EFTA00844636.pdf

From: "Jeffrey E." <[email protected]> To: Richard Kahn Subject: Re: Monthly TWTR Swap Reset Date: Thu, 01 Oct 2015 18:32:05 +0000 Yes On Thu, Oct 1, 2015 at 2:07 PM, Richard Kahn > wrote: please advise if ok to pay DB 122,091.55 for Sept 28 TWTR reset jeanne and i reviewed calculation and calculation is correct TWTR Trade S received for call sold 728,278 call unrealized loss of closing 9/29 -50,058 feb settlement less int paid 905,092 march settlement less int paid 189,550 april settlement thru 4/27 less int paid 161,256 may settlement thru 5/27 with interest (1,529,290) june settlement thru 6/29 with interest (222,928) july settlement thru 7/27 with interest 46,508 Aug settlement thru 8/27 with interest (826,993) Sep settlement thru 9/28 with interest (122,092) Sep Unrealized 9/28 & 9/29 45,908 NET LOSS TWTR AS OF 9/29 - stock at 25.59 (674,767) Big picture check on above TWTR 1-27-2015 trade date 38.9662 TWTR 9-29-2015 25.5900 Net decrease in Price 13.3762 x 100,000 notional = 1,337,620 Net Loss (1,337,620) Call sold 728,278 Value of call 9-30 (50,058) Net Loss before Interest (659,400) Richard Kahn HBRK Associates Inc. EFTA00844636 Begin forwarded message: From: Mane Dwyer c Subject: Monthly TWTR Swap Reset Date: September 29, 2015 at 11:40:08 AM EDT To: Richard Kahn Cc: Vahe Ste anian >, Daniel Sabba < >, Darren Indyke Good morning Rich, Please confirm you agree with the below details of the monthly Twitter swap settlement. The closing price of TWTR on the September 28th was $25.26. Additional details are included in the attachment. Password will follow in a separate email. DB to Receive USD 122,091.55 Interest: 2,091.55 (LIBOR Rate=0.1985%) Equity: 120,000.00 Reset Date: 28-September-2015 Value Date: 1-October-2015 Best, Ari [cid:[email protected]] Ariane Dwyer Analyst I Key Client Partners - US Deutsche Bank Securities Inc [cid:[email protected]] This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA00844637  please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00844638