EFTA Document EFTA01420594

Subject: Twitter Update [C] From: Vahe Stepanian Date: Wed, 29 Jul 2015 13:59:16 -0400 To: jeffrey E. <[email protected]> Cc: Daniel Sabba Ariane Dwyer Paul Morris < Stewart Oldfield Richard Kahn Classification: Confidential Jeffrey - as you may have seen, TWTR reported earnings yesterday after the close and is trading down -13.8% today. Recall that Southern Financial is long 100k TWTR shares on TRS, while also being short TWTR calls. I've included original trade details and a B