From: Vahe Stepanian

From: Vahe Stepanian To: Jeffrey Epstein <[email protected]> Stewart Oldfield , Richard Kahn , Ariane Ds er , Paul Morris CC: Daniel Sabba Subject: SGMO and VIAB [C) Date: Thu, 06 Aug 2015 15:57:59 +0000 Inline-Images: image002.jpg; image004.jpg Classification: Confidential Jeffrey — as you may have seen, SGMO and VIAB reported earnings yesterday afternoon and this morning (respectively). Each name is down 17%+ on the back of the reports as both missed analyst expectations. Recall that you're long the following: Ticker SGMO VIAB Thank you, Vahe Quantity 50,000 5,000 Date of Pur Ace Cost Ras' 5/28/2013 $8.44 6/10/2015 $67.74 _SGMO U5 $ S T 7.5899 -1.65 At 11:49 Vol 1,382,929 0 8.57Q 97) Actions • SGMO US E uit Sangamo BioSciences Inc 1) Earnings History (ERN) Next Announcement (E) 10/22/15 Prior Announcement 08/05/15 Avg/Implied 1 Day Move 8.82% / • P7.58/7.59P H 8.609 L 7.39D 98) Output Perioclicit; 2) Current Multiples Trailing 12M P/E Forward 12M P/E Est. LTG (EPS) 4x4 Val 10.817m Earnings & Estimates' Source Standard g Cur USD II 3) Analyst Coverage (ANR) Buy/Hold/Sell 7/0/0 Current Price Target Price 7.55 22.00 Current Consensus (EEO) 2D Current Period Overview (Q3/15) 2D Prior Period Analysis (02/1S) Meastire Estiniate Surprise Comps Scorecard (7 of 15) Past Surprise 11) EPS Adjusted+ -0.170 -0.122 Beat:4 Met:1 Missed:2 Beat 4 of 8 12) EPS GAAP -0.170 -0.115 Beat:4 Met:1 Missed:2 Beat 4 of 8 13) Sales 8.358M 14.600M Beat:4 Met:0 Missed:3 Beat 7 of 8 14) Net Income Adjusted+ -12.126M -8.286M Beat:4 Met:0 Missed:3 Beat 5 of 8 1S) Operating Profit 16) EBITDA S. Earnings Trends (EM) -8.655M -8.000M • Q2s Only ) Estimate Revision Charting (EEG) •MaW AyW **ad r r I rr ,211•14 0.1- 14 C14. 14 01. 15 02 15 03 IS au 01 10 02 10 Ni00 om MW 20M 0.10 MOO MW lW 4212 -014 12M ' 046 IOM o.ta tkco IS OdNolod Swale •12 • Mar 735 EFTA01207022 IVIA8 US $ 5 142.66 -8.75 P42.66 /42.69Q 2x6 rill At 11:48 jAi n z igida . o r a6916 . 4 49.50P L 39.28Y Val 807.08611 Viacom Inc Output - -""ENINIIPPERIMarr. Periodicity Mg= Source • Cur MIN Standard 1) Earnings History (ERN) 1) Current Multiples 3) Analyst Coverage (ANR) Next Announcement TBA Trailing 12M P/E 7.53 Buy/Hold/Sell 19/13/5 Prior Announcement 08/06/15 Forward 12M P/E 6.64 Current Price 42.68 Avg/Implied 1 Day Move 4.40% / 4.43% Est. LTG (EPS) 10.67% Target Price 74.50 4) Current Consensus (EEO) 21) Current Period Overview (Q4/15) ilt Prior Period Analysis (Q3/15) korecard (5 of 5) Past surprise 1.9%eaSOft Actual! Estimate! Surprisernomps 11) EPS Adjusted' 1.470 1.470 0.02% Beat:4 Met:0 • :eat 6 of 8 12) EN GAAP 1.470 1.467 0.18% Beat:2 Met:0 Ilissed:.; Heat 6 of 8 B) Sales 3.058B 3.2268 -5.21% Beat:2 Met:0 Missed:3 Missed 6 of 8 14) Net Income Adjusted. 591.000M 594.62514 -0.61% Beat:4 Ftet:0 Missed:1 Beat 6 of 8 IS) Operating Profit 1.0368 16) EIJI IDA 1.0808 5) Earnings Trends (EM) ■ te.".. Aar! al Id/ IPS his' ■ Q3s Only l• 010 6) Estimate Revision Charting (EEG) • 31S VIM:pass SWIM LO Ca 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. EFTA01207023