SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) May 30, 2006
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OPTIONABLE, INC.
(Exact name of Registrant as specified in its charter)
Delaware 333-121543 52-2219407
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(State or other jurisdiction of (Commission File number) (IRS Employer
incorporation or organization) Identification No.)
555 Pleasantville Road, South Building, Suite 110 Briarcliff Manor, NY 10150
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(Address of principal executive offices) (Zip Code)
(914) 773-1100
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(Registrant's Telephone Number, Including Area Code)
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(Former Address If Changed since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation for the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Section 7 - Regulation FD
Item 7.01. Regulation FD Disclosure
On May 30, 2006, Optionable, Inc. issued a press release announcing
that its board of directors has authorized the repurchase of such number of
shares of its common stock as have an aggregate purchase price not exceeding
$200,000, at the rate of up to $50,000 worth of common stock each quarter. A
copy of this press release is furnished as Exhibit 99.1 to this Form 8-K.
The information provided in this Form 8-K and the Exhibit attached
hereto is furnished and shall not be deemed "filed" for purposes of Section 18
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or
otherwise subject to the liability of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as expressly set forth by specific
reference in such filing.
Item 9.01. Financial Statements and Exhibits
Exhibit
Number Description
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99.1 Press release dated May 30, 2006, announcing authorization of share
repurchase program
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
OPTIONABLE, INC.
Date: May 31, 2006 By: /s/ Marc-Andre Boisseau
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Marc-Andre Boisseau
Chief Financial Officer