<table><tr><th>From:</th><th>Vahe Stepanian</th></tr><tr><td>Sent:</td><td>Tuesday, August 19, 2014 7:43 PM</td></tr><tr><td>To:</td><td>jeevacation@gmail.com</td></tr><tr><td>Cc: 
Subject:</td><td>Trade Report 8/19/14 [C]</td></tr></table>

Classification: Confidential

Got it. Today you executed the following:

S 1,4501PM @ $57.5955

Thank you,
Vahe

From: "jeffrey E." <jeevacation@gmail.com>

To: Vahe Stepanian/db/dbcom@DBAmericas,

Date: 08/19/2014 03:38 PM

Subject: Re: JPM Sale? [C]

yes

On Tue, Aug 19, 2014 at 1:22 PM, Vahe Stepanian <vahe.stepanian@honeywell.com> wrote:
Classification: Confidential

> > wrote:

Jeffrey - JPM is trading up —$0.435 today to $57.665. Ok to sell this week's 1,450 shares on today's strength? Also, just an FYI below on your risk reversal given Euro weakness today.

Thank you,
Vahe

EURUSD Risk Reversal (spot ref 1.3318)
<Client> sells Put, buys Call on EUR/USD in a Risk Reversal
Put Strike: 1.345
Call Strike: 1.38
Notional: EUR 10,000,000 EUR
Expiry: Mon 08-Sep-2014
Settlement: Wed 10-Sep-2014

Client Receives: $140,400 (Net P/L: +$140,400)

Vahe Stepanian
Associate | Wealth Investment Coverage

Deutsche Bank Securities Inc.
Deutsche Asset & Wealth Management
345 Park Avenue - 26th Floor
New York, NY 10154-0004

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 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.

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 <mailto: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.