From: jeffrey E. <jeevacation@gmail.com> Sent: Wednesday, July 16, 2014 5:22 PM To: Vahe Stepanian Subject: Re: JPM Position (C] Yes On Wednesday, July 16, 2014, Vahe Stepanian •: i > wrote:<=r> Classification: Confidential Good Afternoon Jeffrey, Just spoke to Rich - he mentioned that you would like to sell 10% of your JPM holdings each week for the next 10 weeks. Current position = 14,503 JPM shares Goal = Sell 1450/week for 10 weeks Week 1: Week 10: July 14th Sept. 15th Ok to sell 1450 shares today with JPM up $0.69 to $58.96? Chart below for your convenience. Thank you, Vahe Vahe Stepanian Associate I Wealth Investment Coverage Deutsche Bank Securities Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York, NY 10154.0004 'avascript:_e(%7B%7D,'cvmlVvahe.stepat ian@db.comi);> EFTA_R1_01765877 EFTA02585995 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. 40=A0 please note The information contained in this communicati=n is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the a=dressee. It is the property of JEE Unauthorized use, disclosure or c=pying of this communication or any part thereof is strictly prohibited<=r> and may be unlawful. If you have received this communication in error, p=ease notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, =nd destroy this communication and all copies thereof, including all attachm=nts. copyright -all rights reserved 2 EFTA_R1_01765878 EFTA02585996