Form 4 Change Justification

Change Justification for Form 4
We are adjusting this information collection consistent with the repeal of PUHCA in section 1263 of the
Energy Policy Act of 2005. The staff is re-estimating the number of responses to this form to make it
consistent with the EDGAR filing record. No substantive or material changes are being made to this
information collection. The SEC received approximately 194,900 Form 4 filings in calendar year 2010, a
decrease of 30,097 responses, resulting in a decrease of 15,049 annual burden hours.