Theodore A. Andros and Joan B. Andros - Page 65

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                                                                               APPENDIX E                                                                                            

                                                                          TRADE ANALYSIS                                                                                             


                   TRADE              DAYS TO    UNDERLYING  INTEREST   SPREAD       MAXIMUM        SPREAD                                                                           
                   DATE      TYPE     TRADE    EXPIRATION     PRICE       RATE      PRICE     SPREAD VALUE   VALUE RANGE                                                             
                   9/20/79        Spread +47 97.50P            76              97.45          10.21          25,004            58,750             32,638-50,553                      
                                  Sale      -47 97.625P                                                                                                                              
                   9/24/79        Spread +41 97.53P            72              97.50          10.02          21,525            49,200             26,786-41,143                      
                                  Sale      -41 97.65P                                                                                                                               
                   9/25/79        Spread +40 97.53P            71              97.48          10.08          21,960            49,200             26,744-41,508                      
                                  Sale-4097.65P                                                                                                                                      
                   9/26/79        Spread +16 97.50P            70              97.45          10.21          9,840             20,000             11,184-17,399                      
                                  Sale      -16 97.625P                                                                                                                              
                   10/2/79        Spread +26 97.45P            64              97.41          10.38          6,838             15,600              8,357-12,246                      
                                  Sale      -26 97.51P                                                                                                                               
                   10/3/79        Spread + 8 97.45P            63              97.40          10.40           2,176            4,800                 2,605-3,928                     
                                  Sale      - 8 97.51P                                                                                                                               
                   11/7/79        Spread -33 97.50P            28              96.88          12.50          42,174            41,250             38,976-40,856                      
                   Purchase +33 97.625P                                                                                                                                              
                   11/8/79        Spread -14 97.50P            27              96.89          12.45          17,906            17,500             16,551-17,340                      
                   Purchase +14 97.625P                                                                                                                                              
                   11/9/79        Spread -40 97.53P            26              97.01          11.98          49,200            48,000             44,316-47,592                      
                   Purchase +40 97.65P                                                                                                                                               
                   11/9/79        Spread - 8 97.50P            26              97.01          11.98          10,232            10,000              9,135-9,915                       
                   Purchase + 8 97.625P                                                                                                                                              
                                                                                                                                                                                    
                   11/9/79        Spread -11 97.45P            26              97.01          11.98           6,985             6,600                5,800-6,544                     
                   Purchase +11 97.51P                                                                                                                                               
                   11/12/79 Spread -20 97.53P                  23              97.00          12.00          24,620            24,000             22,526-23,819                      
                   Purchase +20 97.65P                                                                                                                                               
                   11/12/79 Spread - 4 97.50P                  23              97.00          12.00           5,120            5,000                 4,649-4,962                     
                   Purchase + 4 97.625P                                                                                                                                              
                   11/12/79 Spread -10 97.45P                  23              97.00          12.00           6,360             6,000                5,389-5,955                     
                   Purchase +10 97.51P                                                                                                                                               
                   11/13/79 Spread - 6 97.53P                  22              97.00          12.00           7,392            7,200                 6,787-7,148                     
                   Purchase + 6 97.65P                                                                                                                                               
                   11/13/79 Spread - 4 97.50P                  22              97.00          12.00           5,120            5,000                 4,671-4,964                     
                   Purchase + 4 97.625P                                                                                                                                              
                   11/14/79 Spread - 7 97.53P                  21              96.95          12.20           8,617            8,400                 8,055-8,341                     
                   Purchase + 7 97.65P                                                                                                                                               
                   11/14/79 Spread - 8 97.45P                  21              96.95          12.20           5,088            4,800                 4,457-4,766                     
                   Purchase + 8 97.51P                                                                                                                                               
                   11/15/79 Spread - 8 97.53P                  20              97.08          11.70           9,856            9,600                 8,884-9,539                     
                   Purchase + 8 97.65P                                                                                                                                               
                   11/15/79 Spread - 5 97.45P                  20              97.00          12.00           3,180            3,000                 2,710-2,978                     
                   Purchase + 5 97.51P                                                                                                                                               
                   10/30/79 Spread +25 97.16P                  148             96.99          12.06          10,650            20,000             10,603-16,178                      
                   Purchase -25 97.08P                                                                                                                                               
                   10/31/79 Spread +24 97.16P                  147             96.96          12.15          9,552             19,200             10,422-16,439                      
                   Purchase -24 97.08P                                                                                                                                               




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Last modified: May 25, 2011