Free Trial Brief - District Court of Federal Claims - federal

OFFSETTING OPTIONS TRADED MAY 31 AND JUNE 5, 2000
Buy/ Sell
#2 Buy Sell Buy Sell TOTAL

Case 1:05-cv-01067-MCW
Notional Amount of Option in FX
#4 328,262,400 328,262,400 116,429,300 116,429,300

Document 18-2

Filed 08/29/2008

Page 1 of 3

Date
#1 05/31/00 05/31/00 05/31/00 05/31/00

FX
#3 GBP GBP EUR EUR

Notional Maximum Amount of Potential Option in USD Payoff
#5 $494,034,912 $494,363,174 $110,491,406 $110,607,835 #6 $328,262

Strike
#7 1.505000 1.506000 0.949000 0.950000

Premium
#8 $18,000,006 $17,846,051 $6,000,010 $5,945,405

Initial AIG Net Fee (.02% * Premium #4)
#9 ($153,955) #10 ($65,652)

Outlay (#9+ #10)
#11 ($219,607)

Ari Bergmann Revocable Trust

$116,429 $444,692

($54,605) ($208,560)

($23,286) ($88,938)

($77,891) ($297,499)

A.B.I.B. Family Partners Ltd. (Ari Bergmann)
05/31/00 05/31/00 05/31/00 05/31/00 Buy Sell Buy Sell TOTAL GBP GBP EUR EUR 478,715,800 478,715,800 169,792,700 169,792,700 $720,467,279 $720,945,995 $161,133,272 $161,303,065 $478,716 1.505000 1.506000 0.949000 0.950000 $26,249,998 $26,025,480 $8,750,010 $8,670,377 ($224,518) ($95,743) ($320,261)

$169,793 $648,508

($79,633) ($304,150)

($33,959) ($129,702)

($113,591) ($433,852)

Ari Bergmann 1999 Family Trust
05/31/00 05/31/00 05/31/00 05/31/00 Buy Sell Buy Sell TOTAL GBP GBP EUR EUR 218,841,600 218,841,600 77,619,600 77,619,600 $329,356,608 $329,575,450 $73,661,000 $73,738,620 $218,842 1.505000 1.506000 0.949000 0.950000 $12,000,004 $11,897,367 $4,000,010 $3,963,606 ($102,637) ($43,768) ($146,405)

$77,620 $296,461

($36,404) ($139,040) ($651,751)

($15,524) ($59,292) ($277,932)

($51,927) ($198,332) ($929,683)

Total for Bergmann

$1,389,661

Abraham J. Pfeiffer Revocable Trust
05/31/00 05/31/00 05/31/00 05/31/00 Buy Sell Buy Sell TOTAL GBP GBP EUR EUR 136,776,100 136,776,100 48,512,300 48,512,300 $205,848,031 $205,984,807 $46,038,173 $46,086,685 $136,776 1.505000 1.506000 0.949000 0.950000 $7,500,008 $7,435,860 $2,500,010 $2,477,258 ($64,148) ($27,355) ($91,503)

$48,512 $185,288

($22,752) ($86,900)

($9,702) ($37,058)

($32,455) ($123,958)

Woodleaf Trust (Michael Powlen)
05/31/00 05/31/00 05/31/00 05/31/00 Buy Sell Buy Sell TOTAL GBP GBP EUR EUR 205,164,000 205,164,000 72,768,400 72,768,400 $308,771,820 $308,976,984 $69,057,212 $69,129,980 $205,164 1.505000 1.506000 0.949000 0.950000 $11,250,004 $11,153,782 $3,750,010 $3,715,882 ($96,222) ($41,033) ($137,255)

$72,768 $277,932

($34,128) ($130,350)

($14,554) ($55,586)

($48,682) ($185,937)

Smita Conjeevaram 1999 Revocable Trust
06/05/00 06/05/00 06/05/00 06/05/00 Buy Sell Buy Sell TOTAL GBP GBP EUR EUR 66,900,030 66,900,030 24,080,460 24,080,460 $101,152,845 $101,219,745 $22,996,839 $23,020,920 $66,900 1.512000 1.513000 0.955000 0.956000 $3,750,009 $3,718,633 $1,250,006 $1,238,712 ($31,376) ($13,380) ($44,756)

$24,080 $90,980

($11,294) ($42,670)

($4,816) ($18,196)

($16,110) ($60,866)

Srini Conjeevaram 1999 Revocable Trust
06/05/00 06/05/00 06/05/00 06/05/00 Buy Sell Buy Sell TOTAL GBP GBP EUR EUR 66,900,030 66,900,030 24,080,460 24,080,460 $101,152,845 $101,219,745 $22,996,839 $23,020,920 $66,900 1.512000 1.513000 0.955000 0.956000 $3,750,009 $3,718,633 $1,250,006 $1,238,712 ($31,376) ($13,380) ($44,756)

$24,080 $90,980

($11,294) ($42,670)

($4,816) ($18,196)

($16,110) ($60,866)

Udai K. Puramsetti 1999 Revocable Trust
06/05/00 06/05/00 06/05/00 06/05/00 Buy Sell Buy Sell TOTAL GBP GBP EUR EUR 44,600,020 44,600,020 48,160,920 48,160,920 $67,435,230 $67,479,830 $45,993,679 $46,041,840 $44,600 1.512000 1.513000 0.955000 0.956000 $2,500,006 $2,479,089 $2,500,012 $2,477,424 ($20,917) ($8,920) ($29,837)

$48,161 $92,761 $2,127,604

($22,588) ($43,505) ($997,846)

($9,632) ($18,552)

($32,220) ($62,058)

GRAND TOTAL

($425,521) ($1,423,367)

OFFSETTING OPTIONS CONTRIUBTED TO K2 TRADING

Case 1:05-cv-01067-MCW
Notional Amount of Option in FX
#4

Document 18-2

Filed 08/29/2008
Net Premium
#9

Page 2 of 3
Initial AIG Fee (.02% * #4)
#10

Date
#1

Buy/ Sell
#2

FX
#3

Notional Amount of Option in USD
#5

Maximum Potential Payoff
#6

Strike
#7

Premium
#8

Outlay (#9+ #10)
#11

Ari Bergmann Revocable Trust
06/07/00 06/07/00 06/07/00 06/07/00 Buy Sell Buy Sell GBP GBP EUR EUR 328,262,400 328,262,400 116,429,300 116,429,300 Total $502,274,298 $502,602,561 $112,703,562 $112,819,992 $328,262 1.530100 1.531100 0.968000 0.969000 $18,000,269 $17,843,546 $6,000,079 $5,945,539 ($156,722) ($65,652) ($222,375)

$116,429 $444,692

($54,540) ($211,263)

($23,286) ($88,938)

($77,826) ($300,201)

A.B.I.B. Family Partners Ltd. (Ari Bergmann)
06/07/00 06/07/00 06/07/00 06/07/00 Buy Sell Buy Sell GBP GBP EUR EUR 478,715,800 478,715,800 169,792,700 169,792,700 Total $732,483,046 $732,961,761 $164,359,334 $164,529,126 $478,716 1.530100 1.531100 0.968000 0.969000 $26,250,381 $26,021,828 $8,750,114 $8,670,576 ($228,553) ($95,743) ($324,296)

$169,793 $648,508

($79,538) ($308,091)

($33,959) ($129,702)

($113,497) ($437,793)

Ari Bergmann 1999 Family Trust
06/07/00 06/07/00 06/07/00 06/07/00 Buy Sell Buy Sell GBP GBP EUR EUR Total Total for Bergmann 218,841,600 218,841,600 77,619,600 77,619,600 $334,849,532 $335,068,374 $75,135,773 $75,213,392 $218,842 1.530100 1.531100 0.968000 0.969000 $12,000,179 $11,895,698 $4,000,056 $3,963,696 ($104,482) ($43,768) ($148,250)

$77,620 $296,461 $1,389,661

($36,360) ($140,842) ($660,196)

($15,524) ($59,292) ($277,932)

($51,884) ($200,134) ($938,128)

Abraham J. Pfeiffer Revocable Trust
06/07/00 06/07/00 06/07/00 06/07/00 Buy Sell Buy Sell GBP GBP EUR EUR 136,776,100 136,776,100 48,512,300 48,512,300 $209,281,111 $209,417,887 $46,959,906 $47,008,419 $136,776 1.530100 1.531100 0.968000 0.969000 $7,500,117 $7,434,816 $2,500,038 $2,477,312 ($65,301) ($27,355) ($92,656)

$48,512 $185,288

($22,725) ($88,026)

($9,702) ($37,058)

($32,428) ($125,084)

Woodleaf Trust (Michael Powlen)
06/07/00 06/07/00 06/07/00 06/07/00 Buy Sell Buy Sell GBP GBP EUR EUR Total 205,164,000 205,164,000 72,768,400 72,768,400 $313,921,436 $314,126,600 $70,439,811 $70,512,580 $205,164 1.530100 1.531100 0.968000 0.969000 $11,250,168 $11,152,217 $3,750,054 $3,715,966 ($97,951) ($41,033) ($138,984)

$72,768 $277,932

($34,088) ($132,039)

($14,554) ($55,586)

($48,641) ($187,626)

Smita Conjeevaram 1999 Revocable Trust
06/07/00 06/07/00 06/07/00 06/07/00 Buy Sell Buy Sell GBP GBP EUR EUR Total 66,900,030 66,900,030 24,080,460 24,080,460 $101,688,046 $101,754,946 $23,485,673 $23,509,753 $66,900 1.520000 1.521000 0.975300 0.976300 $3,750,081 $3,717,548 $1,250,113 $1,238,783 ($32,533) ($13,380) ($45,913)

$24,080 $90,980

($11,330) ($43,863)

($4,816) ($18,196)

($16,146) ($62,059)

Srini Conjeevaram 1999 Revocable Trust
06/07/00 06/07/00 06/07/00 06/07/00 Buy Sell Buy Sell GBP GBP EUR EUR Total 66,900,030 66,900,030 24,080,460 24,080,460 $101,688,046 $101,754,946 $23,485,673 $23,509,753 $66,900 1.520000 1.521000 0.975300 0.976300 $3,750,081 $3,717,548 $1,250,113 $1,238,783 ($32,533) ($13,380) ($45,913)

$24,080 $90,980

($11,330) ($43,863)

($4,816) ($18,196)

($16,146) ($62,059)

Udai K. Puramsetti 1999 Revocable Trust (NOT RESTRUCK)
06/05/00 06/05/00 06/05/00 06/05/00 Buy Sell Buy Sell GBP GBP EUR EUR Total 44,600,020 44,600,020 48,160,920 48,160,920 $67,435,230 $67,479,830 $45,993,679 $46,041,840 $44,600 1.512000 1.513000 0.955000 0.956000 $2,500,006 $2,479,089 $2,500,012 $2,477,424 ($20,917) ($8,920) ($29,837)

$48,161 $92,761 $2,127,604

($22,588) ($43,505) ($1,011,494)

($9,632) ($18,552) ($425,521)

($32,220) ($62,058) ($1,437,014)

GRAND TOTAL

EXPECTED RETURN ON OFFSETTING OPTIONS CONTRIBUTED TO K2 TRADING
Max. Potential Profit Net Payout (#4 + #8 + on Restrike #9)
#9 #10

Case 1:05-cv-01067-MCW

Document 18-2

Filed 08/29/2008

Page 3 of 3

Date
#1

Buy/ Sell
#2

FX
#3

Maximum Potential Payoff
#4

Premium
#5

Net Premium
#6

Initial AIG Fee
#7

Outlay (#6+ #7)
#8

Expected Return
#11

Claimed Basis (#5)
#12

Ari Bergmann Revocable Trust
06/07/00 06/07/00 06/07/00 06/07/00 Buy Sell Buy Sell GBP GBP EUR EUR $328,262 $18,000,269 $17,843,546 $6,000,079 $5,945,539 ($156,722) ($65,652) ($222,375) $21,826 $127,714 ($54,276) $18,000,269

$116,429 $444,692

($54,540) ($211,263)

($23,286) ($88,938)

($77,826) ($300,201)

$5,667 $27,493

$44,270 $171,984

($19,327) ($73,603)

$6,000,079 $24,000,348

A.B.I.B. Family Partners Ltd. (Ari Bergmann)
06/07/00 06/07/00 06/07/00 06/07/00 Buy Sell Buy Sell GBP GBP EUR EUR $478,716 $26,250,381 $26,021,828 $8,750,114 $8,670,576 ($228,553) ($95,743) ($324,296) $31,830 $186,249 ($79,153) $26,250,381

$169,793 $648,508

($79,538) ($308,091)

($33,959) ($129,702)

($113,497) ($437,793)

$8,264 $40,094

$64,560 $250,809

($28,186) ($107,339)

$8,750,114 $35,000,495

Ari Bergmann 1999 Family Trust
06/07/00 06/07/00 06/07/00 06/07/00 Buy Sell Buy Sell GBP GBP EUR EUR $218,842 $12,000,179 $11,895,698 $4,000,056 $3,963,696 ($104,482) ($43,768) ($148,250) $14,551 $85,143 ($36,184) $12,000,179

$77,620 $296,461 $1,389,661

($36,360) ($140,842) ($660,196)

($15,524) ($59,292) ($277,932)

($51,884) ($200,134) ($938,128)

$3,778 $18,329 $85,916

$29,513 $114,656 $537,449

($12,885) ($49,069) ($230,011)

$4,000,056 $16,000,235 $75,001,078

Abraham J. Pfeiffer Revocable Trust
06/07/00 06/07/00 06/07/00 06/07/00 Buy Sell Buy Sell GBP GBP EUR EUR $136,776 $7,500,117 $7,434,816 $2,500,038 $2,477,312 ($65,301) ($27,355) ($92,656) $9,094 $53,214 ($22,615) $7,500,117

$48,512 $185,288

($22,725) ($88,026)

($9,702) ($37,058)

($32,428) ($125,084)

$2,361 $11,456

$18,446 $71,660

($8,052) ($30,667)

$2,500,038 $10,000,155

Woodleaf Trust (Michael Powlen)
06/07/00 06/07/00 06/07/00 06/07/00 Buy Sell Buy Sell GBP GBP EUR EUR $205,164 $11,250,168 $11,152,217 $3,750,054 $3,715,966 ($97,951) ($41,033) ($138,984) $13,641 $79,821 ($33,923) $11,250,168

$72,768 $277,932

($34,088) ($132,039)

($14,554) ($55,586)

($48,641) ($187,626)

$3,542 $17,183

$27,669 $107,490

($12,080) ($46,003)

$3,750,054 $15,000,222

Smita Conjeevaram 1999 Revocable Trust
06/07/00 06/07/00 06/07/00 06/07/00 Buy Sell Buy Sell GBP GBP EUR EUR $66,900 $3,750,081 $3,717,548 $1,250,113 $1,238,783 ($32,533) ($13,380) ($45,913) $2,495 $23,482 ($11,018) $3,750,081

$24,080 $90,980

($11,330) ($43,863)

($4,816) ($18,196)

($16,146) ($62,059)

$1,240 $3,736

$9,175 $32,657

($3,994) ($15,012)

$1,250,113 $5,000,194

Srini Conjeevaram 1999 Revocable Trust
06/07/00 06/07/00 06/07/00 06/07/00 Buy Sell Buy Sell GBP GBP EUR EUR $66,900 $3,750,081 $3,717,548 $1,250,113 $1,238,783 ($32,533) ($13,380) ($45,913) $2,495 $23,482 ($11,018) $3,750,081

$24,080 $90,980

($11,330) ($43,863)

($4,816) ($18,196)

($16,146) ($62,059)

$1,240 $3,736

$9,175 $32,657

($3,994) ($15,012)

$1,250,113 $5,000,194

Udai K. Puramsetti 1999 Revocable Trust
06/05/00 06/05/00 06/05/00 06/05/00 Buy Sell Buy Sell GBP GBP EUR EUR $44,600 $2,500,006 $2,479,089 $2,500,012 $2,477,424 ($20,917) ($8,920) ($29,837) n/a $14,763 ($7,399) $2,500,006

$48,161 $92,761

($22,588) ($43,505)

($9,632) ($18,552)

($32,220) ($62,058)

n/a

$15,941 $30,703

($7,990) ($15,389)

$2,500,012 $5,000,018

$2,127,604

($1,011,494)

($425,521)

($1,437,014)

$122,026

$812,615

($352,094)

$115,001,862