EFTA01919645.pdf

CASH FLOW APO GRAT GRAT APO APO PERCENTAGES SHARES CASH ANNUITY ANNUITY PERCENTAGES SHARES CASH CASH A/0 92,717,166 BALANCE PAY DATE PAY DATE A/O 92,717,166 DISTRIBUTION BALANCE 6/4/2004 7/1/2014 7/24/2014 7/24/2014 7/24/2014 8/30/2014 9/3/2014 CASH IN KIND 0.41 Black Family 1997 Trust 12.5498% 11,635,809 12.5498% 11,635,809 $ 4,770,682 4,770,682 LDB 2011 LLC 7.1685% 6,646,430 7.1685% 6,646,430 2,725,036 2,725,036 Leon Black 8.0017% 7,418,959 23,000,000 8.0017% 7,418,959 3,041,773 26,041,773 Leon Black - REC'D 0/5 GRAT 4.056449% 4.0564% 3,761,024 1,542,020 1,542,020 APO1 GRAT No. 1 ($34.14) 32.6532% 30,275,121 23,088,000 (23,000,000) -4.056449% 28.5968% 26,514,096 10,870,779 10,958,779 APO1 GRAT No. 2 ($29.70) 29.6181% 27,461,059 167,000 29.6181% 27,461,059 11,259,034 11,426,034 APO1 GRAT No. 3 ($32.78) 4.9554% 4,594,512 124,000 4.9554% 4,594,512 1,883,750 2,007,750 APO1 GRAT No. 4 ($25.17) 5.0533% 4,685,276 5.0533% 4,685,276 1,920,963 1,920,963 APO1 GRAT No. 5 ($27.80) APO1 GRAT No. 6 ($27.80) APO1 GRAT No. 7 ($27.80) 100.0000% 92,717,166 $ 23,379,000 100.0000% 92,717,165 $ 38,014,037 $ 61,393,037 BFP VALUE @ $27.80 GAV GAV 3,333,000,000 GAV 3,333,000,000 NAV NAV 2,140,000,000 NAV 2,140,000,000 % INTEREST TRANSFERRED 4.056449% % INTEREST TRANSFERRED 3.705888% GRAT 1 GRAT 2 TOTAL TOTAL 109,808,000 TOTAL 90,706,000 CASH CASH (23,000,000) CASH 11,400,000 IN-KIND IN-KIND 86,808,000 IN-KIND 79,306,000 Page 1 of 6 EFTA_R1_00362045 EFTA01919645  CASH FLOW GRAT GRAT APO APO GRAT GRAT ANNUITY ANNUITY GRAT # 5 PERCENTAGES SNARES CASH CASH ANNUITY ANNUITY PERCENTAGES PAY DATE PAY DATE FUNDING A/O 92,717,166 DISTRIBUTION BALANCE PAY DATE PAY DATE A/O 9/3/2014 9/3/2014 9/4/2014 9/15/2014 9/15/2014 9/15/2014 10/24/2014 10/24/2014 10/24/2014 CASH IN KIND 9/4/2014 5 0.07 CASH IN KIND Black Family 1997 Trust 12.5498% 11,635,809 $ 814,507 5,585,189 12.5498% LDB 2011 LLC 7.1685% 6,646,430 465,250 3,190,286 7.1685% Leon Black 15,300,000 8.0017% 7,418,959 519,327 41,861,100 12,700,000 8.0017% Leon Black - REC'D 0/S GRAT 4.7764% -8.8329% 0.0000% 1,542,020 4.5378% 4.5378% APO1 GRAT No. 1 ($34.14) 28.5968% 26,514,096 1,855,987 12,814,766 (12,700,000) -4.5378% 24.0590% APO1 GRAT No. 2 ($29.70) (11,400,000) -3.7059% 25.9122% 24,025,064 1,681,754 1,707,788 25.9122% APO1 GRAT No. 3 ($32.78) (2,000,000) -0.6146% 4.3408% 4,024,648 281,725 289,475 4.3408% APO1 GRAT No. 4 ($25.17) (1,900,000) -0.4559% 4.5974% 4,262,590 298,381 319,344 4.5974% APO1 GRAT No. 5 ($27.80) 8.8329% 8.8329% 8,189,569 573,270 573,270 8.8329% APO1 GRAT No. 6 ($27.80) APO1 GRAT No. 7 ($27.80) 100.0000% 92,717,165 $ 6,490,201 $ 67,883,238 100.0000% BFP VALUE @ $27.80 GAV 3,333,000,000 3,333,000,000 3,333,000,000 GAV 3,333,000,000 NAV 2,140,000,000 2,140,000,000 2,140,000,000 NAV 2,140,000,000 0.614626% 0.455888% 8.832850% % INTEREST TRANSFERRED 4.537780% 189,023,000 VALUE TRANSFERRED GRAT 3 GRAT 4 GRAT 1 TOTAL 15,153,000 11,656,000 TOTAL 109,808,497 CASH 2,000,000 1,900,000 CASH (12,700,000) IN-KIND 13,153,000 9,756,000 IN-KIND 97,108,497 Page 2 of 6 EFTA_R1_00362046 EFTA01919646  CASH FLOW APO APO APO APO GRAT GRAT SHARES SHARES SHARES PROCEEDS CASH CASH ANNUITY ANNUITY GRAT lt 6 PERCENTAGES 92,717,166 SALE AFT SALE $27.80 DISTRIBUTION BALANCE PAY DATE PAY DATE FUNDING A/0 10/24/2014 NOV 2014 NOV 30 2014 NOV 2014 11/30/2014 12/3/2014 12/3/2014 9/3/2014 12/4/2014 0.63 CASH IN KIND 12/4/2014 Black Family 1997 Trust 11,635,809 (1,003,983) 10,631,826 $ 27,911,000 $ 6,698,050 $ 40,194,239 12.5498% LDB 2011 LLC 6,646,430 (573,480) 6,072,950 15,943,000 3,825,959 22,959,245 7.1685% Leon Black 7,418,959 (640,137) 6,778,822 17,796,000 4,270,658 76,627,758 118,916,000 8.0017% Leon Black - REC'D 0/5 GRAT 4,207,301 (363,022) 3,844,279 10,092,000 2,421,896 14,055,916 1.020804% -5.558585% 0.0000% APO1 GRAT No. 1 ($34.14) 22,306,795 (1,924,718) 20,382,077 53,507,000 12,840,709 66,462,475 24.0590% APO1 GRAT No. 2 ($29.70) 24,025,064 (2,072,977) 21,952,087 57,628,000 13,829,815 73,165,603 (73,100,000) -0.874181% 25.0380% APO1 GRAT No. 3 ($32.78) 4,024,648 (347,262) 3,677,386 9,654,000 2,316,753 12,260,228 (12,200,000) -0.146624% 4.1942% APO1 GRAT No. 4 ($25.17) 4,262,590 (367,793) 3,894,797 10,225,000 2,453,722 12,998,066 (11,656,000) 4.5974% APO1 GRAT No. 5 ($27.80) 8,189,569 (706,628) 7,482,941 19,644,000 4,714,253 24,931,523 (21,960,000) 8.8329% APO1 GRAT No. 6 ($27.80) 5.558585%. 5.5586% APO1 GRAT No. 7 ($27.80) 92,717,165 (8,000,000) 84,717,165 $ 222,400,000 $ 53,371,815 $ 343,655,053 $ 100.0000% BFP VALUE @ $27.80 GAV GAV 3,115,000,000 3,115,000,000 3,333,000,000 3,115,000,000 NAV NAV 2,014,000,000 2,014,000,000 2,140,000,000 2,014,000,000 % INTEREST TRANSFERRED 0.874181% 0.146624% 5.558585% 0.000000% VALUE TRANSFERRED 118,954,000 GRAT 2 GRAT 3 GRAT 4 TOTAL TOTAL 90,706,000 15,153,000 11,656,000 CASH CASH 73,100,000 12,200,000 11,656,000 IN-KIND IN-KIND 17,606,000 2,953,000 Page 3 of 6 EFTA_R1_00362047 EFTA01919647  CASH FLOW APO APO GRAT GRAT APO APO SHARES CASH CASH ANNUITY ANNUITY PERCENTAGES SHARES CASH CASH 84,717,166 DISTRIBUTION BALANCE PAY DATE PAY DATE A/O 84,717,166 DISTRIBUTION BALANCE 12/4/2014 12/15/2015 12/15/2014 1/24/2015 1/24/2015 1/24/2015 1/24/2015 2/28/2015 2/28/2015 0.07 CASH IN KIND 0.52 Black Family 1997 Trust 10,631,826 $ 744,228 $ 40,938,467 12.5498% 10,631,826 $ 5,528,550 $ 46,467,017 LDB 2011 LLC 6,072,950 425,107 23,384,352 7.1685% 6,072,950 3,157,934 26,542,286 Leon Black 6,778,822 474,518 196,018,276 67,756,000 8.0017% 6,778,822 3,524,987 267,299,263 Leon Black - REC'D 0/S GRAT 14,055,916 3.177756% 3.1778% 2,692,105 1,399,895 15,455,811 APO1 GRAT No. 1 ($34.14) 20,382,078 1,426,745 67,889,220 (67,756,000) -3.177756% 20.8812% 17,689,973 9,198,786 9,332,006 APO1 GRAT No. 2 ($29.70) 21,211,507 1,484,805 1,550,408 25.0380% 21,211,507 11,029,984 12,580,392 AP01 GRAT No. 3 ($32.78) 3,553,171 248,722 308,950 4.1942% 3,553,171 1,847,649 2,156,599 APO1 GRAT No. 4 ($25.17) 3,894,797 272,636 1,614,702 4.5974% 3,894,797 2,025,294 3,639,996 APO1 GRAT No. 5 ($27.80) 7,482,941 523,806 3,495,329 8.8329% 7,482,941 3,891,129 7,386,458 APO1 GRAT No. 6 ($27.80) 4,709,075 329,635 329,635 5.5586% 4,709,075 2,448,719 2,778,354 APO1 GRAT No. 7 ($27.80) 84,717,167 $ 5,930,202 $ 349,585,255 100.0000% 84,717,167 $ 44,052,927 $ 393,638,182 BFP VALUE @ $27.80 GAV 3,115,000,000 GAV 3,115,000,000 GAV 3,115,000,000 3,115,000,000 NAV 2,014,000,000 NAV 2,014,000,000 NAV 2,014,000,000 2,014,000,000 0.000497% 3.177756% 4.783664% 0.648113% 11.63% ANNUITY % GRAT GRAT 1 GRAT 2 GRAT 3 TOTAL 21,970,000 TOTAL 131,756,000 TOTAL 108,843,000 15,153,000 CASH 21,960,000 CASH (67,756,000) CASH 12,500,000 2,100,000 IN-KIND 10,000 IN-KIND 64,000,000 IN-KIND 96,343,000 13,053,000 Page 4 of 6 EFTA_R1_00362048 EFTA01919648  CASH FLOW GRAT GRAT ANNUITY ANNUITY GRAT # 7 CASH PERCENTAGES CASH CASH PAY DATE PAY DATE FUNDING BALANCE % of A/O BALANCE BALANCE CASI 3/3/2015 3/3/2015 3/4/2015 TOTAL 3/4/2015 7/1/2014 3/4/2015 CHAN' CASH IN KIND 3/4/2015 Black Family 1997 Trust $ 46,467,017 12.5498% $ 46,467,017 $ 46,467,017 LDB 2011 LLC 26,542,286 7.1685% 26,542,286 26,542,286 Leon Black 28,200,000 295,499,263 75.1% 8.0017% 295,499,263 295,499,263 Leon Black - REC'O 0/S GRAT 7.1127% -10.2905% 15,455,811 3.9% 0.0000% 15,455,811 15,455,811 APO1 GRAT No. 1 ($34.14) 9,332,006 20.8812% 23,088,000 9,332,006 (13,755,994) APO1 GRAT No. 2 ($29.70) (12,500,000) -4.7837% 80,392 20.2544% 167,000 80,392 (86,608) APO1 GRAT No. 3 ($32.78) (2,100,000) -0.6481% 56,599 3.5460% 124,000 56,599 (67,401) APO1 GRAT No. 4 ($25.17) (3,600,000) -0.4000% 39,996 4.1974% 39,996 39,996 APO1 GRAT No. 5 ($27.80) (7,300,000) -0.7284% 86,458 8.1044% 86,458 86,458 APO1 GRAT No. 6 ($27.80) (2,700,000) -0.5525% 78,354 5.0061% 78,354 78,354 APO1 GRAT No. 7 ($27.80) 10.2905% 10.2905% 0.0000% 0.0000% $ 393,638,182 79.00% 100.0000% $ 23,379,000 $ 393,638,182 $ 370,259,182 BFP VALUE @ $27.80 APO DISTRIB $ 147,859,182 GAV 3,115,000,000 3,115,000,000 3,115,000,000 APO EXCHANGE 222,400,000 NAV 2,014,000,000 2,014,000,000 2,014,000,000 370,259,182 0.400000% 0.728401% 0.552532% 11.63% 11.63% ANNUITY % GRAT 4 GRAT GRAT 6 TOTAL 11,656,000 21,970,000 13,828,000 CASH 3,600,000 7,300,000 2,700,000 IN-KIND 8,056,000 14,670,000 11,128,000 Page 5 of 6 EFTA_R1_00362049 EFTA01919649  CASH FLOW GRAT VALUE OF GRAT GRAT ANNUITY BFP LP GRAT ANNUITY ANNUITY PAYABLE $27.80 OVER OVER PAYABLE PAID 3/4/2015 3/4/2015 (UNDER) (UNDER) @ FORMATION LTD NAV % of Initial Annuity Black Family 1997 Trust $ 252,753,000 LDB 2011 LLC 144,374,000 Leon Black 161,154,000 Leon Black - REC'D O/S GRAT APO1 GRAT No. 1 ($34.14) 395,268,845 420,548,000 25,279,155 2.62% 966,258,336 570,989,491 APO1 GRAT No. 2 ($29.70) 326,528,556 407,923,000 81,394,444 10.20% 798,195,450 471,666,894 APO1 GRAT No. 3 ($32.78) 72,724,864 71,417,000 (1,307,864) 133,336,476 60,611,612 APO1 GRAT No. 4 ($25.17) 67,598,633 84,536,000 16,937,367 16.51% 102,566,633 34,968,000 APO1 GRAT No. 5 ($27.80) 149,809,000 163,224,000 13,415,000 6.92% 193,749,000 43,940,000 APO1 GRAT No. 6 ($27.80) 108,100,000 100,822,000 (7,278,000) -5.97% 121,928,000 13,828,000 APO1 GRAT No. 7 ($27.80) 212,431,000 207,250,000 (5,181,000) -2.44% 212,431,000 $ 1,332,460,898 $ 2,014,001,000 $ 123,259,102 $ 2,528,464,895 $ 1,196,003,997 BFP VALUE @ $27.80 GAV GAV 3,115,000,000 NAV NAV 2,014,000,000 TOTAL CASH IN-KIND Page 6 of 6 EFTA_R1_00362050 EFTA01919650