UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Warrant (2) | Â (3) | 10/09/2007 | Common Stock | (2) | $ 4.3 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
NYMEX HOLDINGS INC ONE NORTH END AVENUE WORLD FINANCIAL CENTER NEW YORK, NY 10282 |
 X |  X |  |  |
/s/Richard Kerschner - SVP, NYMEX Holdings, Inc. | 04/19/2007 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | NYMEX Holdings, Inc. purchased 10,758,886 shares of common stock of Optionable, Inc. on a fully diluted basis for $28,941,403.45 at $2.69 per share. |
(2) | The warrant issued by Optionable, Inc. permits NYMEX Holdings, Inc. to purchase a number of shares of Common Stock sufficient to increase NYMEX Holdings, Inc.'s ownership of Optionable, Inc.'s Common Stock to an amount not to exceed 40% of Optionable, Inc.'s then outstanding Common Stock on a fully diluted basis, based on the assumption that NYMEX Holdings, Inc. has retained ownership of 10,758,886 shares and any shares of Common Stock previously issued to NYMEX Holdings, Inc. upon a partial exercise of the warrant. |
(3) | The warrant is exercisable at any time and from time to time prior to October 10, 2008. |
 Remarks: Mr. Benjamin Chesir, Vice President of New Product Development, serves as NYMEX Holdings, Inc.'s appointed director to the board of Optionable, Inc. |