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sd-10-EFTA01447030Dept. of JusticeOther

EFTA Document EFTA01447030

From: Tazia Smith [[email protected]] Sent: 3/19/2014 9:03:52 AM To: "eevacation mail.com CC: ; Paul Morris Vahe Stepanian [ Paylocity (PCTY) Allocation pit21005.gif; pic01781.gif Subject: Attachments: av Gupta Jeffrey - You were allocated 1,000 PCTY priced at S17. will post you with trading color into open. Tazia Forwarded by Tazia smith/db/dbcom on 03/19/2014 09:00 AM From: Tazia Smith/db/dbcom To: Cc: vahe stepanian/db/dbcomODBAmericas, Jay Lipman/db/dbcomODBANERIcAs D

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From: Tazia Smith [[email protected]] Sent: 3/19/2014 9:03:52 AM To: "eevacation mail.com CC: ; Paul Morris Vahe Stepanian [ Paylocity (PCTY) Allocation pit21005.gif; pic01781.gif Subject: Attachments: av Gupta Jeffrey - You were allocated 1,000 PCTY priced at S17. will post you with trading color into open. Tazia Forwarded by Tazia smith/db/dbcom on 03/19/2014 09:00 AM From: Tazia Smith/db/dbcom To: Cc: vahe stepanian/db/dbcomODBAmericas, Jay Lipman/db/dbcomODBANERIcAs D

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EFTA Disclosure
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From: Tazia Smith [[email protected]] Sent: 3/19/2014 9:03:52 AM To: "eevacation mail.com CC: ; Paul Morris Vahe Stepanian [ Paylocity (PCTY) Allocation pit21005.gif; pic01781.gif Subject: Attachments: av Gupta Jeffrey - You were allocated 1,000 PCTY priced at S17. will post you with trading color into open. Tazia Forwarded by Tazia smith/db/dbcom on 03/19/2014 09:00 AM From: Tazia Smith/db/dbcom To: Cc: vahe stepanian/db/dbcomODBAmericas, Jay Lipman/db/dbcomODBANERIcAs Date: 03/18/2014 07:58 PM Subject: *** PRICING DETAILS *** LEFT BOOKRUN IPO *** PAYLOCITY HOLDING CORP (NASDAQ: PCTY) *** *** APPROVED FOR EXTERNAL DISTRIBUTION *** Issuer: Paylocity Holding Corp Symbol: PCTY Deal size: 7,045,000 shares (71% primary / 29% secondary) plus 15% greenshoe (35% primary / 65% secondary) *** upsize from 6,670,000 shares Offer price: S17.00 Exchange: Nasdaq Trade date: 3/18 settlement date: 3/24 Bookrunners: Deutsche Bank BAML William Blair Co-managers: Raymond James JMP CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 101513 CONFIDENTIAL SDNY_GM_00247697 EFTA01447030

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EFTA Document EFTA01462573

Subject: PCTY From: Tazia Smith < Date: Wed, 19 Mar 2014 10:00:39 -0400 To: jeevacation8 mail.com Cc: Nav Gupta Paul Morris Vahe Stepanian Vinit Sahni < PCTY looking -$23 (+$6), supposed to open at 10am, now delayed From: Tazia Smith/db/dbcom To: jeevacation8gmail.com, CC: Paul Morris, Vinit Sahni/db/dbcom8DBEMEA, Nav Gupta/db/dbcom8 DBEMEA, Vahe Stepanian/db/dbcom8DBAmericas Date: 03/19/2014 09:03 AM Subject: Paylocity (PCTY) Allocation Jeffrey - You were allocated 1,000 PCT

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Subject: Re: PCTY From: Tazia Smith ‹ > Date: Wed, 19 Mar 2014 10:26:21 -0400 To: [email protected] Cc: Nav Gupta Paul Morris Vahe Stepanian Vinit Sahni Paylocity (PCTY) opens at $31 (+$17/sh), and now you can see it trading (—$27.75 last). Let us know if you want to trade. Thanks, Tazia Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management Email From: Tazia Smith/db/dbcom To: jeevacation@ mail.com, Cc: Nav Gupta/db/-

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Subject: Paylocity (PCTY) Allocation From: Tazia Smith < Date: Wed, 19 Mar 2014 09:03:52 -0400 To: eevacatione•mail.com CC: Paul Morris < Vinit Sahni < Nav Gupta Vahe Stepanian Jeffrey - You were allocated 1,000 PCTY priced at 617. Will post you with trading color into open. Tazia Forwarded by Tazia Smith/db/dbcom on 03/19/2014 09:00 AM From: Tazia Smith/db/dbcom To: Cc: Vahe Stepanian/db/dbcomQDBAmericas, Jay Lipman/db/dbcom@DBAMERICAS Date: 03/18/2014 07:58 PM Subject: ***

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Subject: Epstein Views Update 12/12 [I] From: Tazia Smith ‹ > Date: Wed, 18 Dec 2013 11:55:42 -0500 To: Paul Morris Cc: Vahe Stepanian Classification: For internal use only Not do anything in FX/significant positioning before FOMC decision Bullish japanese equities, short yen hence buy of DXJ open to a basket of single names but does not want yen exposure. suggested a quanto'd basket and he is open to it (we had that priced and quanto is not pricing well. still reviewing - now adding

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