From: Tazia Smith

From: Tazia Smith To: "jeffrey epstein" <jeevacation®gmail.com> Cc: "Paul Morris" , Vinit Sahni Vahe Stepanian Subject: American Airlines (AAL) moving higher [C] Date: Tue, 18 Mar 2014 13:45:12 +0000 Milne-Images: unnamed Nay Gupta Classification: Confidential Jeffrey - You are up $1,105,000 mark to market on your American Airlines. Original Cost: Jan 20 call = $8.0 Jan 20 put = $2.0 Net: $6.0 Current Levels: Jan 20 call = $18.30 Jan 20 put = $1.25 Net: $17.05/sh Source: Bloomberg, 3/18/14 AAL US 13 37.94 At 9:42 Vol 625,601 AAL US Equity ;',"=d MI Li= -Mal IMEIMairo Man tiOn3 re I 10 N, J .111 an 110 1Y Fr Mar UI Mil • I i ! • Last Price 1 37.94 T High on 03/10 09:30 39.70 —Jew Q37.93 /37.94C C 37.75 I H 3S.ODD L 37.75 19 Save As —tons 2 x 2 Val 23.701M seca—rifig—'W Tack .! An - sfa e ews os Zoom -9- Average I 37.0527 I I I I Low on 02/49,09:30 34.15 1 I I I t 2, I • Prey Close 34:111 Ai I I I I I I I I 1 VI I I I I I I I I I- F F I- -I I I- I- I- I 4 4 4 4 .1 .1 •I I I I I I l I 4 4 4 I I 1 I y• 0-.586Pt SPAVP (n68tir 1 1 111111.111911111 40.00 39.00 IBEIN 37.00 36.00 35.00 34.00 2M 19 20 21 24 25 26 27 28 03 04 05 06 07 10 11 12 13 14 17 18 Feb 2014 Mar 2014 From: To: Cc: Dale: Subject: Vahe "affray epstein" [email protected]>, "Paul Marne '4 *. 12/11/2013 12:19 FM Re: AAL EFTA01191980 Classification: Confidential Jeffrey, Done on AAL. To summarize, today you executed the following for Southern Financial LLC: 1) Bought 1,000 AAL Jan'15 $20 call @ $8.00/ct. Sell 1,000 AAL Jan'15 $20 put @ $2.00/ct. Net Debit = $6.00/ct. 2) B 60,000 DXJ @ $49.3749 Please let me know if you have any questions. Thank you, Vahe From: Tazia Smilh/dbklbcom@DBAMERICAS To. "affray epslein" <jeevacalion©gmail.com>. Cc: 'Paul Mere 'Who Stepaniarr > Date: 12/11/2013 12:09 PM Subject: Re: AAL (C) Classification: Confidential On it Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York, NY 10154 Tel: Mobile: Fax: E-mail: From: Jeffrey Epstein [eevacation(iigmail.com] Sent: 12111/2013 01:05 PM AST To: Tazia Smith Subject: Re: AAL [C] EFTA01191981 ok On Wed, Dec 11, 2013 at 12:59 PM, Tazia Smith < wrote: Classification: Confidential Jeffrey - American Airlines (AAL) is presently trading 426.5. You can synthetically create the stock via listed risk reversal out to Jan15: Indicative levels: Spot ref 26.50 Buy Jan15 20 call Sell Jan15 20 put Net Debit: 6.25 Do this on 1000 contracts to represent your 2-3mm of exposure. This priced better than a total return swap. Indicative levels only. Subject to market movement. Source: DB WM Equity Derivatives, 12/11/13. TDS Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York. NY 10154 Tel: Mobile: Fax: E-mail: Vahe Stepanian Original Message From: Vahe Stepanian Sent: 12/11/2013 11:43 AM EST To: [email protected] Cc: Paul Morris; Tazia Smith Subject: DXJ [C] Classification: Confidential Jeffrey, As a follow up to your conversation with Paul, please confirm you would like to purchase 60,000 DXJ @ market. EFTA01191982 DXJ is currently trading —$49.36, therefore the position = —$3mm exposure. Pill be back to you shortly on AAL. Thank you, Vahe Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New 04 Tel. Fax Moti Email This communication may contain confidential and/or privileged information. 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