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This statement summarizes the investment portfolio of Jose Ernesto Buceta for the period of May 1, 2012 to May 31, 2012. It shows that his account value decreased from $368,275.92 to $250,027.11 over the period. His portfolio is entirely invested in mutual funds, with holdings in 5 different funds. The largest positions are in Templeton Global Bond Fund and Templeton Global Total Return Fund. The statement also provides details on deposits, withdrawals, dividends/interest earned, and the change in account value over the period.
This statement summarizes the investment portfolio of Jose Ernesto Buceta for the period of May 1, 2012 to May 31, 2012. It shows that his account value decreased from $368,275.92 to $250,027.11 over the period. His portfolio is entirely invested in mutual funds, with holdings in 5 different funds. The largest positions are in Templeton Global Bond Fund and Templeton Global Total Return Fund. The statement also provides details on deposits, withdrawals, dividends/interest earned, and the change in account value over the period.
This statement summarizes the investment portfolio of Jose Ernesto Buceta for the period of May 1, 2012 to May 31, 2012. It shows that his account value decreased from $368,275.92 to $250,027.11 over the period. His portfolio is entirely invested in mutual funds, with holdings in 5 different funds. The largest positions are in Templeton Global Bond Fund and Templeton Global Total Return Fund. The statement also provides details on deposits, withdrawals, dividends/interest earned, and the change in account value over the period.
TUCUMAN 2163 3- B BUENOS AIRES 1050 ARGENTINA B0079489CSF30008 Asset Al l ocat i on Last Period This Period % Allocation Mut ual Funds
292, 739.46 252, 564.11 100% Equi t i es
75, 536.46 -2, 537.00 0% Account Total $368, 275.92 $250, 027.11 100% Your Account is 100% invested in Mutual Funds. Account Number : HAX- 039077 Statement Per i od: 05/ 01/ 2012 - 05/ 31/ 2012 Val uat i on at a Gl ance This Period Begi nni ng Account Val ue $368, 275.92 Cash Deposi t s 84, 244.17 Cash Wi t hdrawal s -168, 761.03 Di vi dends/ Int erest 243.95 Change i n Account Val ue -33, 975.90 Endi ng Account Val ue $250, 027.11 HERNAN SAPIA ( 787) 756-4998 Page 1 of 10 JOSE ERNESTO BUCETA B0079489CSF30008 Account Num ber: HAX-039077 Page 2 of 10 For Your I nf or mat i on
Disclosure Regarding Securities Lending in Margin Accounts If you have a margin account, pursuant to your Margin Agreement with Pershing LLC and as permitted by law, margin securities in your account, may be used for, among other things, settling short sales and lending the securities for short sales. As a result, Pershing and your financial organization may receive compensation in connection therewith. Further, Pershing does not lend fully paid for securities without your written permission. Please contact your financial organization if you have any questions. Inscrbase para recibir estados de cuenta por medio de Paperless Statements y descubra cmo puede aprovechar al mximo el acceso por Internet. Para obtener ms informacin, favor de comunicarse con su Asesor Financiero. Cl i ent Ser vi ce I nf or mat i on I denti fi cati on Number : A12 Contact I nfor mati on HERNAN SAPIA PO BOX 70263 SAN JUAN PR 00936-8263 Tel ephone Number : ( 787) 756-4998 Defaul t Tax Lot Di sposi ti on M ethod for M utual Funds : AVERAGE COST ( USING FIRST IN FIRST OUT) Defaul t Tax Lot Di sposi ti on M ethod for Stocks i n a Di vi dend Rei nvestment Pl an: FIRST IN FIRST OUT Defaul t Tax Lot Di sposi ti on M ethod for Al l Other Secur i ti es: FIRST IN FIRST OUT Por t f ol i o Hol di ngs Quantity Description Market Price Market Value Estimated Yield Equi ti es 0.00% of Port f olio Opti ons - 43.000 CALL 100 PETROLEO BRASI LEI RO SA PETROBRAS SPONSORED ADR EXP 06-01-12@ 19.000 OPTION ROOT= PBR 0.5900 - 2, 537.00 Opt i on Ident i f i er: 99QAB37R3 Underl yi ng Securi t y Pri ce: $19.56 Underl yi ng Securi t y Ident i f i er: PBR Total Opti ons - $2, 537.00 Total Equi ti es - $2, 537.00 JOSE ERNESTO BUCETA B0079489CSF30008 Statement Per i od: 05/ 01/ 2012 - 05/ 31/ 2012 Account Num ber: HAX-039077 Page 3 of 10 Por t f ol i o Hol di ngs ( conti nued) Quantity Description Market Price Market Value Estimated Yield M utual Funds 100.00% of Port f olio M utual Funds 275.946 LEGG M ASON ROYCE U.S. SM ALL CAP OPPORTUNITY FD CL B US$ DIST ( A) ( OFFSHORE) Open End Fund Di vi dend Opt i on: Rei nvest ; Capi t al Gai ns Opt i on: Rei nvest 267.2100 73, 735.53 Securi t y Ident i f i er: G54417517 3, 748.502 TEM PLETON GLOBAL BOND FUND U.S. DOLLAR CLASS B OFFSHORE Open End Fund Di vi dend Opt i on: Rei nvest ; Capi t al Gai ns Opt i on: Rei nvest 19.6600 73, 695.55 Securi t y Ident i f i er: L4058R704 Est i m at ed Pri ce as of Dat e: 05/ 30/ 12 3, 744.206 TEM PLETON GLOBAL TOTAL RETURN FUND CLASS B ( DIS) ( OFFSHORE) Open End Fund Di vi dend Opt i on: Rei nvest ; Capi t al Gai ns Opt i on: Rei nvest 16.0400 60, 057.06 Securi t y Ident i f i er: L4058W554 Est i m at ed Pri ce as of Dat e: 05/ 30/ 12 1, 294.118 M FS EM ERGI NG M ARKETS DEBT FUND CLASS B2 ( OFFSHORE) Open End Fund Di vi dend Opt i on: Cash; Capi t al Gai ns Opt i on: Rei nvest 17.5400 22, 698.83 Securi t y Ident i f i er: L63653304 Est i m at ed Pri ce as of Dat e: 05/ 30/ 12 482.370 FRANKLI N M UTUAL BEACON FUND CLASS A ( ACC) ( OFFSHORE) ISIN LU0070302665 Open End Fund Di vi dend Opt i on: Rei nvest ; Capi t al Gai ns Opt i on: Rei nvest 46.3900 22, 377.14 Securi t y Ident i f i er: L90262236 Total M utual Funds $252, 564.11 Total M utual Funds $252, 564.11 JOSE ERNESTO BUCETA B0079489CSF30008 Account Num ber: HAX-039077 Page 4 of 10 Por t f ol i o Hol di ngs ( conti nued) Description Market Value Accrued I nterest Total Por tfol i o Hol di ngs $250, 027.11 $0.00 Disclosures and Other Information Pricing - This section includes the net market value of the securities in your account on a settlement date basis, including short positions, at the close of the statement period. The market prices have been obtained from quotation services, which we believe to be reliable; however, we cannot guarantee their accuracy. Securities for which a price is not available are marked "N/A" and are omitted from the Total. The estimated annual income (EAI) and estimated current yield (ECY) figures are estimates and for informational purposes only. These figures are not considered to be a forecast or guarantee of future results. These figures are computed using information from providers believed to be reliable; however, no assurance can be made as to the accuracy. Since interest and dividend rates are subject to change at any time, and may be affected by current and future economic, political, and business conditions, they should not be relied on for making investment, trading, or tax decisions. These figures assume that the position quantities, interest and dividend rates, and prices remain constant. A capital gain or return of principal may be included in the figures for certain securities, thereby overstating them. Refer to www.pershing.com/business_continuity.html for specific details as to formulas used to calculate the figures. Accrued interest represents interest earned but not yet received. The Estimated Price as of Date only appears when the price date does not equal the statement date and the price indicated is estimated since it is not reflective of a last trade price on a recognized exchange. Reinvestment - The dollar amount of Mutual Fund distributions, Money Market Fund dividend income, Bank Deposit interest income, or dividends for other securities shown on your Statement may have been reinvested. You will not receive confirmation of these reinvestments. However, information pertaining to these transactions which would otherwise appear on confirmations, including the time of execution and the name of the person from whom your security was purchased, will be furnished to you upon written request to your introducing firm. In dividend reinvestment transactions, Pershing acts as your agent and receives payment for order flow, the source and nature of which payment will be furnished to you upon written request to your introducing firm. Option Disclosure - Information with respect to commissions and other charges incurred in connection with the execution of option transactions has been included in confirmations previously furnished to you. A summary of this information is available to you promptly upon your written request directed to your introducing firm. In order to assist your introducing firm in maintaining current background and financial information concerning your option accounts, please promptly advise them in writing of any material change in your investment objectives or financial situation. Expiring options which are valuable are exercised automatically pursuant to the exercise by exception procedure of the Options Clearing Corporation. Additional information regarding this procedure is available upon written request to your introducing firm. Foreign Currency Transactions - Pershing may execute foreign currency transactions as principal for your account. Pershing may automatically convert foreign currency to or from U.S. dollars for dividends and similar corporate action transactions unless you instruct your financial organization otherwise. Pershing's currency conversion rate will not exceed the highest interbank conversion rate identified from customary banking sources on the conversion date or the prior business day, increased by up to 1%, unless a particular rate is required by applicable law. Your financial organization may also increase the currency conversion rate. This conversion rate may differ from rates in effect on the date you executed a transaction, incurred a charge, or received a credit. Transactions converted by agents (such as depositories) will be billed at the rates such agents use. Proxy Vote - Securities held by you on margin (securities not fully paid for by you) may be lent by Pershing to itself or others in accordance with the terms outlined in the Margin Agreement. The right to vote your shares held on margin will be reduced by the amount of shares on loan. The Proxy Voting Instruction Form sent to you may reflect a smaller number of shares entitled to vote than the number of shares in your margin account. Act i vi t y Summar y (All amounts shown are in base currency: USD) Credits This Period Year- to- Date Debits This Period Year- to- Date Secur i ti es Secur i ti es Securi t i es Sol d 175, 581.99 455, 070.68 Securi t i es Bought -91, 309.08 -373, 914.47 Total Secur i ti es $175, 581.99 $455, 070.68 Total Secur i ti es - $91, 309.08 - $373, 914.47 Cash Cash Deposi t s 84, 244.17 365, 830.65 Wi t hdrawal s -168, 761.03 -452, 763.61 Total Cash $84, 244.17 $365, 830.65 Total Cash - $168, 761.03 - $452, 763.61 JOSE ERNESTO BUCETA B0079489CSF30008 Statement Per i od: 05/ 01/ 2012 - 05/ 31/ 2012 Account Num ber: HAX-039077 Page 5 of 10 Act i vi t y Summar y ( conti nued) Credits This Period Year- to- Date Debits This Period Year- to- Date Addi ti onal Tr ansacti ons Addi ti onal Tr ansacti ons Di vi dends and Int erest 243.95 7, 557.43 Di vi dends and Int erest 0.00 0.00 Taxes Wi t hhel d 0.00 0.00 Taxes Wi t hhel d 0.00 -1, 780.68 Total Addi ti onal Tr ansacti ons $243.95 $7, 557.43 Total Addi ti onal Tr ansacti ons $0.00 - $1, 780.68 Total Cr edi ts $260, 070.11 $828, 458.76 Total Debi ts - $260, 070.11 - $828, 458.76 Tr ansact i ons i n Dat e Sequence Process/ Settlement Date Trade/ Transaction Date Activity Type Description Quantity Price Accrued I nterest Amount CCY 05/ 02/ 12 05/ 01/ 12 SOLD 99QABXMUB CALL 100 PETROLEO BRASILEIRO SPON ADR EXP 05-19-12@ 24.000 OPENING TRANSACTION UNSOLICITED ORDER ALLOCATED ORDER YOUR BROKER ACTED AS AGENT -30.000 0.4400 1, 294.18 USD 05/ 02/ 12 FOREIGN SECURITY DIVIDEND RECEIVED L63653304 MFS EMERGING MARKETS DEBT FUND CLASS B2 ( OFFSHORE) 1294.1180 SHRS RD 04/ 27 PD 04/ 30/ 12 75.67 USD 05/ 02/ 12 BANK SETTLEMENT ACTIVITY USD999997 PAYMENT FR TRANSACTION ACCOUNT -1, 294.18 USD 05/ 03/ 12 BANK SETTLEMENT ACTIVITY USD999997 PAYMENT FR TRANSACTION ACCOUNT -75.67 USD 05/ 08/ 12 CUSIP CHANGE L4058T148 TEMPLETON GLOBAL TOTAL RETURN FUND CLASS B ( DIS) * C/ C* L4058W554 EFF 05/ 08/ 12 -3, 736.883 0.00 USD 05/ 08/ 12 CUSIP CHANGE L4058W554 TEMPLETON GLOBAL TOTAL RETURN FUND CLASS B ( DIS) ( OFFSHORE) 3, 736.883 0.00 USD 05/ 09/ 12 05/ 04/ 12 PURCHASED PBR PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR UNSOLICITED ORDER PERSHING LLC MAKES A MKT IN THIS SEC & ACTED AS PRINCIPAL 300.000 22.2800 -6, 713.95 USD 05/ 09/ 12 BANK SETTLEMENT ACTIVITY USD999997 PAYMENT TO TRANSACTION ACCOUNT 6, 713.95 USD 05/ 10/ 12 05/ 09/ 12 PURCHASED 99QABXMUB CALL 100 PETROLEO BRASILEIRO SPON ADR EXP 05-19-12@ 24.000 CLOSING TRANSACTION UNSOLICITED ORDER 30.000 0.0500 -174.15 USD JOSE ERNESTO BUCETA B0079489CSF30008 Account Num ber: HAX-039077 Page 6 of 10 Tr ansact i ons i n Dat e Sequence ( conti nued) Process/ Settlement Date Trade/ Transaction Date Activity Type Description Quantity Price Accrued I nterest Amount CCY 05/ 10/ 12 BANK SETTLEMENT ACTIVITY USD999997 PAYMENT TO TRANSACTION ACCOUNT 174.15 USD 05/ 15/ 12 05/ 14/ 12 SOLD 99QABXMT8 CALL 100 PETROLEO BRASILEIRO SPON ADR EXP 05-19-12@ 21.000 OPENING TRANSACTION UNSOLICITED ORDER ALLOCATED ORDER YOUR BROKER ACTED AS AGENT -35.000 0.1900 638.59 USD 05/ 15/ 12 BANK SETTLEMENT ACTIVITY USD999997 PAYMENT FR TRANSACTION ACCOUNT -638.59 USD 05/ 16/ 12 05/ 15/ 12 PURCHASED 99QABXMT8 CALL 100 PETROLEO BRASILEIRO SPON ADR EXP 05-19-12@ 21.000 CLOSING TRANSACTION UNSOLICITED ORDER ALLOCATED ORDER YOUR BROKER ACTED AS AGENT 35.000 0.0700 -270.80 USD 05/ 16/ 12 BANK SETTLEMENT ACTIVITY USD999997 PAYMENT TO TRANSACTION ACCOUNT 270.80 USD 05/ 17/ 12 05/ 14/ 12 PURCHASED PBR PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR UNSOLICITED ORDER PERSHING LLC MAKES A MKT IN THIS SEC & ACTED AS PRINCIPAL 200.000 20.0691 -4, 043.77 USD 05/ 17/ 12 05/ 14/ 12 SOLD RDS B ROYAL DUTCH SHELL PLC SPONSORED ADR REPSTG B SHS ISIN# US7802591070 UNSOLICITED ORDER -67.000 66.9501 4, 455.60 USD 05/ 17/ 12 05/ 16/ 12 SOLD 99QAB0K86 CALL 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 06-16-12@ 22.000 OPTION ROOT= PBR OPENING TRANSACTION UNSOLICITED ORDER -35.000 0.3000 1, 023.04 USD 05/ 17/ 12 FOREIGN SECURITY DIVIDEND RECEIVED L4058R704 TEMPLETON GLOBAL BOND FUND U.S. DOLLAR CLASS B OFFSHORE 3746.3100 SHRS RD 05/ 08 PD 05/ 16/ 12 44.96 USD 05/ 17/ 12 REINVEST CASH INCOME L4058R704 TEMPLETON GLOBAL BOND FUND U.S. DOLLAR CLASS B OFFSHORE 3746.3100 SHRS SHRS PURCH. AT $20.51000 RD 05/ 08 PD 05/ 16/ 12 2.192 -44.96 USD 05/ 17/ 12 FOREIGN SECURITY DIVIDEND RECEIVED L4058W554 TEMPLETON GLOBAL TOTAL RETURN FUND CLASS B ( DIS) ( OFFSHORE) 3736.8830 SHRS RD 05/ 08 PD 05/ 16/ 12 123.32 USD 05/ 17/ 12 REINVEST CASH INCOME L4058W554 TEMPLETON GLOBAL TOTAL RETURN FUND CLASS B ( DIS) ( OFFSHORE) 3736.8830 SHRS SHRS PURCH. AT $16.84000 RD 05/ 08 PD 05/ 16/ 12 7.323 -123.32 USD 05/ 17/ 12 BANK SETTLEMENT ACTIVITY USD999997 PAYMENT FR TRANSACTION ACCOUNT -1, 434.87 USD 05/ 18/ 12 05/ 17/ 12 PURCHASED 99QAB0K91 PUT 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 06-16-12@ 18.000 OPTION ROOT= PBR OPENING TRANSACTION UNSOLICITED ORDER 10.000 0.3900 -408.40 USD 05/ 18/ 12 05/ 17/ 12 PURCHASED 99QAB0K92 PUT 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 06-16-12@ 19.000 OPTION ROOT= PBR OPENING TRANSACTION UNSOLICITED ORDER 10.000 0.6940 -712.82 USD JOSE ERNESTO BUCETA B0079489CSF30008 Statement Per i od: 05/ 01/ 2012 - 05/ 31/ 2012 Account Num ber: HAX-039077 Page 7 of 10 Tr ansact i ons i n Dat e Sequence ( conti nued) Process/ Settlement Date Trade/ Transaction Date Activity Type Description Quantity Price Accrued I nterest Amount CCY 05/ 18/ 12 05/ 17/ 12 PURCHASED 99QAB2FIP PUT 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 05-25-12@ 18.000 OPTION ROOT= PBR OPENING TRANSACTION UNSOLICITED ORDER 10.000 0.2000 -218.13 USD 05/ 18/ 12 BANK SETTLEMENT ACTIVITY USD999997 PAYMENT TO TRANSACTION ACCOUNT 1, 339.35 USD 05/ 21/ 12 05/ 18/ 12 SOLD 99QAB0K91 PUT 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 06-16-12@ 18.000 OPTION ROOT= PBR CLOSING TRANSACTION UNSOLICITED ORDER -10.000 0.4500 431.50 USD 05/ 21/ 12 05/ 18/ 12 PURCHASED 99QAB0K92 PUT 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 06-16-12@ 19.000 OPTION ROOT= PBR OPENING TRANSACTION UNSOLICITED ORDER 10.000 0.7100 -721.45 USD 05/ 21/ 12 05/ 18/ 12 PURCHASED 99QAB0K92 PUT 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 06-16-12@ 19.000 OPTION ROOT= PBR OPENING TRANSACTION UNSOLICITED ORDER 10.000 0.7400 -751.47 USD 05/ 21/ 12 05/ 18/ 12 SOLD 99QAB0K92 PUT 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 06-16-12@ 19.000 OPTION ROOT= PBR CLOSING TRANSACTION UNSOLICITED ORDER -10.000 0.7600 741.07 USD 05/ 21/ 12 05/ 18/ 12 PURCHASED 99QAB2FIQ PUT 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 05-25-12@ 19.000 OPTION ROOT= PBR EXC ON BOX EXCH OPENING TRANSACTION 10.000 0.3400 -358.33 USD 05/ 21/ 12 BANK SETTLEMENT ACTIVITY USD999997 PAYMENT TO TRANSACTION ACCOUNT 658.68 USD 05/ 22/ 12 05/ 21/ 12 SOLD 99QAB0K85 CALL 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 06-16-12@ 21.000 OPTION ROOT= PBR OPENING TRANSACTION UNSOLICITED ORDER -2.000 0.5700 98.42 USD 05/ 22/ 12 05/ 21/ 12 SOLD 99QAB0K92 PUT 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 06-16-12@ 19.000 OPTION ROOT= PBR CLOSING TRANSACTION UNSOLICITED ORDER -10.000 0.4300 411.54 USD 05/ 22/ 12 05/ 21/ 12 SOLD 99QAB2FIQ PUT 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 05-25-12@ 19.000 OPTION ROOT= PBR CLOSING TRANSACTION UNSOLICITED ORDER -10.000 0.1000 82.00 USD 05/ 22/ 12 BANK SETTLEMENT ACTIVITY USD999997 PAYMENT FR TRANSACTION ACCOUNT -591.96 USD JOSE ERNESTO BUCETA B0079489CSF30008 Account Num ber: HAX-039077 Page 8 of 10 Tr ansact i ons i n Dat e Sequence ( conti nued) Process/ Settlement Date Trade/ Transaction Date Activity Type Description Quantity Price Accrued I nterest Amount CCY 05/ 23/ 12 05/ 18/ 12 SOLD L4058R274 FRANKLIN MUTUAL EUROPEAN FUND CLASS A ( ACC) ( OFFSHORE) 508091 SOLICITED ORDER -1, 021.099 19.7000 20, 115.65 USD 05/ 23/ 12 05/ 22/ 12 PURCHASED 99QAB0K85 CALL 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 06-16-12@ 21.000 OPTION ROOT= PBR CLOSING TRANSACTION UNSOLICITED ORDER 2.000 0.4800 -111.54 USD 05/ 23/ 12 05/ 22/ 12 PURCHASED 99QAB0K86 CALL 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 06-16-12@ 22.000 OPTION ROOT= PBR CLOSING TRANSACTION UNSOLICITED ORDER 35.000 0.3300 -1, 182.08 USD 05/ 23/ 12 BANK SETTLEMENT ACTIVITY USD999997 PAYMENT FR TRANSACTION ACCOUNT -18, 822.03 USD 05/ 24/ 12 05/ 21/ 12 PURCHASED PBR PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR UNSOLICITED ORDER PERSHING LLC MAKES A MKT IN THIS SEC & ACTED AS PRINCIPAL 200.000 20.2791 -4, 085.77 USD 05/ 24/ 12 BANK SETTLEMENT ACTIVITY USD999997 PAYMENT TO TRANSACTION ACCOUNT 4, 085.77 USD 05/ 25/ 12 05/ 24/ 12 SOLD 99QAB0K92 PUT 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 06-16-12@ 19.000 OPTION ROOT= PBR CLOSING TRANSACTION UNSOLICITED ORDER -10.000 0.8900 870.88 USD 05/ 25/ 12 05/ 24/ 12 SOLD 99QAB2FH9 CALL 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 05-25-12@ 19.000 OPTION ROOT= PBR OPENING TRANSACTION UNSOLICITED ORDER -37.000 0.3186 1, 151.25 USD 05/ 25/ 12 BANK SETTLEMENT ACTIVITY USD999997 PAYMENT FR TRANSACTION ACCOUNT -2, 022.13 USD 05/ 29/ 12 05/ 23/ 12 SOLD PBR PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR UNSOLICITED ORDER PERSHING LLC MAKES A MKT IN THIS SEC & ACTED AS PRINCIPAL AVERAGE UNIT PRICE TRANSACTION YOUR BROKER ACTED AS AGENT -3, 700.000 19.3804 71, 562.77 USD 05/ 29/ 12 05/ 26/ 12 YOUR OPTION EXPIRED 99QAB2FIP PUT 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR CREDIT ACCOUNT -10.000 0.00 USD 05/ 29/ 12 BANK SETTLEMENT ACTIVITY USD999997 PAYMENT FR TRANSACTION ACCOUNT -71, 562.77 USD 05/ 29/ 12 YOUR OPTION ASSIGNED 99QAB2FH9 CALL 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 05-25-12@ 19.000 OPTION ROOT= PBR PBR-H9 CLOSING TRANSACTION 37.000 0.00 USD 05/ 30/ 12 05/ 24/ 12 PURCHASED PBR PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR UNSOLICITED ORDER PERSHING LLC MAKES A MKT IN THIS SEC & ACTED AS PRINCIPAL AVERAGE UNIT PRICE TRANSACTION YOUR BROKER ACTED AS AGENT 3, 700.000 19.2289 -71, 289.49 USD 05/ 30/ 12 05/ 29/ 12 SOLD 99QAB37R4 CALL 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 06-01-12@ 20.000 OPTION ROOT= PBR OPENING TRANSACTION UNSOLICITED ORDER -9.000 0.3400 288.02 USD JOSE ERNESTO BUCETA B0079489CSF30008 Statement Per i od: 05/ 01/ 2012 - 05/ 31/ 2012 Account Num ber: HAX-039077 Page 9 of 10 Tr ansact i ons i n Dat e Sequence ( conti nued) Process/ Settlement Date Trade/ Transaction Date Activity Type Description Quantity Price Accrued I nterest Amount CCY 05/ 30/ 12 BANK SETTLEMENT ACTIVITY USD999997 PAYMENT TO TRANSACTION ACCOUNT 71, 001.47 USD 05/ 31/ 12 05/ 25/ 12 SOLD PBR PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR ACCT OPT ASSIGNED -3, 700.000 19.0000 70, 273.47 USD 05/ 31/ 12 05/ 30/ 12 SOLD 99QAB37R3 CALL 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 06-01-12@ 19.000 OPTION ROOT= PBR OPENING TRANSACTION UNSOLICITED ORDER -9.000 0.4900 434.53 USD 05/ 31/ 12 05/ 30/ 12 SOLD 99QAB37R3 CALL 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 06-01-12@ 19.000 OPTION ROOT= PBR OPENING TRANSACTION UNSOLICITED ORDER -34.000 0.5100 1, 709.48 USD 05/ 31/ 12 05/ 30/ 12 PURCHASED 99QAB37R4 CALL 100 PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR EXP 06-01-12@ 20.000 OPTION ROOT= PBR CLOSING TRANSACTION UNSOLICITED ORDER 9.000 0.0900 -98.65 USD 05/ 31/ 12 BANK SETTLEMENT ACTIVITY USD999997 PAYMENT FR TRANSACTION ACCOUNT -72, 318.83 USD Total Val ue of al l Tr ansacti ons $0.00 $0.00 The price and quantity displayed may have been rounded. Tr ades Not Set t l ed Settlement Date Trade Date Activity Type Description Quantity Price Accrued I nterest Settlement Amount 06/ 01/ 12 05/ 29/ 12 Buy PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR UNSOLICITED ORDER PERSHING LLC MAKES A MKT IN THIS SEC & ACTED AS PRINCIPAL AVERAGE UNIT PRICE TRANSACTION 900.000 19.8793 0.00 -17, 927.15 06/ 04/ 12 05/ 30/ 12 Buy PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR UNSOLICITED ORDER PERSHING LLC MAKES A MKT IN THIS SEC & ACTED AS PRINCIPAL ALLOCATED ORDER YOUR BROKER 3, 400.000 19.3200 0.00 -65, 819.38 Total Amount of Tr ades Not Settl ed - $83, 746.53 JOSE ERNESTO BUCETA B0079489CSF30008 Account Num ber: HAX-039077 Page 10 of 10 I ncome and Expense Summar y Current Period Year- to- Date Taxable Non Taxable Taxable Non Taxable Di vi dend I ncome Equi t i es 243.95 0.00 7, 557.43 0.00 Total Di vi dends, I nter est, I ncome and Expenses $243.95 $0.00 $7, 557.43 $0.00 M essages
Portfolio diversification is an important element to consider when making investment decisions. Academic studies and real-world experience have shown that asset allocation is the key factor in long-term investment performance. By choosing a diversified mix of stocks, bonds and other asset classes, investors may create the portfolios that best match their financial goals and tolerance for risk. Concentrated positions entail greater risks than a diversified portfolio. A concentrated position may be defined as the significant presence of a single security, securities of a single issuer or a certain class of security in an investor's portfolio. No single formula or percentage of a particular security or class of securities suits all investors. If you wish to discuss portfolio diversification in further detail, please contact your Financial Consultant. I mpor t ant Ar bi t r at i on Di scl osur es and I mpor t ant Ar bi t r at i on Agr eement Important Arbitration Disclosures All parties to this agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which a claim is filed. Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited. The ability of the parties to obtain documents, witness statements and other discovery is generally more limited in arbitration than in court proceedings. The arbitrators do not have to explain the reason(s) for their award, unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the panel at least 20 days prior to the first scheduled hearing date. The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry. The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court. The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this agreement. Important Arbitration Agreement Any controversy between you and Pershing LLC shall be submitted to arbitration before the Financial Industry Regulatory Authority. No person shall bring a putative or certified class action to arbitration, nor seek to enforce any predispute arbitration agreement against any person who has initiated in court a putative class action, who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until; (I) the class certification is denied; (II) the class is decertified; or (III) the client is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this agreement except to the extent stated herein. The laws of the State of New York govern. Pershing's contact information is as follows: Pershing LLC; Legal Department; One Pershing Plaza; Jersey City, New Jersey 07399; (201) 413-3330.