EFTA01386915.pdf

From: Vahe Stepanian Sent: 6/16/2015 9:40: To: Stewart Oldfield Daniel Sabba CC: Paul Morris Ariane Dwyer Subject: RE: Indicative offers - AAVL Jun15 calls IC) Classification: Confidential We were just talking about it - this was a reverse inquiry from RE. We're going to send an update to him in a few minutes. From: Stewart Oldfield Sent: Tuesday, June 16, 2015 9:38 AM To: Daniel Sabba Cc: Paul Morris; Vahe Stepanian; Ariane Dwyer Subject: RE: Indicative offers - AAVL Jun15 calls [C] Classification: Confidential You see the stock today? From: Daniel Sabba Sent: Thursday, June 11, 2015 1:13 PM To: Jeffrey E. Cc: Paul Morris; Stewart Oldfield; Vahe Stepanian; Ariane Dwyer; Richard Kahn Subject: Indicative offers - AAVL Jun15 calls [C] Classification: Confidential Indicative offers - AAVL Jun15 calls AAVL ref: 39.60 For 1000 contracts, OCO (one cancels the other) SO strike — 1.80 45 strike —2.95 40 strike —4.50 For 500 contracts, OCO (one cancels the other) 50 strike —1.70 45 strike — 2.85 40 strike —4.40 Please advise. Daniel Sabba Key Client Partners h nb r" i CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0088843 CONFIDENTIAL SDNY_GM_00235027 EFTA01386915