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From: "Jeffrey E." <[email protected]> To: Daniel Sabha Subject
e: Mon, 26 Jan 2015 20:25:44 +0000 will you be in tomoorw? On Mon, Jan 26, 2015 at 11:09 AM, Daniel Sabba wrote: Classification: Confidential Hi Jeffrey — wanted to check if you like to follow-up on this matter. Regards, Daniel From: Daniel Sabba Sent: Thursday, January 22, 2015 5:21 PM To: Jeffrey
Jeffrey — wanted to check if you like to follow-up on this matter. Regards, Daniel From: Daniel Sabba Sent: Thursday, January 22, 2015 5:21 PM To: Jeffrey Epstein Cc: Vahe Stepanian; Richard Kahn; Paul Morris; Subject: RE: 1Witter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, I wanted
: Thursday, January 22, 2015 5:21 PM To: Jeffrey Epstein Cc: Vahe Stepanian; Richard Kahn; Paul Morris;
RS by itself without selling calls, IA would be 40% for ly and 50% for 2y. Looking forward to discussing this in further details. When can we chat? Shabbat is starting here so I will be out of pocket until sunset tomorrow night Daniel Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. Th
TRS and selling a $40 call would be 38% instead of the 30% of the at the money call. From: Daniel Sabba Sent: Friday, January 16, 2015 4:48 PM To: Jeffrey Epstein Cc: Vahe Stepanian; Richard Kahn; Paul Morris Subject: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, We could do t
rd Kahn Morris Subject: RE: Twitter follow-up - TRS + short calls [C] Date: Tue, 20 Jan 2015 15:44:04 +0000 >, Paul Classification: Confidential Jeffrey, Wanted to follow-up with refreshed pricings for 1y options. TWTR Spot Ref: 36.56. TRS: Previous levels still apply. European Call options on TWTR
From: Daniel Sabba To: Jeffrey Epstein <[email protected]> CC: Vahe Ste anian , Ri
RS by itself without selling calls, IA would be 40% for 1y and 50% for 2y. Looking forward to discussing this in further details. When can we chat? Shabbat is starting here so I will be out of pocket until sunset tomorrow night. Daniel Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. E
ll would be 38% instead of the 30% of the at the money call. Best regards, Daniel From: Daniel Sabba Sent: Friday, January 16, 2015 4:48 PM To: Jeffrey Epstein Cc: Vahe Stepanian; Richard Kahn; Paul Morris Subject: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, We could do t
@gmail.com> Cc: Vahe Stepanian; Richard Kahn < >; Paul Morris Subject: RE: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, Wanted to follow-up with refreshed pricings for ly options. TWTR Spot Ref: 36.56. TRS: Previous levels still apply. European Call options on TWT
: Tuesday, January 20, 2015 09:44 AM To: Jeffrey Epstein <[email protected]> Cc: Vahe Stepanian; Rich
S by itself without selling calls, IA would be 40% for ly and 50% for 2y. Looking forward to discussing this in further details. When can we chat? Shabbat is starting here so I will be out of pocket until sunset tomorrow night. Daniel Daniel Sabba Key Client Partners Deutsche Bank Securities Inc.
ll would be 38% instead of the 30% of the at the money call. Best regards, Daniel From: Daniel Sabba Sent: Friday, January 16, 2015 4:48 PM To: Jeffrey Epstein Cc: Vahe Stepanian; Richard Kahn; Paul Morris Subject: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, We could do t
mail.com> Cc: Vahe Stepanian; Richard Kahn <M I>; Paul Morris Subject: RE: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, Wanted to follow-up with refreshed pricings for ly options. TWTR Spot Ref: 36.56. TRS: Previous levels still apply. European Call options on TWT
: Tuesday, January 20, 2015 09:44 AM To: Jeffrey Epstein <[email protected]> Cc: Vahe Stepanian; Rich
S by itself without selling calls, IA would be 40% for ly and 50% for 2y. Looking forward to discussing this in further details. When can we chat? Shabbat is starting here so I will be out of pocket until sunset tomorrow night. Daniel Daniel Sabba Key Client Partners Deutsche Bank Securities Inc.
% instead of the 30% of the at the money call. Best regards, Daniel EFTA01471967 From: Daniel Sabba Sent: Friday, January 16, 2015 4:48 PM To: Jeffrey Epstein Cc: Vahe Stepanian; Richard Kahn; Paul Morris Subject: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, We could do t
@gmail.com> Cc: Vahe Stepanian; Richard Kahn < >; Paul Morris Subject: RE: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, Wanted to follow-up with refreshed pricings for ly options. TWTR Spot Ref: EFTA01471966 36.56. TRS: Previous levels still apply. European Call
: Tuesday, January 20, 2015 09:44 AM To: Jeffrey Epstein <[email protected]> Cc: Vahe Stepanian; Rich
S by itself without selling calls, IA would be 40% for ly and 50% for 2y. Looking forward to discussing this in further details. When can we chat? Shabbat is starting here so I will be out of pocket until sunset tomorrow night. Daniel Daniel Sabba Key Client Partners EFTA01471969 Deutsche Bank Se
ll would be 38% instead of the 30% of the at the money call. Best regards, Daniel From: Daniel Sabba Sent: Friday, January 16, 2015 4:48 PM To: Jeffrey Epstein Cc: Vahe Stepanian; Richard Kahn; Paul Morris Subject: Twitter follow-up - TRS + short calls [C] Classification: Confidential EFTA01471963 Jeffrey,
@gmail.com> Cc: Vahe Stepanian; Richard Kahn <a; Paul Morris Subject: RE: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, Wanted to follow-up with refreshed pricings for ly options. TWTR Spot Ref: 36.56. TRS: Previous levels still apply. European Call options on TWT
: Tuesday, January 20, 2015 09:44 AM To: Jeffrey Epstein <[email protected]> Cc: Vahe Stepanian; Rich
S by itself without selling calls, IA would be 40% for ly and 50% for 2y. Looking forward to discussing this in further details. When can we chat? Shabbat is starting here so I will be out of pocket until sunset tomorrow night. Daniel Daniel Sabba Key Client Partners Deutsche Bank Securities Inc.
The IA for long TRS and selling a $40 call would be 38% instead of the 30% of the at From: Daniel Sabba Sent: Friday, January 16, 2015 4:48 PM To: Jeffrey Epstein Cc: Vahe Stepanian; Richard Kahn; Paul Morris Subject: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, We could do t
To: Jeffrey Epstein Cc: Vahe Stepanian; Richard Kahn; Paul Morris Subject: Twitter follow-up - TRS + short calls [C] Classification: Confidential Jeffrey, We could do this for 1mm shares of Twitter, indicatively. Twitter (TWTR) spot ref $37.31. Total Return Swap: Swap Seller: DB Swap Buyer: South
nt: Friday, January 16, 2015 4:48 PM To: Jeffrey Epstein Cc: Vahe Stepanian; Richard Kahn; Paul Morris S
RS by itself without selling calls, IA would be 40% for 1y and 50% for 2y. Looking forward to discussing this in further details. When can we chat? Shabbat is starting here so I will be out of pocket until sunset tomorrow night. Daniel Daniel Sabba Key Client Partners Deutsche Bank Securities Inc. E
Entities connected to both Jeffrey Epstein and Shabbat

Richard Kahn
PERSON
Paul Morris
PERSONDeutsche Bank Securities Inc.
ORGANIZATIONVahe Stepanian
PERSON
Daniel Sabba
PERSONDelta
ORGANIZATIONTWTR Spot
ORGANIZATION