Disclosures for universe of: Safa Rashtchy


1. I or a household member have a financial interest in the securities of the following companies: none

2. I or a household member is an officer, director, or advisory board member of the following companies: none

3. I have received compensation within the past 12 months from the following companies : none

4. Piper Jaffray or its affiliates beneficially own 1% or more of any class of common equities of the following companies: none

5. The following companies have been investment banking clients of Piper Jaffray during the past 12 months:
BIDU, CTRP, FMCN, GOOG, HRAY, JOBS, MCHX, SOLD

6. Piper Jaffray expects to have the following companies as investment banking clients within the next three months: none

7. Other material conflicts of interest for Safa Rashtchy or Piper Jaffray regarding companies in my universe for which I am aware include:
BIDU, FMCN, HRAY, MCHX: underwriting

8. Piper Jaffray received non-investment banking securities-related compensation from the following companies during the past 12 months:
DRIV, JOBS, LTON, SNDA

9. Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis:
AMZN, BIDU, CNET, CTRP, DRIV, EBAY, FMCN, GOOG, HRAY, JOBS, SOLD, INSP, IACI, LTON, MCHX, NTES, NFLX, SNDA, SINA, SOHU, TOMO, UNTD, WSSI, YHOO