<table><tr><th>From:</th><th>Steven Sinofsky</th></tr><tr><td>Sent:</td><td>Friday, August 29, 2014 8:56 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>Re: MSFT</td></tr></table>

Grossed $11.972M to date with 104,800 shares left over two=years (77K next year).

Technically, they were at $10M c=sh right away :-)

btw, rumors are that they are d=ing the exec changeover at Samsung. Wonder if JK will get "prom=ted" up?

On Fri,=Aug 29, 2014 at 1:39 PM, jeffrey E. <jeevacation@gmail.com> wrote:

so from their initial offer=of 5 milllion at todays price how do you come out./?

On Fri, Aug 29, 2014 at 4:34 PM, Steven =inofsky
wrote:

not bad at all. thank=you

On =ri, Aug 29, 2014 at 1:32 PM, jeffrey E. <jeevacation@gmail.com>= wrote:

not so bad.

On Fri, Aug 29, 201= at 4:02 PM, Steven Sinofsky wrote:=br>

closed at 45.43 * 124,592 s=ares = $5,660,215

=C2�>>

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## JEE

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## please note

The information co=tained in this communication is confidential, may be attorney-client pr=vileged, may constitute inside information, and is intended only for

## JEE

Unauthorized use,=disclosure or copying of this communication or any part thereof is stri=tly prohibited and may be unlawful. If you have received this commun=cation 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 =nd all copies thereof, including all attachments. copyright -all rights=reserved