EFTA01401829.pdf

Subject: RE: Monthly TWTR Swap Reset [SC] From: Paul Morris <IM =IM> Date: Tue, 02 Jun 2015 16:05:47 -0400 To: Vahe Stepanian Richard Kahn Cc: Ariane Dwyer Stewart Oldfield Jeanne Brennan Daniel Sabba Classification: Strictly Confidential Rich, I just tried you on your cell. Can you please update the team on timing. Thanks Paul Morris Managing Director Deutsche Bank Private Bank Office: 212-454-0701 Cell: From: Vahe Stepanian Sent: Tuesday, June 02, 2015 12:28 PM To: Richard Kahn Cc: Ariane Dwyer; Paul Morris; Stewart Oldfield; Jeanne Brennan; Daniel Sabba Subject: RE: Monthly TWTR Swap Reset [SC] Classification: Strictly Confidential Rich — I'm following up on the below. Please confirm you agree with the details. We will call Darren to verbally confirm wire transfer to DBAG London after receipt of your approval. EFTA01401829 Thank you, Vahe From: Daniel Sabba Sent: Tuesday, June 02, 2015 8:08 AM To: jeffrey E. Cc: Richard Kahn; Vahe Stepanian; Ariane Dwyer; Paul Morris; Stewart Oldfield; Jeanne Brennan Subject: RE: Monthly TWTR Swap Reset [SC] Classification: Strictly Confidential Resending per previous email. The password for the attachment is "sf2015". From: Daniel Sabba Sent: Thursday, May 28, 2015 3:52 PM To: 'jeffrey E.' Cc: Richard Kahn; Vahe Stepanian; Ariane Dwyer; Paul Morris; Stewart Oldfield; Jeanne Brennan Subject: FW: Monthly TWTR Swap Reset [SC] Classification: Strictly Confidential Jeffrey — per our conversation, in the past three reset payments, DB paid Southern Financial $1,255,898.01 ($905,092.06 for February's reset, $189,549.51 for March's and $161,256.44 for April's). With the $1,529,290.08 reset payment for May, Southern Financial will have net paid $273,392.07 to DB. The change in option premium as of yesterday's close was $357,952.72 in favor of Southern Financial (DB paid Southern Financial $728,278.28 and this option was marked yesterday at close at $370,325.56). Please let us know if you have questions, Daniel EFTA01401830 From: Vahe Stepanian Sent: Thursday, May 28, 2015 3:39 PM To: Richard Kahn Cc: Daniel Sabba; Ariane Dwyer; Paul Morris; Stewart Oldfield; Jeanne Brennan Subject: Monthly TWTR Swap Reset [SC] Classification: Strictly Confidential Rich- please confirm you agree with the below details of the monthly Twitter swap settlement. We will call Darren to verbally confirm wire transfer to DBAG London after receipt of your approval. DB Receives 1,529,290.08 USD Reset Date: 27-May-2015 Value Date: 01-June-2015 Interest: 4,290.08 Equity: 1,525,000.00 Note that the last reset date was 4/27/2015, and additional details are included on attachment (password will follow under separate cover). I've also included a Bloomberg screenshot with TWTR closing prices below for your convenience. Thank you, Vahe EFTA01401831 fcid:[email protected] Vahe Stepanian Assistant Vice President I Key Client Partners Deutsche Bank Securities Inc. Tel. +1 212 454-1539 Mobile Email All trade execution information contained herein is being provided as an accommodation at your request in advance of your receipt of the official trade confirmation(s). Additional trade detail information available upon request. The terms of the trade(s) may be subject to change prior to settlement, and therefore the official trade confirmation(s) and account statements issued by Deutsche Bank shall govern. Deutsche Bank is not responsible for any discrepancy between the informal execution report and the official trade confirmation(s) or account statements. 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. EFTA01401832