From: Vahe Stepanian

From: Vahe Stepanian To: [email protected] Cc: , Paul Morris <1 >, Subject: Trade Report 7/23/14 [C] Date: Wed, 23 Jul 2014 14:25:34 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2); unnamed(3); unnamed(4) Classification: Confidential Got it. Today you executed the following: S 1,450 JPM Cc3 $58.975 Vahe 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 (or any discrepancy between the informal execution report and the official trade confirmation(s) or account statements. From: "jeffrey [email protected]> To: Vahe Stepaniarl Date: 07/23/2014 10:21 AM Subject: Re: JPM - Sell today? [C] 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, EFTA01199496 Vahe From: Vahe Stepaniantdb/dbcom To: Whey E' leevasma @g to . mail.com>@DEUBAINT. Cc: Paul Mccris Dale: Subject: Trade Report 7/16114 (C) . Nav Guptala, Vinil 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 1 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 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 confirmafion(s) or account statements. From: Jeffrey E." <[email protected]> To: Vahe Stepanian Date: 07/1612014 01:22 PM Subject: Re: JPM Position [C) Yes On Wednesday, July 16, 2014, Vahe Stepanian > wrote: Classification: Confidential EFTA01199497 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 JPM US $ T 58 . 96 +.69 T58.95 /58.96N 20x51 At 13:15 Vol 10,894,749 0 58.51Z H 58.98D L 58.31Z Val 639.993M PH US Equity 07/16/2013 nr iSrOn PI Line PI 1D 3D 1H 6M YTD 1Y SY Max Daily 07/16/2014 Last Price i • Last Price 58.96 T High on 03/24/14 61.07 '- Average 55.691 1. Low on 09/24/13 50.32 coons +" 9/1 Edit +" 931 Table Compare -3.. Line Chart Volume • e,`,! Security/Study & USD M Event 0 (, • VDtt.rne 0.8 14 5.,AvG (15) 4. t ▪ 69 Xi . 58.00 ▪ 56.00 . 54.00 0.5100 so.00 ICI III ill iildh hull IIII VIII Aug S 0 I ov D Jan F b Mar Pp M y Jun 0 04 Australia 61 2 9777 8600 Brazil 5511 3048 4500 Europe 44 20 7330 7500 Germany 49 69 9204 12 0 Hong Kong 852 2977 Finn 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 EFTA01199498 US Equity Ptiorgan Chase & Co Range Market Mew Date F 07/18/14 Last Pncei Volume r F alitttgrInst Price r Wain 06/27/14 57.53 10,178,566 F 06/06/14 Price r vro 56.97 um e 15,399,844 1 07/17/14 T 06/26/14 57.39 11,854,621d 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 90001 06/04/14 55.68 9,728,053 1 07/15/14 58.27 36,219,126 T 06/24/14 57.42 12,323,3201T 06/03/14 55.60 9,132,297 M 07/14/14 56.29 14,011,991 M 06/23/14 58.19 16,009,479 M 06/02/14 55.35 9,440,042 I I 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 12,436,589 T 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 13,737,1431V/1 05/28/14 55.45 11,374,958 T 07/08/14 55.76 18,345,729 T 06/17/14 57.42 11,200,52211 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 I I F 07/04/14 F 06/13/14 57.04 12,044,435 F 05/23/14 54.53 10,878,697 1 07/03/14 57.05 12,599,842 T 06/12/14 57.04 11,677,91111 05/22/14 54.55 11,801,568 14 07/02/14 56.97 19,199,260'W 06/11/14 57.27 14,232,171A 05/21/14 54.12 13,210,922 T 07/01/14 57.57 14,472,160 T 06/10/14 57.90 11,609,16911 05/20/14 53.72 16,888,227 M 06/30/14 57.62 11,549,859 M 06/09/14 57.42 12,000,038 M 05/19/14 53.83 12,068,854 I I 07/16/2013 Last Price Dense (HP) 90 Export to Excel 07/16/2014 Volume Period Currency Histonca rice High 61.07 03/24/14 Low 50.32 09/24/13 Avg 55.691 17,850,442 Net Chg 3.95 7.18% Australia 61 2 9777 8600 Brazil 5511 3048 4500 Europe 44 20 7330 7500 Germany 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 H653-5263-2 16-Jul-2014 13:14:47 Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset & Wealth Manaeement 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 fix 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. EFTA01199499 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 jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 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. 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 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. EFTA01199500 Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. EFTA01199501