From: jeffrey E. <jeevacation@gmail.com>
Sent: Friday, September 5, 2014 3:41 PM
To: Vahe Stepanian
Subject: Re: Sell PM? [C]

sell

On Fri, Sep 5, 2014 at 11:25 AM, Vahe Stepanian <██████████████████████████████> > wrote:

## =font face="sans-serif">Classification: Confidential

Jeffrey - following yesterday's email below. JPM is down to $59.53 tod=y, but we have not yet sold this week's 1,450 shares. Okay to sell today?<=font>

Thank you,
Vahe

From: Vahe Stepanian/db/dbcom

To: jeevacation@gmail.com <mailto:jeevacation@gmail.com>,

C=:

Date: 09/04/2014 01:01 PM

Subject: Sell JPM? [C]

Classification: Confidential

Jeffrey - okay to sell this week's 1,450 shares with JPM currently trad=ng >$60?
Stock has not closed over $60 since early April 2014.

Thank you,
Vahe

--

<empty>

Vahe Stepanian

## =font face="sans-serif">Classification: Confidential (cont.)

Associate I Wealth Investment Coverage

The image displays logos for Deutsche Bank Securities Inc. and Deutsche Asset & Wealth Management. The rest of the image appears to be redacted.

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 settle=ent, 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/=r privileged information.

If you are not the intended recipient (or have received this communication<=r> in error) please notify the sender immediately and destroy this

communication. Any unauthorized copying, disclosure or distribution of thear> 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.

=AO

please note

The information conta=ned in this communication is confidential, may be attorney-client privi=eged, may constitute inside information, and is intended only for th= use of the addressee. It is the property of JEE

Unauthorized use, d=sclosure or copying of this communication or any part thereof is strict=y prohibited and may be unlawful. If you have received this communic=tion in error, please notify us immediately by return e-mail or by e-ma=l to jeevacatio=@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof,ar>including all attachments. copyright -all rights reserved