From: "Jeffrey E." <[email protected]>

From: "Jeffrey E." <[email protected]> To: Vahe Stepanian Subject: Re: JPM - Sell today? [C] Date: Wed, 23 Jul 2014 14:20:58 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2); unnamed(3) sell On Wed, Jul 23, 2014 at 10:12 AM, Vahe Stepanian < wrote: Classification: Confidential Good Morning Jeffrey - JPM trading up $0.16 to $58.83 today, back up from $57.86 close on Thursday. Okay to sell this week's 1,450 shares? Thank you, Vahe From: Vahe Stepanianldb/dbcom To: 'Jeffrey E.' 122ygratiggjag orn>©DEUBAINT Cc: Paul MorristrIbidbcom@DBAMERICAS. Sahnedb/dbcomfaDBEMEA Date: 07/1812014 01:28 PM Subject: Trade Report 7118114 ICI Nov GuplardOklbcom@DBEMEA. Vinit Classification: Confidential Thank you Jeffrey. Today you executed the following: S 1,450 JPM @ $58.893 We'll be back to you next week on JPM. Vahe Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset & Wealth Management 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 EFTA01199491 official trade confimation(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. From: Jeffrey E." yeevacation&ilamal.com> To: Vahe Stepanianklb/dboom@DBAmericas, Date: 07/16/2014 01:22 PM Subject: Re: JPM Position ICI Yes On Wednesday, July 16, 2014, Vahe Stepanian c > wrote: Classification: Confidential Good Afternoon Jeffrey, Just spoke to Rich - he mentioned that you would like to sell 10% of your JPM holdings each week for the next 10 weeks. Current position = 14,503 JPM shares Goal = Sell 1450/week for 10 weeks Week 1: Week 10: July 14th Sept. 15th Ok to sell 1450 shares today with JPM up $0.69 to $58.96? Chart below for your convenience. Thank you, Vahe EFTA01199492 31311 US $ T 58.96 +,69 T58.95 /58.96N 20x51 .1 ? At 13:15 Vol 10,894,749 0 58.517 H 58.98D L 58.31Z Val 639.99311 .1F>L1 US Equity 99 Save As 99 Actions; 97) Edit - 1 90 Table Line Chart 07/16/2013 07/16/2014 1D 3D 1.11 al YID • Last Price 1 58.te T iipgh on 03/24/14 61.07 e. Average 55491 I Low on 09/24/13 50.32 Last Price 1.Y SY Line Max Daily • Compare Volume e Security/Study M Event &USD O 'JO -56.00 "54.00 0-52.00 0.50.00 lio•Vdiane 0.89314 L•944VG ) 4.77 P Aug Sep Oct Nov Dec San F b Mar AP 0 I 04 Australia 61 2 9777 8600 Brazil 5511 3048 4500 Europe. 44 20 7330 7500 Goireany 49 69 9204 1210 Hong Kong 852 2977 6000 Japan 81 3 3201 8900 Singapore 65 6212 1000 U.S. 1 212 318 2000 Copyright 2014 Bloomberg Finance SN 264224 EDT GMT-4:00 H653-5263-3 16-Jul-2014 13 15 24 .-40M II I !la May Jun ul EFTA01199493 MS Equity 98 Export to Excel 97) Feedback HiStOncal-Pfice Wtkirgan Chase S Co High 61.07 50.32 55.691 3.95 03/24/14 09/24/13 17,850,442 7.18% Range 07/16/2013 P e n a l 07/16now 0 09 Daily El Low Market Last Price Volume II Currency UCD Avg Net Chg View Dense (HP) r'nrifai Last Price r rner-r —rgi ast Pncer Volume rn - 6.WI Last Pricer Volume F u7/18/14 F 06/27/14 57.53 10,178,566 F 06/06/14 56.97 15,399,844 T 07/17/14 T 06/26/14 57.39 11,854,621 T 06/05/14 56.63 16,804,644 W 07/16/14 58.96 10,865,787 W 06/25/14 57.53 14,843,900 W 06/04/14 55.68 9,728,053 T 07/15/14 58.27 36,219,126 T 06/24/14 57.42 12,323,320 T 06/03/14 55.60 9,132,297 M 07/14/14 56.29 14,011,9911M 06/23/14 58.19 16,009,479 M 06/02/14 55.35 9,440,042 F 07/11/14 55.80 10,236,860 F 06/20/14 57.55 17,126,425 F 05/30/14 55.57 11,991,312 T 07/10/14 55.56 I 12,436,589ITI 06/19/14 57.30 11,624,383 T 05/29/14 55.72 11,741,707 W 07/09/14 56.02 10,914,251 W 06/18/14 57.78 13,737,143W 05/28/14 55.45 11,374,958 TI 07/08/14 55.76 18,345,729IT 06/17/14 57.42 11,200,522 T 05/27/14 55.14 14,503,732 M 07/07/14 56.67 13,918,743 M 06/16/14 56.87 11,199,075 m 05/26/14 F 07/04/14 IF I 06/13/14 57.04 12,044,435 F 05/23/14 54.53 10,878,697 TI 07/03/14 57.05 12,599,842M 06/12/14 57.04 11,677,911 T 05/22/14 54.55 11,801,568 W 07/02/14 56.97 19,199,260 06/11/14 57.27 14,232,171 W 05/21/14 54.12 13,210,922 TI 07/01/14 57.57 14,472,160ITI 06/10/14 57.90 11,609,169 T 05/20/14 53.72 16,888,227 06/30/14 57.62 11,549,859IIM 06/09/14 57.42 12,000,038 M 05/19/14 53.83 12,068,854 I Australia 61 2 9777 8600 Brazil 3311 3048 4500 Europe 44 20 7330 7500 Germany 49 69 9204 1210 Hong Kong 832 2977 6000 Joint 81 3 3201 8900 Singapore 65 6212 1000 U.S. 1 212 318 2000 Copyrtght 2014 Bloomberg Finance -. SN 264224 EDT GMT-4:00 kW 5263-2 16-Jul-2014 13:14:47 Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. 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. 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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. 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 EFTA01199495