Trading, LLC
141 W. Jackson Blvd., Suite 3310
Chicago, IL 60604
Type of Business to be Conducted: Market Maker
MEMBERSHIP TERMINATIONS
JOINT ACCOUNTS
Individual Members
New Participants
Acronym
Effective Date
Evan M. Rigterink
QCF
9/8/05
Andrew D. Little
QIG
9/8/05
Andrew D. Little
QPX
9/8/05
Andrew D. Little
QZT
9/8/05
Scotlond T. Ernsting
QMD
9/9/05
Michael F. Fong
QMD
9/9/05
Jeffrey D. Ream
QMD
9/9/05
Max W. Sung
QMD
9/9/05
Scotlond T. Ernsting
QNA
9/9/05
Michael F. Fong
QNA
9/9/05
Jeffrey D. Ream
QNA
9/9/05
Max W. Sung
QNA
9/9/05
Scotlond T. Ernsting
QFS
9/9/05
Michael F. Fong
QFS
9/9/05
CBT Exercisers:
Termination Date
Geoffrey S. Gummersall (GUM)
440 S. LaSalle, Suite 1717
Chicago, IL 60605
9/9/05
Jeffrey D. Bower (GNR)
1201 W. Wrightwood Ave., #21
Chicago, IL 60614
9/12/05
Nominee(s) / Inactive Nominee(s):
Termination Date
William C. Carlson (BBC)
Belvedere Trading, LLC
440 S. LaSalle, Suite 615
Chicago, IL 60605
9/8/05
Timothy P. Gill (TPG)
PFTC LLC
440 S. LaSalle, Suite 650
Chicago, IL 60605
9/9/05
Davis J. Johnston (DJJ)
CMZ Trading, LLC
1907 N. Cleveland Ave., #E
Chicago, IL 60614-5215
9/12/05
Page 4
September 16, 2005
Volume 33, Number 37
Chicago Board Options Exchange
Terminated Participants
Acronym
Termination Date
William C. Carlson
QCF
9/8/05
Timothy P. Gill
QPT
9/9/05
Davis J. Johnston
QWQ
9/12/05
David J. Masino
QAR
9/12/05
David J. Masino
QKA
9/12/05
David J. Masino
QQT
9/12/05
David J. Masino
QRB
9/12/05
Terminated Accounts
Acronym
Termination Date
Richard S. Dooley
QMV
9/12/05
Jeffrey D. Ream
QFS
Effective Date
9/9/05
Max W. Sung
QFS
9/9/05
Scotlond T. Ernsting
QEW
9/9/05
Michael F. Fong
QEW
9/9/05
Jeffrey D. Ream
QEW
9/9/05
Max W. Sung
QEW
9/9/05
Scotlond T. Ernsting
QJY
9/9/05
Michael F. Fong
QJY
9/9/05
Jeffrey D. Ream
QJY
9/9/05
Max W. Sung
QJY
9/9/05
Scotlond T. Ernsting
QYH
9/9/05
CHANGES IN MEMBERSHIP STATUS
Michael F. Fong
QYH
9/9/05
Individual Members
Jeffrey D. Ream
QYH
9/9/05
Max W. Sung
QYH
9/9/05
Scotlond T. Ernsting
QUT
9/9/05
Michael F. Fong
QUT
9/9/05
Jeffrey D. Ream
QUT
9/9/05
Max W. Sung
QUT
9/9/05
Scotlond T. Ernsting
QYS
9/9/05
Michael F. Fong
QYS
9/9/05
Max W. Sung
QYS
9/9/05
Jeffrey D. Ream
QYS
9/9/05
Scotlond T. Ernsting
QVA
9/9/05
Michael F. Fong
QVA
9/9/05
Max W. Sung
QVA
9/9/05
Jeffrey D. Ream
QVA
9/9/05
Scotlond T. Ernsting
QPO
9/9/05
Michael F. Fong
QPO
9/9/05
Max W. Sung
QPO
9/9/05
Jeffrey D. Ream
QPO
9/9/05
Timothy J. Pirowski, Sr.
QXK
9/14/05
Effective Date
Daniel R. L’Italien
9/12/05
From:
Nominee For Susquehanna Investment Group; Market
Maker/Floor Broker
To:
CBT Registered For Susquehanna Investment Group;
Market Maker/Floor Broker
Bradley D. McCarty
9/12/05
From:
CBT Registered For Susquehanna Investment Group;
Market Maker/Floor Broker
To:
Nominee For Susquehanna Investment Group; Market
Maker/Floor Broker
Member Organizations
Effective Date
Saen Options USA Inc.
9/9/05
From:
Lessee/Member Organization Affiliated with a CBT
Registered For; Associated with a Market Maker
To:
Member Organization Affiliated with a CBT Registered
For; Associated with a Market Maker
Centurion Securities, LLC
9/8/05
From:
Lessee; Associated with a Market Maker/Remote Market
Maker
To:
Lessee/Member Organization Affiliated with a CBT
Registered For; Associated with a Market Maker/Remote
Market Maker
MEMBER ADDRESS CHANGES
Individual Members
Effective Date
Frederick A. Gahl
40 Wall Street, 42nd Floor
New York, NY 10005
9/8/05
Christopher J. Figy
1228 W. Glenlake Ave., #2
Chicago, IL 60660
9/13/05
Michael S. Sours
1416 N. North Park Ave.
Chicago, IL 60610
9/13/05
Page 5
September 16, 2005
Volume 33, Number 37
Chicago Board Options Exchange
RESEARCH CIRCULARS
The following Research Circulars were distributed between September 9 and September 15, 2005. If you wish to read the entire document,
please refer to the CBOE website at www.cboe.com and click on the “Trading Tools” Tab. New listings and series information is also available
in the Trading Tools section of the website. For questions regarding information discussed in a Research Circular, please call The Options
Clearing Corporation at 1-888-OPTIONS.
Research Circular #RS05-639
September 9, 2005
Petro-Canada (“PCZ”)
2-for-1 Stock Split
Ex-Distribution Date: September 15, 2005
Research Circular #RS05-652
September 13, 2005
*****UPDATE*****UPDATE*****UPDATE*****
Providian Financial Corporation (“PVN/VQV/WVR”) Proposed
Merger with Washington Mutual, Inc. (“WM/VWI/WWI”)
Research Circular #RS05-640
September 9, 2005
Fording Canadian Coal Trust (“FDG/VFZ/YWQ”)
3-for-1 Unit split
Ex-Distribution Date: September 13, 2005
Research Circular #RS05-654
September 14, 2005
Dycom Industries, Inc. (“DY”)
Partial Self Tender Offer
Research Circular #RS05-641
September 9, 2005
Noble Energy, Inc. (“NBL”)
2-for-1 Stock Split
Ex-Distribution Date: September 15, 2005
Research Circular #RS05-655
September 14, 2005
Advance Auto Parts, Inc. (“AAP”)
3-for-2 Stock Split
Ex-Distribution Date: September 26, 2005
Research Circular #RS05-643
September 12, 2005
Guilford Pharmaceuticals, Inc. (“GLFD/GQF/OUC”) Proposed
Merger with MGI PHARMA, INC. (“MOGN/QOG/VFG/YYW”)
Research Circular #RS05-656
September 14, 2005
Urban Outfitters, Inc. (“URBN/URQ”)
2-for-1 Stock Split
Ex-Distribution Date: September 26, 2005
Research Circular #RS05-644
September 12, 2005
Brightpoint Inc. (“CELL/ULN”)
3-for-2 Stock Split
Ex-Distribution Date: September 16, 2005
Research Circular #RS05-657
September 14, 2005
Hibbett Sporting Goods, Inc. (“HIBB/QQX”)
3-for-2 Stock Split
Ex-Distribution Date: September 28, 2005
Research Circular #RS05-645
September 12, 2005
Alliance Resource Partners, L.P. (“ARLP/AFV”)
2-for-1 Stock Split
Ex-Distribution Date: September 16, 2005
Research Circular #RS05-658
September 14, 2005
ResMed Inc. (“RMD”)
2-for-1 Stock Split
Ex-Distribution Date: October 3, 2005
Research Circular #RS05-647
September 13, 2005
Vector Group Ltd. (“VGR”)
5% Stock Dividend
Ex-Distribution Date: September 16, 2005
Research Circular #RS05-659
September 14, 2005
Sunrise Senior Living, Inc. (“SRZ”)
2-for-1 Stock Split
Ex-Distribution Date: October 4, 2005
Research Circular #RS05-649
September 13, 2005
America West Holdings Class B (“AWA”) Proposed Merger
with US Airways Group, Inc. (“UAIRQ”)
Research Circular #RS05-660
September 14, 2005
Instinet Group Incorporated (“INGP/UAU”) Proposed
Merger
with The Nasdaq Stock Market, Inc. (“NDAQ/NQD”)
Research Circular #RS05-650
September 13, 2005
Vicuron Pharmaceuticals Inc. (“MICU/UMO”) Merger
COMPLETED with Pfizer Inc. (“PFE/VPE/WPE”)
Research Circular #RS05-651
September 13, 2005
Marvel Enterprises Inc. (“MVL/VTQ/YTA & adj. YNM”)
Name Change to: Marvel Entertainment, Inc.
Effective Date: September 19, 2005
Research Circular #RS05-662
September 14, 2005
Electronics Boutique Holdings Corp. (“ELBO/LQB”)
Proposed Merger with GameStop Corp. (“GME”)
Research Circular #RS05-664
September 15, 2005
Telesystem International Wireless, Inc. (“TIWI/adj. YFU”)
Distribution – Ex-Distribution Date – September 19, 2005
September 21, 2005
Volume RB16, Number 38
Regulatory
Bulletin
The Constitution and Rules of the Chicago Board Options Exchange, Incorporated
(“Exchange”), in certain specific instances, require the Exchange to provide notice to the membership. The weekly Regulatory Bulletin is delivered to all effective members to satisfy this
requirement.
Copyright © 2004 Chicago Board Options Exchange, Incorporated
Regulatory
Circulars
Regulatory Circular RG05-77
DATE: September 8, 2005
TO:
Members and Member Firms
FROM: Market Operations Department
RE:
Restrictions on Transactions in
Ligand Pharmaceuticals Incorporated Class B. (LGNDE/LQP/OIN)
Ligand Pharmaceuticals Inc., Class B (LGNDE/LQP/OIN) on September 6, 2005, announced
that its common stock would be delisted from the Nasdaq Stock Market effective upon the
open of business on Wednesday, September 7.
As previously announced by CBOE, trading on CBOE in existing series of LQP/OIN options
has been subject to the following restrictions. Only closing transactions may be affected in
any series of LQP/OIN options except for (i) opening transactions by Market-Makers executed to accommodate closing transactions of other market participants and (ii) opening
transactions by CBOE member organizations to facilitate the closing transactions of public
customers executed as crosses pursuant to and in accordance with CBOE Rule 6.74(b) or
(d).
The execution of opening transactions in LQP/OIN options, except as permitted above,
and/or the misrepresentation as to whether an order is opening or closing, will constitute a
violation of CBOE rules, and may result in disciplinary action. Member organizations should
ensure that they have appropriate procedures in place to prevent their customers from
entering opening orders in this restricted option class.
There are no restrictions in place with respect to the exercise of LQP/OIN options. The
provisions of this circular apply to any options on Ligand Pharmaceuticals Inc. Class B
traded on CBOE.
Any questions regarding this circular may be directed to Kerry Winters at (312) 786-7312 or
Joanne Heenan-Hustad at (312) 786-7786.