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from the t5-Minute Discount Determination," The Value Examiner, July/August 2004, (iii) Estate of McCord, 120 T.C. No. 13, May 2003, and (iv) Bajaj, Denis, Ferris, and Sarin, "Finn Value and Marketability Discounts," 27 J. Corp. Law 89, Fall 2001. CONFIDENTIAL 1 WTAS LLC 71 EFTA00307466 WTAS ALIP
% 20.1% 13.3% 20.0% NA 29.4% 29.3% The following is a brief description of each of the restricted stock studies: • SEC Institutional Investor Studr. In 1971, the Securities and Exchange Commission ("SEC") published the Institutional Investor Study. The study provided considerable evidence that
from the t5-Minute Discount Determination," The Value Examiner, July/August 2004, (iii) Estate of McCord, 120 T.C. No. 13, May 2003, and (iv) Bajaj, Denis, Ferris, and Sarin, "Finn Value and Marketability Discounts," 27 J. Corp. Law 89, Fall 2001. CONFIDENTIAL 1 WTAS LLC 71 EFTA00307365 WTAS ALIP
% 20.1% 13.3% 20.0% NA 29.4% 29.3% The following is a brief description of each of the restricted stock studies: • SEC Institutional Investor Studr. In 1971, the Securities and Exchange Commission ("SEC") published the Institutional Investor Study. The study provided considerable evidence that
from the t5-Minute Discount Determination," The Value Examiner, July/August 2004, (iii) Estate of McCord, 120 T.C. No. 13, May 2003, and (iv) Bajaj, Denis, Ferris, and Sarin, "Finn Value and Marketability Discounts," 27 J. Corp. Law 89, Fall 2001. CONFIDENTIAL 1 WTAS LLC 71 EFTA00307264 WTAS ALIP
% 20.1% 13.3% 20.0% NA 29.4% 29.3% The following is a brief description of each of the restricted stock studies: • SEC Institutional Investor Studr. In 1971, the Securities and Exchange Commission ("SEC") published the Institutional Investor Study. The study provided considerable evidence that
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