HomeMy WebLinkAbout99-06232
CHARLES SCHWAB & CO., INC.
Plaintiff
V.
BRIAN SHEAFFER,
Defendant
: IN THE COURT OF COMMON PLEAS OF
: CUMBERLAND COUNTY, PENNSYLVANIA
: CIVIL ACTION LAW
:NO. 99- 4?1;,_.CIVIL TERM
ORDER OF Q
AND NOW, this day of 1999, upon consideration
of Plaintiffs Petition to Confirm Arbitration Award, and it appearing that the application has
been made more than thirty (30) days after the award is made by the Arbitrator in this case
and pursuant to the Judicial Code 42 Pa.C.S.A. §7342 it is hereby ordered that the award
of the Arbitrator is confirmed and the Prothonotary of Cumberland County shall enter a
judgment in conformity with the Order upon Praecipe of the Plaintiff.
BY THE COURT,
OF ?- FILED-of ::ICE
OTARY
99 OCT 18 AN 11: 42
PENNGMAj?
Ili p r
A. ,,
CHARLES SCHWAB & CO., INC.
Plaintiff
V.
: IN THE COURT OF COMMON PLEAS OF
: CUMBERLAND COUNTY, PENNSYLVANIA
CIVIL ACTION LAW
BRIAN SHEAFFER, : NO. 99- CIVIL TERM
Defendant
PETITION TO CONFIRM ARBITRATION AWARD
TO THE HONORABLE JUDGES OF THE SAID COURT:
NOW COMES the Plaintiff, Charles Schwab & Co., Inc., ("Plaintiff' or "Schwab"), by
and through its attorneys, Turo Law Offices and pursuant to 42 Pa. Cons. Stat. Ann.
§§7301 at. seq., respectfully applies to this Court for an Order confirming the arbitration
award of a NASD Regulation, Inc., Office of Dispute Resolution ("NASD") arbitrator in the
case of Charles Schwab & Co., Inc., and Brian Sheaffer (NASD Case No. 98-02728), and
requests this Court to enter judgment in favor of Schwab and against the Defendant, Brian
Sheaffer ("Defendant" or "Shaeffer"), for the principal sum of Nine Thousand Eight Hundred
Sixteen Dollars and 25/100 ($9,816.25), plus interest and costs. In support thereof,
Schwab states as follows:
1. Plaintiff, a California corporation, is a broker-dealer in securities with Its
principal place of business located in San Francisco, California. Schwab maintains a
registered office in Harrisburg, Pennsylvania.
2. Defendant is an individual resident of 91 Princess Boulevard,
Mechanicsburg, Cumberland County, Pennsylvania 17055 or 10 Hines Drive, East Berlin,
Adams County, Pennsylvania 17316.
3. On or about January 21, 1993, Shaeffer opened an account with Schwab,
Account number HG 8074-5886 (the "Account").
4. On or about July 28, 1998, Schwab initiated arbitration proceedings with the
NASD against Sheaffer. In Its Statement of Claim filed with the NASD, Schwab alleged
that:
a. In connection with the opening of the Account with Schwab, Sheaffer
executed a Schwab One Account Application and a Schwab Option Trading
Application to trade on margin. Pursuant to the Schwab One Account Application,
Sheaffer agreed to be bound by the Brokerage Account Agreement (the
"Agreement"). Pursuant to the terms of the Agreement, Sheaffer agreed to settle
by arbitration any controversy with Schwab relating to, among other things, the
Agreement, or transactions in the Account. (Copies of the Schwab One Account
Application, Schwab Option Trading Application and the Agreement are attached
hereto and marked as Exhibit A).
b. From January 1995 through October 1995, Sheaffer entered into
various transactions in his margin Account, including the purchase and sale of
various stocks. Throughout these months, Sheaffer borrowed funds from Schwab
to pay for these trades. (Copies of the January 1995 through October 1995
Account statements are attached hereto as Exhibit B.)
C. During November 1995, Sheaffer again entered into various
transactions in his Account. As a result of the November 1995 transactions, at the
end of that month, there was a net debit balance of $92,671.76 in the Account, and
the value of the securities positions in the Account was $132,675.00. (A copy of the
November 1995 Account Statement is attached hereto as Exhibit C.)
d. During December 1995, Sheaffer again entered into various
transactions in his Account. As a result of the November and December 1995
transactions, Shaeffer was required to deposit additional funds to cover margin
maintenance requirements. Schwab notified Sheaffer that he needed to deposit
additional funds into the Account by forwarding to him confirmations of his trades,
listing the amounts due, as well as margin call(s) relating to the deficiency in his
Account. Although Schwab was required to deposit additional funds into the
4%' , . ?)
Account to meet margin maintenance requirements resulting from the November
and December 1995 transactions, he failed to do so. Accordingly, Schwab was
forced to liquidate the remaining positions in Shaeffer's Account, leaving an
unsecured debit balance of $9,216.05 in the Account. (A copy of the December
1995 Account statement is attached hereto as Exhibit D.)
5. The NASD arbitrator, having considered the pleadings and the evidence
submitted, and having determined that Sheaffer was properly served with notice of the
Statement of Claim, entered an award in Schwab's favor on February 3, 1999 (the
"Arbitration Award"). The Arbitration Award provides that Shaeffer shall pay Schwab
$9,216.05, $575.00 as reimbursement of the filing fee and $25.20 in other costs. (A copy
of the NASD arbitration award served upon the parties on 02/0811999 Is attached hereto
and marked as Exhibit E.)
6. Pursuant to Rule 10330(h) of the NASD Code of Arbitration Procedure (the
"Code"), all monetary awards shall be paid within thirty days of receipt unless a motion to
vacate has been filed with a court of competent jurisdiction. (A copy of NASD Rule
10330(h) is attached hereto and marked as Exhibit F.)
7. Pursuant to Section 7313 of the Pennsylvania Uniform Arbitration Act ("Act"),
the Court, upon application, shall confirm an arbitration award, unless within the time limits
imposed by the Act, grounds are urged for vacating, modifying or correcting the award. 42
PA Cons. Stat. Ann. §7313.
8. Shaeffer has not sought to vacate, modify or correct the Arbitration Award
pursuant to Rule 10330(h) of the NASD Code nor pursuant to the applicable provisions of
the Pennsylvania Uniform Arbitration Act.
9. In accordance with Section 7313 of the Pennsylvania Uniform Arbitration Act,
Schwab requests that the Court confirm the Arbitration Award and enter judgment in its
favor and against Sheaffer in the amount prayed for below.
A, .,
WHEREFORE, Schwab, Charles Schwab & Co„ Inc., respectfully requests that this
Court grant the following.
A. Confirm the Arbitration Award previously entered in favor of Charles
Schwab & Co., Inc. and against Shaeffer.
B. Enter judgment for the principal sum of $9,816.25, Interest at the legal
rate In Pennsylvania of 6% per annum ($1.61 per day) from February 3, 1999 until
paid In full, plus reimbursement for costs Incurred by Schwab in bringing this action;
and such other and further relief as this Court deems just and equitable.
Respectfully Submitted
TURO LAW OFFICES
/o 114 99
Date
Ron Turo, Esquire
32 South Bedford Street
Carlisle, PA 17013
(717) 245-9688
Attorney for Plaintiff
ATTORNEY FOR PLAINTIFF,
CHARLES SCHWAB & CO., INC.
A, ,,
I hereby certify that I served a true and correct copy of the Petition to Confirm
Arbitration Award upon Brian Shaeffer, by depositing same in the United States Mail, first
class, postage pre-paid on the _/.L day of QC)- , 1999, from Carlisle,
Pennsylvania, addressed as follows:
Brian Shaeffer
91 Princess Boulevard
Mechanicsburg, PA 17055
Brian Shaeffer
10 Hines Drive
East Berlin, PA 17316
TU b LAW OFFICE
k__?
Ron Turo, Esquire
32 South Bedford Street
Carlisle, PA 17013.
(717)245.9688
Attorney for Plaintiff
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Schwab One* Account
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To open your Schwab One account just complete and sign sections 1, 2. 3, 6 and 7 of this application. ALSO: II you would
like checks and/or a VISA' debit card, fill out and sign Sections 4 and 5.
The minimum Initial deposit required Is $5,000 In cash, marginable securities, or a combination at ash and marglnable
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Even if you currently have a Schwab Brokerage accoun(,7ve bled you to complete all sections of this application.
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What Is your Schwab Brokerage account number? I I
(Please note, IRA and Keogh accounts annot be convened to a Schwab One account.)
Indicate the type of registration you want on your Schwab One account:
Individual ? Joint Tenants with Right of Survivorship ? Adding a Joint Party
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Schwab will automatically hold for your account - tree of charge - an of your securities purchased, sales proceeds. dividend and interest.
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Unless otherwise mdlaled you will earn Schwab One U1130111 Interest. If you select a Schwab Money FuncLa prosoeavs will be sMittdyctl
promptly. Please read It carefully. If you wish to change your investment Instructions, please ap your Schwab branci t office.
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i
CharlesSchwab
Brokerage
fi
Account
Agreement
Fffeave Nmmber 1,1990
?FEB 2 0 1992
Va. RR DA„nsll
. r ?J. /.? 7..7,'{ r• _ .0'1797
1"41um'fJM?MM1fl?lWr?YtO W ft MC.
NfalOl?q q"Ma q„t{NIIWa ?M?
Information About
Your
. Schwab Brokerage
Account
. Schwab Money Fund
Agreement
Chade,l""Jb
CONTENTS
Introduction ...................... 1
Definitions ....................... 1
Questions ........................ 2
Cash Account Agreement ........... 2
1. Ptoviaioc of Serric s ............ 2
2. Commis dom and Fees ........... 2
3. Rules and Regulations ........... 3
4. Payment.
5. Paymentof Indebtedness......... 4
6.Seatftyfortndebtednesi ........ 4
...................
7 Remittance 4
&Your RespoMIXT yConceming
the Sale of C &da
Restricted Securities ............ 4
9. Your Responsibiity for
UnderstandiogThmsofSecurities . 5
10. Aoamacy of Acoount Information • .. 5
1LJointAcmunts ................. 6
12.1btminatlmt ................... 6
13. Approval of Application,
Credit Vetifiation,
and Account Information ......... 7
14. Governing Law ................ 7
15. Assignment ................... 7
16. Arbitration .................... 7
17. Losses Due to
Extraordinary Events............ 8
1& Provision of Market Data ........ . 8
19. Order Entry Services ........... . 9
20. Notification .................. .10
21. Telephone Monitoring .......... .10
22. Separability .................. .10
23. Entire Agreement.
Amendment, and Waiver ........ .10
24. Release of Name .............. . 11
Margin and
Short Account Agreement ......... .11
1. Provision of Services ........... .11
2. Disclosure of CreditTerms
and Policies .................. .11
3. Maintenance of Ulatrnl ........11
4. Uquidation .................. .12
w:
-i :hanve.•ei
5. Short Sales .................... 12
6. Interest on Debit Balances ........ 13
7. Pledgeof Securities
and Other Property ............. 13
8. Loan Consent .................. 13
9. Account Agreement ............. 13
Disclosure of Credit Terms
and Polices ...................... 14
L Interest Charges ..... .......... 14
2. Daily Margin Interest Rate ....... 14
3. Compounding of Interest Charges .. 15
4. Initial Margin Requirements ...... 15
5. Margin Maintenance Requirements. 16
6. ShatOption Positions ........... 17
7. Short Sales .................... 17
8.Uensand Uquidation ........... 18
Schwab Money Fund Agreement ..... 19
1. Minimurn Requited Investment .... 20
2. Automatic Investment ........... 20
3. Nature of Investment and
SIPC Protection ................ 21
4. Redemption ................... 21
5. Confirmations and Statements ..... 22
6. Limitation of Liability ........... 22
7. Fund Features ................. 22
8. Continuing Effect of
Authorization; Termination....... 23
9. Account Agreement ............. 23
SCHWAB BROKERAGE
ACCOUNT AGREEMENT
INTRODUCTION
This publication contains important terms
and conditions that apply to Schwab brokerage
amounts and services Please read this pub8-
cation carefully and retain itforfuttuerefecmce,
Definitions As used in the AmountAg
these tens ate defined as follows:
• a submit t OOppenpB tokeratt Aaao mmL ym
• "Account Agreement"-The agreement you
snake with Us when you open a Brokerage
coadsting of theAomunt?°?'
the Cash A mount Money ?? ?
Matgtn and Shat Account Agreenotsit; th the
Disdc sure of Credit Tema and Polices; the
Option Agreement; and any other written
agreements between you and us concerting the
Brokerage Account. all as amended from
time to time.
• "Brokerage Account"-The Cash Acmunt
and Margin and Short Account feature if any,
opened in your name
• "Business day"-Monday through Friday,
excluding stock exchange holidays. (Although
our offices may be open on certain bank hoG•
days, these days aren't conddered business days
for Purposes relating to the transfer of funds)
• "Cash Account."-The basic brokerage account
we offer.
• "Debit balance"-An amount balance repre-
senting money owed us.
• "Good delivery"-The delivery to us of freely
transferable seauities (that is, properly reg.
istered, endorsed, and fully negotiable stock
certificates).
• "Long sale"-The sale of a security that
you own.
• "Margin and Short Account feature"-Adding
this feature to your Brokerage Account allows
you to borrow funds from Schwab using accept.
able securities or cash as collateral for the
loan. You must have this feature to snake short
sale transactions or to trade options.
• "Other Property"-Moncy, instruments
(including certificates of deposit and other
financial instruments). and any other property
or rights
• "SeveUtiee-Severities of any kind and nature,
including those you may deposit or redeposit
with us for any reason (including safekeeping).
aS well as unmtificated securities, such as
money market fund shares.
• "Short sale"-The sale of a security you don't
own at the time the order is placed.
• M dose any or all torwumction"-1b complete
or liquidate any or all unsettled b madions;
to cancel open orders; to sell any or all long
Securities and Other Property, including
options; to buy any or all securities and Other
property that are short in the Brokerage
Account or required for delivery against any
sale orderor other obligation; and to purchase
option contracts to dose any outstanding short
com Iositions-
• -You'r" yote/waocount holder'-Each person
who sign the Account Application.
• "We /.us7roUr"/-SC hwaV_Charles Schwab
& Co., Inc
Questions If you have question about the
information contained in this publication or any
of our products and services, please contact
your branch office.
CASH ACCOUNT AGREEMENT
:C:MrX,.y:ii{ 1. Provision or Services To open a Cash
Account, You Complete an Account Application.
When we approve your Account Application.
we'll open a Cash Account for you and act as
your broker to purchase and sell seventies for
your account and on your instructions. With our
approval, you may elect to add a Margin and
Short Account feature and trade options in your
Brokerage Account.
It is our policy not to give legal or tax advice or
advise you about the nature or potential value
of any particular security, transaction. or invest-
ment strategy.
2. Commissions aad Fees You agree to pay
our brokerage commissions and fees, as they exist
from time to time and apply to your u mactiom
and services you receive. You also agree to pay
all applicable state and local excise taxes.
3. Rules and Regulations Your Brokerage
Account and any transactions you make are sub-
ject to our house trading rules and policies and
the following rules, regulations, and policies, all
as modified or amended from time to time:
• Applicable rules, regulations, autams and
usages of any exchanm trozooket. clewing
self-regtdatoryommimRioa. bouse.
• Applicable federal and state laws, rules, and
regulatiorm
4. Payment. Equity Deposit, settlement.
and Liquidation When you purchaseseamities
on a cash basis, you agree to pay for the secur,
ities by settlement day. Unless you make Other
arrangements with your branch, we may use
avaailable funds in your Brokerage Aooountto settle
a transaction.
We tray require an equity deposit or full pay-
ment before we accept your order. When you
sell long securities, you must own the securities
when you place the order. You also agree to
make good delivery of the securities ycere
selling by settlement day.
For our protection or to satisfy your obligation
to us, we may, at our discretion and with-
out prior demand or notice, sell or otherwise
liquidate all or any part of the Securities and
Other Property securing your obligations or close
any or all tramaetion in your Brokerage Aooount.
For intanm it you don't make good delivery
of your securities when making a sale. or if you
don't tender the total purchase price when mak-
ing a purchase, we may take appropriate steps
to complete, cancel, or liquidate the transaction.
This may include purchasing or borrowing the
securities necessary to make the delivery.
You are responsible for costs. commissions. and
losses arising from any anions we must take to
liquidate or dose transaction in your Brokerage
Account or from your failure to make timely
good delivery of securities.
We may transfer Securities and Other Property
from any one of your brokerage accounts to
any other of your brokerage amounts in order to
satisfy deficiencies in any such account, or if we
:,nnen?cii
think your obligations in any such account aren't
adequately secured.
For our protection against credit risks and other
conditioru, we may, without prior notice,
decline your orders or instructions, or we may
Place trading restrictions on your aooounL
If we hold for you bonds or preferred stock in
street name or bearer form that am cailable in
part You agree to parddpate in an impartial
sttery alioation system of the celled seauidm
tie rules of the New York Stock
S. Payment of Indebtedness We may elect at
any time, with or without notice, to make
any debit balance or other obligation related to
Your Brokerage Account immediately due and
payable. We also may charge interest on debit
balances in your Cash Account as described in
the D'usclosum of Credit Terms and Policies (see
pages 14.19).
6. Security for Indebtedness As security
for the repayment of ail present or future
Indebtedness owed to us by any account
holder under the Account Agreement or
otherwise. each account holder grants us
a continuing security interest and lien in,
and a right of set-off with respect to, all
Securities and Other Property that are, now
or in the future, held, carried, or main.
tained for any purpose in or through the
Brokerage Account and, to the extent of
such account holderk interest, any present
or future brokerage account with us in
which such an account holder has an interest.
7. Remittance If a check or other item you
remit to us is returned unpaid, we'll charge a fee
to your Brokerage Account. For our protection,
we may restrict your ability to withdraw funds
represented by a check or other item or to apply
such funds to settle a securities transaction. For
more detailed information about our cheek hold
policy, please contact you branch office.
8. Your Responsibility Concerning the Sale
of Control or Restricted Securities Before
instructing us to sell securities that are:
• "Restricted securities" or securities of an issuer
of which you're an "affiliate" (as those terms
are defined in Rule 144 under the Securities
Act of 1933); or
• Securities that are being sold in reliance on
Rule 145(d) under such Act;
you agree to tell us the status of such securities
and promptly furnish whatever Wormatton
and documents (includingopWons of your legal
counsel, if requested) that we need to comply
with our rgM&tory duties.
You agree not to tender any such securities as
collateral for an obligation you owe us, unless
you fast obtain our written consent
'9. Your Responsibility for Understanding
7brms of Securities Certain secuities may
impart valuable rights that expire unless you
take some action. For example:
• Warrants and stock purchase rights typically
may be exedsed only on or before a specified
expiration date;
• Some convertible redeemable securities will
be redeemed automatically unless you exendse
your conversion rights before a specified
redemption date;
• Some bonds may be redeemed, at the holder's
option, only during specified periods; or
• Some securities may become the subject of
tender or exchange offers, which are limited
in time.
You're responsible for knowing the rights and
terms of your securities and for taking action to
realize the value of your securities. However; if.
• Any such security is about to expire worthless
ore be redeemed for significantly less than its
fair market value; and
• We haven't received instructions from you;
we may, at our discretion, sell the security and
credit your account with the proceeds. You91
be charged a brokerage commission for any such
transaction.
Note: Although we may take the actions
described above, we aren't obligated to do
so or to notify you of impending expiration
or redemption dates.
10. Accuracy of Account Information You
represent and warrant that:
.:bftN!wnsu
• You have attained the age of majority.
• You have supplied accurate information in your
Account Application.
• No one, except the account holders listed on
the Account Application (and, if community
M petty is held, the account holders' spouses).
an interestin the Brokerage Account.
In addition, you agree to notify us in writing of
any important change in the information you
supply us on the Amount Application. In partic-
ular, you agree to notify us if you are or you
became:
• A diream 10% beneficial shareholder. policy-
malting offroer, or otherwise an "affiliate" (as
defined in Rule 144 under the Securities Act of
1933) of a publidy-traded company. or
• Affiliated with or employed by a securities
exchange or corporation controlled by a securi-
ties exchange or a member of a securities
exchange, securities firm bank, trust company,
or insurance company.
11. Joint Accounts If there is more than
one account holder, each account holder is jointly
and severally liable for obligations arising
under the Account Agreement or relating to the
Brokerage Account
Each joint account holder has authority, acting
individually and without notice to any other
account holder, to deal with us as fully and com•
Pletely as if the account holder is the sole amount
kidder. We're authorized to follow the instructions
of any joint account holder and to deliver funds.
securities, or other assets in the Brokerage
Account to any account holder or on any account
holders instructions. Were not responsible for
detetminingthe purpose or propriety of an irutruc•
lion we receive from any account holder or for
the disposition of payments or deliveries among
joint account holders.
Any notice we send to one account holder will
be notice to all account holders.
12. Termination You may dose your Brokerage
Account at any time by giving us notice. We
may terminate any or all services rendered under
the Account Agreement at any time and for
any reason. Closing an account or terminating
services won't affect rights and obligations
incurred prior to closure or termination.
13. Approval of Application, Credit Verifl.
cation, andAcmunt information TheAoeount
Agreement is effective only after we approve
your Account Application. We may decline your
Account Appl ication for any reason.
When you submit your Account Application,
you authorize us to:
• Vaifyyouraeditworthiness(and yourapouse's
if you five in a cotmuunity ptopesty state).
To obtain verification. we may contact your
employer (and your spouse's, If applicable),
obtain credit reports, and make other inquiries.
• Provide aomtmtinformation toothers, including
credit repotting agencies.
14. Governing Law The Amount Agreement
is governed by California law and applicable
federal law, as applied to contracts entered into
and completely performed within California.
15. Assignment We may assign our rights and
obligations under the Amount Agreement to
any subsidiary, affiliate. or suoctssor by merger
or consolidation without notice to you, or to any
other entity after 30 days' written notice to you.
The Amount Agreement is binding on your
and our heirs, executors, administrators, sumes•
sors, and assigns, and it will benefit your and
our successors and assigns, if any.
16. Arbitration Regulatory authorities
require that any brokerage agreement con-
taining a pre-dispute arbitration agreement
must disclose the following:
(1) Arbitration is final and binding on
the parties.
(2) The parties are waiving their right to
seek remedies in court, including the
right to jury trial.
(3) Prtarbitration discovery is generally
more limited than and different from
court proceedings.
(4) The arbitrators' award is not requited
to include factual findings or legal ma-
soning and any party's right to appeal
or to seek modification of rulings by
the arbitrators is strictly limited.
(5) The panel of arbitrators will typically
include a minority of arbitrators who
were or are affiliated with the sccuri-
ties industry.
You agree to settle by.arbitration any
controversy between you and us andlorany
of our officers, directors, employees, or
agents relating to the Account Agreement,
your Brokerage Aceount oraceount trans-
actions,orin way arising from your
relationship wi%us. Such arbitration will
be conducted according to the securities
arbitration rules then is effect of the
American Arbitration Association, the
National Association of Securities Dealers,
or any registered national securities
exchange. Either of us may initiate arbitm-
tion by serving ormailfag a written notice.
The notice must specify which rules will
apply to the arbitration. This apecificatioa
will be binding on both of uL Any award the
arbitrator makes will he final, and judg-
meat on it may be entered In any court
having jurisdiction.
This arbitration provision shall be enforced
and interpreted exclusively in accordance
with applicable federal law, including the
Federal Arbitration Act.
17. Losses Due to Extraordinary Events We
aren't responsible for losses caused directly or
indirectly by conditions beyond our control, indud•
ing, but not limited to, war, natural disasters,
government restrictions, exchange or market nil.
ings, strrilms, interruptions of communications
or data processing services, or disruptions in
orderly trading on any exchange or market.
18. Provision of Market Data We may convey
to you through telephone, electronic, or other
means last sale transaction data, bid and asked
quotations, and other information relating to
securities and the scauities markets (collectively
referred to in this section as "market data"). We
may charge a fee for providing this market data.
We obtain market data from securities exchanges
and markets and from parties that transmit mar.
ket data (collectively referred to in this section as
"the market data providers"). All market data
is protected by copyright laws. We provide market
data for your personal non-commercial use: you
may not sell, market, or redistribute it in any way,
unless you've entered into written agreements
with the appropriate market data providers.
We receive the market data from industry sources
that are believed to be reliable. However, the
aayracy, completeness, timeliness, or correct
sequencing of the market data can't be guaran.
teed either by us or the market data pproviders.
Neither we nor the maric et data providers will
be liable for interruptions in the availability of
rnarket data or pots access to market data.
The market data is provided "as is" and on
an "as available" baais.There is no warranty
of any triad, express or implied, regarding
the anrioet data.
19. Order Entry Services From time to time,
we may make available services (retested to in
this section as "the services") thatallow you to
use telephone, elerlronir, or other means to place
orders and obtain market data and otherinfosma•
tion. The services may require you to use a
number or passwad to access your Brokerage
Account.
You're responsible for the confidentiality and
use of yotratness numben password, and account
number, and for all securities and other trans.
actions initiated through these means. Any orders
communicated to us through these means will
be considered to have been sent by you.
You also agree to notify us immediately it you:
• Become aware of any loss, theft, or unauthorized
use of your so= number, password, or account
number, or any unauthorized use of the services
or the market data.
• Fail to receive a message that an order you
initiated through the services has been received
or executed.
• Fail to receive an accurate written confirmation
of an order or its execution.
• Receive confirmation of an order that you
didn't place.
You agree to pay all subscription. service. and
use fees, if any, that we charge for the services.
We may treat such fees as a debit to your Bro-
kerage Account and deduct the amount of these
fees from any credit balance in your account.
::ens
Altematively you authorize us to charge such fees
to a credit card account number that you've
provided to us for this purpose.
We won't be liable for lost profits, trading
losses, or other damages resulting from the
delay or loss of use of theaervices or from
defective or unavailable market data. In any
case, our liability arising from any legal
clalm(whether incontract, tort,orotherwise)
relating to the services or market data
won't exceed the amount you've paid for use
of the services ormarket data
20. Notification Well send communications to
you at the mailing address shown on your
Account Application or to another address you
specify. Any ox mtuttiotion we send to such an
address, whether by mail, telegraph, messenger,
or otherwise, is considered delivered to you
personally, whetheror not you actually receive it.
2L Telephone Monitoring We may record
telephone calls to monitor the quality of service
you receive and to verify securities transaction
information.
22. Separability If any term of this agreement
is found to be invalid or unenforceable, all other
provisions will retrain in full force.
23. Entire Agreement, Amendment, and
Waiver The Account Agreement, as amended
from time to time, is the complete statement
of your agreement with us.
The Account Agreement may be amended only
in the following manner. On prior written notice
to you, we may modify or rescind existing provi•
sions or add new provisions. Amendments won't
affect rights or obligations eitherof us incur before
the effective date of the amendment.
Waivers of rights under the Account Agreement
must be expressed in writing and signed by the
party waiving the rights. A waiver will apply only to
the particilarcinvmstance giving rise to the waiv.
er. and won't be considered a continuing waiver in
other similarciramtstances, unless the intention to
grant a continuing waiver is expressed in writing.
Our failure to insist on strict compliance with the
Account Agreement or any other course of
conduct on our part is not considered a waiver of
our rights under the Account Agreement.
10
24. Release of Name According to the provi•
sions of Rule 14b•1 under the Securities and
Exchange Act of 1934, unless we receive your
written objection, we may release your name,
address. and security positions on request to
companies whose setutides you hold.
MARGIN AND SHORT
ACCOUNT AGREEMENT
Mat& borrowing, short sale transactions, and
short option positions are types of leveraged
transactions in which yourobligationsare seta ed
by long securities or other collateral held in
your account. (For more detailed information on
short option positions and short sale transactions,
see pages 17.18).
In a leveraged transaction, you have greater
opportunity for pmfit and loss. For this reason,
leveraged transactions are riskier than non•
leveraged transactions. Furthermore, if the value
of securities held as collateral falls or if the
price of securities sold short increases, you may
be subject to a margin call and/or your securities
may be liquidated.
Therefore, before you apply for the Margin
and Short Account feature, you must carefully
consider market conditions and your financial
position and investment objectives.
1. Provision of Services We may extend credit
to you according to applicable laws and regu•
lations and our Disclosure of Credit Terms and
Policies (see pages 14.19). You agree to use
this credit primarily for business and investment
purposes.
2. Disclosure of Credit Terms and Policies
All transactions in the Margin and Short Account
are subject to our Disclosure of Credit Terms
and Policies (see pages 14.19). You agree not to
enter an order in your Margin and Short Account
until you've read and understood the Disclosure
of Credit Terms and Policies.
3. Maintenance of Collateral You agree to
maintain in your Margin and Short Account
collateral of the type and amount required by:
• Applicable exchange rules and federal
regulations;
• Our Disclosure of Credit Terms and Policies:
or
urn.
• As required by us at our discretion.
4. Liquidation Whenever it is necessary for
our protection or to satisfy a margin deficiency,
debit, or other obligation owed us, we may (but
aren't required to) sell, assign, and deliver all or
any put of the Securities and Other Property
securing your obligations, or dose any or all
transactions in your Brokerage Account.
It Is our policy to attempt to contact you. when
e, before talang any action described
in this section However; we reserve the right
to take anyrich actionwithoutpriordemand for
additional collateral, notice. or advettise rent,
and free of any right of redemption. Any prior
demand, call, or notice won't be considered a
waiver of our right to sell or buy without demand.
all, or notice.
We may choose which Securities or Other
Property to buy or sell, which transactions to dose,
and the sequence of liquidation. We may take
sudt adicru on whatever exchange or market and
in whatever manner (including public auction
or private sale) that we choose in the exercise of
our business judgment.
We may transfer Securities and Other Property
from any one of your brokerage accounts to
airy other of your brokerage accounts, if we deter
mine thatyour obligations azcn't adequately
scatted or to satisfy a mazgin deficiency or other
obligation. You agree to pay on demand any
account deficiencies after liquidation, whether
liquidation is complete or partial.
We're entitled to exercise the rights described in
this section if any of the following occurs:
• A petition for bankruptcy or for the appoint-
ment of a receiver is filed by or against you:
• An attachment is levied against any of your
brokerage accounts with us:
• You die or become incapacitated or incompe•
tent, or
• Your Brokerage Account is closed.
S. Short Sales You agree to designate a sell
order as a short sale if, at the time you place the
order, you either don't own the security being
sold or are unable to deliver the security in a
timely manner.
12
You agree that we may, at our discretion and
without nutice, "buy in" securities to cover any
short security position in your account. We may
take this action either on a regular settlement.
rash, or next-day settlement basis.
If you're unable to cover a short security position
(either through delivery of the security or through
"buying-in" the security) in enough time so we
can deliver the security to the lender (to whom
we're obligated), you agree to reimburse us for
the losses we sustain as a result of your failure to
deliver the security.
6. Interest on Debit Balances Well charge
interest on your debit balance according to our
Disclosure of Credit 71:rms and Pol'tdes. We post
accrued but unpaid interest charges to your
account each month. We compound the interest
as described in our Disclosure of Credit Tetras
and Policies (see pages 14.19).
7. Pledge of Securities and Other Property
We may pledge, repledge, hypothecate, or rehy
potheate, either separately or together with
Securities of other customers, all Securities and
Other Property that you, now or in the future,
carry, hold, or maintain in your Margin and Short
Account The value of the Securities and Other
Property we pledge or repledge may be greater
than the amount you owe us, and were not obli•
gated to retain in our possession and control for
delivery the same amount of similar Securities
and Other Property.
8. Loan Consent You agree that Securities
and Other Property held on margin, now or in
the future, may be borrowed (either separately
or together with the property of others) by us
(acting as principal) or by others. No eompen-
sation will be payable to you in connection with
such borrowings, and any losses or other det-
rimems or gains or other benefits arising from
such borrowings will not accrue to your
Brokerage Account.
9. Account Agreement All transactions in
your Margin and Short Account are subject to the
Account Agreement. "Account Agreement"
means: this Margin and Short Account Agree-
ment and the Brokerage Account Application
and Cash Account Agreement: the Disclosure of
Credit Terms and Policies; the Option Agreement.
11
if any; the Schwab Money Fund Agreement it
any; and any other written agreements between
you and us, all as amended from time to time.
DISCLOSURE OF CREDIT TERMS
AND POLICIES
The following Disclosure of Credit Tt= and
Pblidesisrequired bytheSecurities andExchange
Commission and is part of your Brokerage
Account Agreement. It describes the terms under
which we extend credit and charge interest and
how your obligations are segued by property in
Your Brokerage Account.
1. Interest Charges Well charge interest on a
dily inbasis terest the credit we extend to you. The
dally charges areeiladatedbymultiply-
ing your "daily adjusted debit balance" by the
"daily margin interest rata" Generally speaking,
your "daily adjusted debit balance" is the actual
settled debit balance in your Margin and Short
Account. Increased by the value of securities held
short and reduced by the amount of any settled
credit balance tarried in your Cash Account.
We calculate your daily adjusted debit balance
each day by adjusting your previous day's balance
by any debits and credits to your account and
by flanges in the value of short positions. If your
daily adjusted debit balance is reduced bemuse
you deposit a check or other item that is later
returned to us unpaid, we may adjust youracoount
to renal interest charges you've incurred.
We reserve the right to dharge interest on debit
balances in the Cash Account.
Each month, we'll send you a comprehensive
statement showing the activity in your account,
including applicable interest charges, interest
rates, and adjusted daily debit balances.
2. Daily Margin Interest Rate The "daily
margin interest rate" is based on a 360-day year.
It is calculated for each day by dividing the
applicable margin interest rate shown in the table
below by 360. Please note that use of a 360-day
year results in a higher effective rate of interest
than it a year of 365 days were used.
The applicable margin interest rate is set at a
percentage above Schwab's Base Rate according
to the following schedule:
If your daily adjusted The applicablemirgin
debit balance is: interest rate is:
$0.00$24,999.99 Base Rateplus IiA%
$25.000.00-$49.999.99 Base Rate plus 1Y:
$50,000.00 and over Base Rate plus %%
We set the Base Rate at ourdisaedw with refer-
ence to commercially recognized interest rates,
industry otirAtions relating to the extension of
rtarghn credit, and general credit market eon.
ditioas. The current Base Rate is available from
your branch.
Your margin interest rate will be adjusted
automatically and without notice torenettany
change in the Base Rata if your interest rate
increases for any reason other than a change in
the Base Rate, we'B give You written notice at
least 30 days prior to that change.
3. Compounding of Interest Charges
We compound Interest on a daily basis. Interest
charges will accrue to your account each day.
Well Include the charges in the nextdrAopening
debit balance and charge interest accordingly.
The interest rates described above don't reflect
compounding of unpaid interest diarges; the
effective interest rate, taking into effect such
compounding, will be higher.
4. Initial Margin Requirements The Federal
Reserve Board and various stock exchanges
determine margin loan rules and regulations.
We won't extend credit unless your equity in
the Securities and Other Property in your Margin
and Short Account is at least $2,000, or such
greater amount astray be required by applim•
ble rules or regulations or our house policies.
The maximum amount we currently may loan is
50% of the value of marginable securities pur•
chased or held in your Margin and Short Account.
If the market value of stock held as collateral
increases after you've met the initial margin
requirements, your available credit may increase
proportionately.
Initial margin requirements may change without
prior notice. We may impose more stringent
requirements on positions that involve higher
levels of risk; for example, higher limits may
is
nankrva
apply for thinly-traded or volatile securities.
'tau may purchase only certain securities on
margin or use them as collateral in your Margin
and Short Account. Most storks traded on
national securities exchanges and some over-
the-counter securities are marginable.
Equity securities with a market value of less than
$5 per sham may not be purchased on margin
or deposited as margin collateral. If the market
value of a security drops below $3 per sham, the
security won't be assigned any value as collateral
to searm your margin obligations. Different
requirements apply to non-equity seauities, such
as bonds.
5. Margin Maintenance Requirements You
must maintain a minimum amount of equity in
your account to collateralize your outstanding
loans and other obligations. Margin maintenance
requirements are set:
• By the rules and regulations of the New York
Stock Exchange, the American Stock Exchange,
and other regulatory agencies to whose juris-
diction we are subject; and
• According to our discretion and judgment.
Margin maintenance requirements may change
without prior notice.
We may issue a "margin call" (that is, a notifia•
tion to deposit additional collateral) if your
account equity falls below the margin mainte-
nance requirement. This an happen for various
reasons.The mostcommon reasons area decrease
in the value of long securities held as collateral
or an increase in the value of securities held short
As a general guideline and when it's practica-
ble to do so, we may (but aren't required to)
issue a margin all when the equity in your
Margin and Short Account falls below 30%of the
market value of assets at risk (that is, the sum
of the market values of the long and short equity
security positions) in your Margin and Short
Account. The amountof additional collateral we
require usually is an amount sufficient to raise
your equity to 35%.
Weretainabsolutediscretiontodeterininewhether,
when, and in what amounts we'll require addi-
tional collateral. In some situations, we may find
it necessary to require a higher level of equity
16
in your account. For example, we may require
additional collateral if an account contains:
• Only one security or a large concentration of
one or more securities; or
• Low•prioed,thinly-traded,orvolatilesecurities.
or if
• Some of your collateral is or becomes restricted
or non-negotiable or non•marginable.
We also may consider market conditions and your
financial resou ces.
6. Short Option Positions If you write uncov:
ered put or call option contracts, your aooamt is
subject to both initial margin and margin mainte.
==requirements. For more detailedintormation
on how we calculate these equity requirements.
contact your local branch.
7. Short Sales A short sale is a margin trans.
action subject to initial margin and margin
maintenance requirements. In most cases, the
initial nargin equity requirement [or the short
sale of an equity seauity is 150% of the sales
price of the seauity. Plus commissions Egtdty
seauities selling for S5 or less and odd lots usually
may not be sold short Different requirements
apply to non-equity securities, such as bonds.
Generally, current margin maintenance rules
require you to maintain equity in your account
equal to 135% of the market value of each
stock "short" in your account. The value of sea.
rides held short in your account is "marked to
the market" each day. Increases in the market
value will increase your daily adjusted debit
balance (on which interest is charged) by the same
amount while dec rasm in the market value
will decrease your daily adjusted debit balance
by the same amount.
As a result of increases in your daily adjusted
debit balance, the collateral held in your account
may become insufficient (see "Margin Mainte•
nance Requirements pages 16.17, "Liens and
Liquidation; pages 18.19). Short sale proceeds
are part of the collateral searing our loan of the
security to you, and you may not withdraw these
proceeds from your account. You're liable for all
dividends paid on securities you've borrowed
for the purpose of short sales.
17
,,...
I::Mn1!?r'kil
For our protection, we may, at our discretion
and without notice, immediately cover your
short security positions by purchasing for your
account securities to replace those sold short.
We may cover your position because:
• The lender of the securities recalls them;
• We anticipate an inability to borrow or rebormw
these securities; or
• For any other reason.
If several accounts hold short positions in a secu.
rity and not all of the positions are to be covered,
we may select the positions to be covered on a
random basis
In coming a short position. we may at our
discretion purchase securities for your account
either on a normal settlement basis, next-day,
ora ash settlement basis. The price of securities
purchased on a next-day or ash settlement
basis usually is higher than those purchased on a
normal settlement basis. The price of covering
the short position may be higher than the price at
which you sold short; therefore, you may sustain
a loss on that transaction.
You're liable for commissions and other mss of
short sale transactions and for any debit balance
that remains after we cover or close out a short
position.
When we borrow securities for your account,
were obligated to return the securities to the
lender on demand. If you're unable to cover a
short position (either through delivery or through
our "buying-in" your position) in sufficient time
for us to deliver the security to is lender, you agree
to pay us for the losses we sustain as a result
of the failure to deliver. For instance, if you have
a short position in a security that is subject to a
tender offerand you're unable to cover the position
in time for us to deliver the security to its lender,
we may hold you responsible for the economic
value of the tender offer.
8. Liens and Liquidation At our election, all
debit balances in your account, including those
resulting from extensions of margin credit, will
be immediately due and payable.
In the Brokerage Account Agreement, you
granted us a lien on all Securities and Other
18
Property held or maintained for any purpose,
including safekeeping, in your Brokerage
Account or in any other present or future Schwab
brokerage account in which you have an interest.
This lien secures the full performance of obligations
owed to us by you or any joint account holder
of your Brokerage Account, whether those
obligations are incurred in connection with
your Brokerage Account or any other brokerage
account with us, and extends to property that
may not be acceptable as margin collateral under
Federal Reserve Board regulations.
If your equity falls below the applicable mainte•
nance requirement, we may (but aren't obligated
to) notify you by mail, telegram, telephone or
other means of a margin call for an amount suffi.
cient to bring your account up to the equity level
we require.
Margin calls require prompt delivery according
to our instructions of either additional funds or
acceptable sectuities. Failure to make a required
deposit may result in the liquidation of part or
all of the Securities and Other Property in your
account You71 continue to be held liable on
demand of any debit balance remaining after
liquidation of asses in your account.
At times, it may not be possible to notify you
of a margin all or allow any time to deposit addi-
tional collateral. Therefore, we reserve the
right to initiate immediate liquidation pro-
cedures without notice.
You're responsible for monitoring the status of
your account, for ensuring that sufficient collateral
is maintained in the account, and for liquidat•
ing positions to minimize losses. Any action we
take or don't take to issue a margin tall or
liquidate collateral is undertaken solely to pro•
tect our interest as a creditor; we disclaim any
responsibility to issue a margin call or liquidate
positions in your account to prevent or minimize
losses to you.
SCHWAB MONEY
FUND AGREEMENT
The Schwab Money Funds are several money
market funds available through your Brokerage
Account. You may invest in any or all of the
several funds, which include:
19
a:hu,rxmn:?
• Schwab Moncy Market Fund-invests
primarily in high-grade commercial paper,
certificates of deposit, bankers' acceptances and
other corporate obligations that mature in less
than 12 months.
• Schwab Government Securities Fund-
invests in securities issued or guaranteed
by the U.S. Government, its agencies or
instrumentalities.
• Schwab 7kx•Faempt Fund-primarily
invests in high-quality, short term municipal
securides; income from these securities is
exempt from federal income tax.
• Schwab US.Treasury Money Fund-
invests in securities fully guaranteed by the
U.S. Government
• Schwab California 'Pru Free Money Fund-
invests primarily in high-quality; short-term
securities in California.
If you choose to take advantage of the Schwab
Money Funds, the following temps and conditions
apply, in addition to the other terms and condi•
tions of the Account Agreement
I. Minimum Required Investment The mini.
mum opening investment in each of the funds
is $1,000. You may make additional investments
of $100 or more at any time. If your investment
in a fund fails below 5100, the investment
remaining in your fund will be redeemed auto.
matically. Well either deposit the proceeds in
your Schwab aaountor mail them to you. To rein.
vest in the fund, you're required again to make
the minimum opening investment of $1,000.
For Custodial Accounts, the minimum opening
investment and the minimum additional invest.
ment is $1.
2. Automatic Investment You mustdesignate
one of the funds as a primary fund. To change
your primary fund, simply notify us.
On the first business day of each week (usualiv
a Monday), well automatically invest in the
primary fund an amount equal to the Free Credit
Balance in your Brokerage Account on the last
business day of the preceding week (usually
a Friday).
20
If your Free Credit Balance is less than $100 on
the last business day of the week (or $1 in the
rase of Custodial Accounts), we won't invest the
cash in your primary fund, and the cash will
remain as a credit balance in your Brokerage
Account if securities purchasa are Scheduled
to settle within the two business days following
the first business day of the weer, we'll hold
adequatecash in your Brokerage Aoooumttosetde
the batuaction.
Well also hold in your Brokerage Amount credit
balattoes that are designated as coliateW for
Your obligations, such as a cash balance multi
ing from a short sale. These credit balances
won't be available for investment in the Schwab
Money Funds.
If we've credited your Account for dividends
resulting from theinvestment of fundsrepmented
by a check or other item that is later returned
unpaid, well debit the amount of these dividends
from your Brokerage Account
0. Nature of Investment and SIPC Protection
Although investment in the Schwab Money
Funds provides a means of earning a return on
cash, interests in the funds are investments in
securities that may increase or decease in value.
Sham of the funds and 211 other asses held in
your Schwab account for investment purposes are
Protected by the Securities Investor Protection
Corporation (SIPC). SIPC protects your account
for $500,000 (claims of cash are limited to
$100,000). Additional private protection may
be available for portfolios larger than 5500,000.
Contact your local branch office for Wormadon.
Schwab Money Fund shares are securities, not
cash. so such shares are protected up to the full
$500,000 limit
SIPC will Protect more than one account in your
name provided you're acting in a different capac•
ity for each account (For instance, this would
be the case if you had an individual account and
another account as a custodian for a minor.)
SIPC does not Protect against a decline or loss in
value of securities in your Brokerage Account.
4. Redemption You may convert your Schwab
Money Fund investment into cash in your Bra
kerage Account by instructing us to redeem part
21
•4ata!n10: ,l
or all of your investment. The proceeds of such
a redempdon will be available to you on the first
business day after the day we receive your
instruction. However, if we receive your instruc-
lion after market hours, well consider that the
instruction was nude on the next business day.
Well automatically redeem your Schwab Money
Fund investment to satisfy a debit balance in
Your Brokerage Account or to provide necessary
cash aoilatecal in Your MUM and Short Account.
Well also automatically redeem your Schwab
Money Fund investment to the extent necessary
to settle securities transactions, if your free
credit balance on the day before settlement day
is Insufficient to settle the transaction.
If you intend to send cash to settle sectuities
han actions, we must receive it on the business
day before settlement date to prevent an auto-
matie redemption. Unless you instruct us other.
wise in each instance, well redeem fast from
Your Primay fund and then from other funds.
5. Confirmations and Statements We will
not send confirmations for Schwab Money Fund
transactions in your Primary Portfolio account
All fund transactions (including purchases,
redemptions, dividends, and dividend reinvest.
mehts) will appear on your monthly statement.
Dividends are declared daily and will be paid
and reinvested in the applicable fund on the 15th
of each month if a business day or on the next
business day that follows. However, the payment
and reinvestment date for December of each
year may be extended by appmximatdy is days.
6. Limitation of Liability If we fail to purchase
shares of a fund according to this agreernent.
our liability is limited to the actual amount of the
dividends you would have earned had the shares
been purchased.
7. Fund Features Investments in a fund are
subject to restrictions described in the prospectus.
For more complete information about the Schwab
Money Funds, including charges and expenses.
call your local branch office for a prospectus.
Please read it carefully. An investment in the
Fund is neither insured nor guaranteed by the
U.S. Government There can be no assurance that
the Fund will be able to maintain a stable net
asset value of S1.00 per share.
22
8. Continuing Lffcct of Authorization
Termination You authorize us to act as your
agent to purchase and redeem for your account
shares of the funds you've selected. This author.
ization will remain effective until you give notice
to us to the contrary. Such notice will not affect
any obligations resulting from transactions
Initiated prior to our receipt of the notice
9. Account Agreement Ail Schwab Money
Fund transactions will be conducted through your
Schwab Brokerage Account and are subject to
the Account Agreement. "Account Agreement"
means: this Schwab Money Fund Agreement
and the Account Application and Cash Account
Agreement; the Margin and Short Account
Agreement, if any; the Disclosure of Credit Terms
and Policies; the Option Agreement, if any; and
any other written agreements between you and
us, all as amended from time to time.
2J
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harles SSCHWAB ONE ACCOUNT Statement
ACCOUNT NUMBER TAX-ID-NUMBER _PERIOD COVERED- LAST STATEMENT _PAGE
HG 8074-5886 208-58-9350 JAN 1 - JAN 31 1995 DEC 1994
1
TITLE-OF-ACCOUNT OFFICE-SERVING-YOUR-ACCOUNT
BRIAN J SHEAFFER
10 HINES DRIVE
EAST BERLIN PA 17316-9229
17 SOUTH MARKET SQUARE STE lA
HARRISBURG PA 17101
717-233-1154
••• FOR QUESTIONS ABOUT THIS STATEMENT: CONTACT YOUR BRANCH •*•
%TUS OF KEY VALUES AS OF JAN 31 1995
,restments owned $68,718.75
lestments Short ($17,162.50)
let Portfolio Value $51,556.25
ling Cash Balance ($48,774.541
COTAL ACCOUNT VALUE $2,781.71
ange in Value from 12/94 ($2,848.63)
r9icnAccount Equity $2,781.00
wr g or VISA Limit $.00
/ESTMENT_INCOME SUMMARY
7RCE OF INCOME
----------------------
ACCOUNT-TRANSACTION-SUMMARY
OPENING CASH BALANCE
Investment Salem
Total Credits
Investment Purchases
Margin Interest Charged
Total Debits
ENDING CASH BALANCE
CURRENT PERIOD
TOTAL INVESTMENT INCOME
$.00
YEAR TO DATE
($43,213.41)
$7,057.26
97,057.26
($12,280.00)
(9338.39)
(912,618.39)
(948,774.54)
RATE SUMMARY AS OF 01/31_
TEF Yield* 3.021
STF Yield* 5.041
Schwab 1 Yield 5.011
$.00 Margin Loan Rate 7.751
to 8.751
• 7 Day Annualized Yield.
Please sse reverse for
more information.
IGIN INTEREST_CHARGED ($338.39) ($338.39)
:FOLIO POSITION DETAIL
S LONG/ QUOTE
:GORY T
SHORT
SYMBOL
QUANTITY
INVESTMENT DESCRIPTION LATEST
PRICE
MARKET VALUE
:KS M
.DNS M Long
Short COMS
ZTHAL 1500
7 THREE COM CORP 45.8125 $68
718
75
CALL
$60 THREE COM CORP 8.3750 ,
.
($5,862.50)
M Short ZTHAI 8
CALL EXP
THREE 01/18/97
r.OM CORP
14.1250
($11
300
00)
$45 EXP 01/18/97 ,
.
Portfolio Value
IUNT TRANSACTION DETAIL
$51,556.25
TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT
3 Short Sale 01/12 7_ 0 ening Cash Balance ($43,213.41)
CALL THREE COM CORP 10.1250 $7,057.26
$60 EXF 01/18/97
• • • CONTINUED ON NEXT PAGE
halos s&&" a Co.. Inc. SEE REVERSE SIDE FOR STATEMENT INFORMATION Manner. New York eldcl Exda-qk 2nd
MW 04 10021 aleck 2nde ,m •r»2My
Charles S
SCHWAB GNE ACCOUNT Statement
ACCOUNT NUMBER TAX ID NUMBER PERIOD COVERED__ LAST STATEMENT PAGE
HG 8074-5686 206-58-9350 JAN 1 - JAN 31 1995 DEC 1994
2
.TE TRANSACTION QUANTITY DESCRIPTION PRICE
/13
Cover Short 01/12 7
CALL AMOUNT
/30
Margin interest THREE COM CORP
945 EXP 01/18/97 17.5000
($12,280.00)
??• INTEREST 12/29THRU 01/29
Ending Cash Balance ($338.39
4
($48,774.5
TEREST_CALCULATION DETAIL FROM DEC 29 1994 THROUGH JAN_29 1995
NBR
PE DAYS MARGIN ACCOUNT COR FREE ASH ACCT DEBIT OMARSHORTABAULES PO BALANCE
RATE INTEREST
/29 32 (45,987.99) .00 .00 (46,141.00) 8.2501 :?in Interest Charged ($338.39) (5338.39)
11 balances are average daily balances
hNM eww.b a co, Inc. kumber. Now Yak atom Edon". b _ Wd
SEE REVERSE SIDE FOR STATEMENT INFnRMATInN .............
.. ......... .
iarles
ACCOUNT NUMBER TAX-ID-NUMBER _PERIOD COVERED-- LAST STATEMENT _
-PAGE
HG 8074-5886 208-58-9350 FEB 1 - FEB 28 1995 JAN 1995
1
TITLE OF ACCOUNT OFFICE-SERVING-YOUR-ACCOUNT
BRIAN J SHEAFFER 17 SOUTH MARKET SQUARE STE 1A
10 HINES DRIVE HARRISBURG PA 17101
EAST BERLIN PA 17316-9229
717-233-1154
FOR QUESTIONS ABOUT THIS STATEMENT: CONTACT YOUR BRANCH '••
___________________________ -_
OF KEY VALUES AS OF_FEB 28 1995
=ants owned $78,187.50
:Mentz Short
Portfolio Value ($27,00000)
.
Cash Balance $51,187
.50
(545,644.25)
.L ACCOUNT VALUE 35
543
25
in Value from 01/95 ,
.
$2,761.54
Account Equity $5,543.00
+riting or VISA Limit $.00
9CHWA8 ONE ACCOUNT
Statement
ACCOUNT-TRANSACTION SUMMARY
OPENING CASH BALANCE
Investment Sales
Total Credits
Investment Purchases
Margin Interest Charged
Total Debits
ENDING CASH BALANCE
MENT_INCOME_SUMMARY
OF INCOME CURRENT PERIOD YEAR TO DATE
L INVESTMENT INCOME
$.00
$.00
INTEREST CHARGED ($309.39) ($647.78)
-_____- __-___- _-_________ -_----
($48,774.54)
$9,419.68
$9,419.68
($5,980.00)
($309.39)
($6,289.39)
($45,644.25)
RATE SUMMARY AS OF 02/28_
TEF Yield` 3.441
STF Yield* 5.261
Schwab 1 Yield 5.191
Margin Loan Rate 8.251
to 9.251
Day Annualized Yield.
Pleaas see reverse for
more information.
--------------------'--+
O_POSITION DETAIL
S LONG/
T SHORT QUOTE
SYMBOL
QUANTITY
INVESTMENT DESCRIPTION LATEST
PRICE MARKET VALUE
M Long
M Short COMS
ZTHAI 1500
15 THREE COM CORP
CALL THREE COM CORP
$45 EXP 01/18/97 52.1250 $78,187.50
18.0000 ($27,000.00)
:olio value $51,187.50
'RANSACTION DETAIL
iNSACTION QUANTITY DESCRIPTION PRICE AMOUNT
:er Short 02/01 7 CALning
)rt Sale 02/01 7_ $60L
$CALL
Cash Balance
THREE COM CORP
EXP 01/18/97
THREE COM CORP
EXP 01/18/97
' ' • CONTINUED ON NEXT PAGE '
wm a Co.. Ina SEE REVERSE SIDE FOR STATEMENT INFORMATION
8.5000
13.5000
($48,774.54)
($5,980.00)
$9,419.68
WW tw. New Vat No* EttMme. W- am
OUWOnndwl ?IMr •MI nr.w.. .......,.
Charles S
SCHWAB ONE ACCOUNT
Statement
ACCOUNT NUMBER TAX ID NUMBER -PERIOD COVERED- LAST STATEMENT PAGE
HG 8074-5886 208-58-9350 FEB 1 - FEB 28 1995 JAN 1995
2
WE TRANSACTION QUANTITY DESCRIPTION
PRICE AMOUNT
1/27 Margin Interest INTEREST 01/30THRU 02/26
Ending Cash Balance (41309.39)
(84 ,644.25)
ITEREST_CALCULATION DETAIL FROM JAN 30 1995 THROUGH FEB 2619 95
ATE ET VALUE DAYS ?GIIN ACCOUNT ORSFREECCREDITT OOFF (SHORT SALES TBO INTTEREST?? RATE
( INTEREST
/
/30 03 24 (45,334.86) .00 00 (47.931.39) 8.2501 .00 :
00 (45,498.96) 8.7501 (243.94)
rgin Interest Charged (5309.39) (412641.441)
11 balances are average daily balances
MwrbW.
owms Sdmb a Co., Inc. SEE REVERSE SIDE FOR STATEMENT INFORMATION .?n .N.,µ Vwk 8W* ............'.!^a
es Schwab
---------------*
ACCOUNT NUMBER TAX_ID NUMBER PERIOD COVERED
HG _-pAGE_
HG 8074-5886 208-58-9350 MAR 1 - LAST _
MAR 31 1995 FEB 1995 1
TITLE-OF-ACCOUNT OFFICE-SERVING-YOUR-ACCOUNT
BRIAN J SHEAFFER 17 SOUTH MARKET SQUARE 10 PINES DRIVE HARRISBURG PA 1701STE LA
EAST BERLIN PA 17316-9229
717-233-1154
'*• FOR QUESTIONS ABOUT THIS STATEMENT; CONTACT YOUR BRANCH •*•
.TUS OF KEY VALUES AS OF_MAR_31 1995
eatments Owned
'eatments Short $84,937.50
et Portfolio value
i ($29,925.00)
$55
012
50
nqq Cash Balance
OTAL ACCOUNT V ,
.
(947,937.17)
ALUE
age in Value from 02/95 $7,075.33
$1,532.08
gin Account %ity $7,075.00
ckwriting or VISA Limit $.00
ACCOUNT TRANSACTION_SUMMARy
OPENING CASH BALANCE
Investment Sales
Total Credits
Investment Purchases
Margin Interest Charged
Total Debits
ENDING CASH BALANCE
:STMENT_INCOMESUMMARY
ACE OF INCOME CURRENT PERIOD YEAR TO DATE
DTAL INVESTMENT INCOME
IN-INTEREST-CHARGED
DLIO POS
SCHWAB ONE ACCOUNT Statement
$.00
$.00
($357.53) ($1,005.31)
SH
DRY T ORT SYYMBOL QUANTITY
M Long COMB 1500
M
IS Short 2THAI 9
M Short ZTHAJ 6
)rtfolio Value
TRANSACTION
Cover Short 03/07
y su ab a Co.. Inc.
INVESTMENT DESCRIPTION
THREE COM CORP
$CgALLL THREE COM CORP
EXP 01/18/97
$C OL THREE COM CORP
EXP 01/18/97
$55,012.50
($45,644.25)
$11,519.61
$11,519.61
($13,455.00)
($357.53)
($13,812.53)
($47,937.17)
RATE SUMMARY AS OF 03/31_
TEF Yield* 3.391
STF Yield* 5.351
Schwab 1 Yield 5.261
Margin Loan Rate 8.251
to 9.251
pleaseyseenreverse to= 1d.
more information.
LATEST
PRICE MARKET VALUE
56.6250 $84,937.50
21.2500 (4119,125.00)
18.0000 ($10,800.00)
QUANTITY DESCRIPTION PRICE AMOUNT
6 0M0p ning Cash Balance
CALL THREE COM CORP 22.3750 ($45,644.25)
$45 EXP 01/18/97 ($13,455.00)
' • • CONTINUED ON NEXT PAGE • • •
SEE REVERSE SIDE FOR STATEMENT INFORMATION MWF6W N" ron, slag Exclu pp y4 one
ano 00e081 no,f •M n ...........
Charles
SCHWAB ONE ACCOUNT
Statement
ACCOUNT NUMBER TAX ID NUMBER _PERIOD COVERED__ LAST STATEMENT PAGE
HG 8074-5886 208-58-9350
MAR 1 - MAR 31 1995 FEB 1995 -
_
2
ILCCOUNT TRANSACTION_DETAIL
)ATE TRANSACTION QUANTITY DESCRIPTION PRICE
33/09
short sale 03/08 6-
CAL AMOUNT
13130
Margin Interest L THREE COM CORP 19.2500
$30 EXP 01/18/97
$11,519.61
EndingsCash/Balance03/29 ($37.13)
(947,937.17)
:NTEREST CALCULATION DETAIL FROM FEB_27 1995 THROUGH_MAR 29 1995
)ATE
NBR
DAYS NET BBA tCOUNT
MARGIN AC
CASH DEBIREDITT OAF 30RVALUE --------
CERES?? -------
NTEREST
g T RATE AM01JN1'
X3%08 9 {45,644.25)
159
099
25) .00 .00 (45,684.95) 8
750\
%3/09 ,
.
21
(47,579.64) .00
00 .00 (59,199.19) .
8.250\ 599.94)
$13
57)
. .00 (47,804.27) 8.7501 .
($244.02)
tar in
l Interest charged ($357.53)
Al
b alances are-average dally balances
cmrm ktmb a Co" M6' SEE REVERSE SIDE FOR STATEMENT INFORMATION rN "mal %Wo* *M P...
I
ACCOUNT NUMBER TAX-ID-NUMBER
HG 8074-5886 208-58-9350
TITLE OF ACCOUNT
BRIAN J SHEAFFER
10 HINES DRIVE
EAST BERLIN PA 17316-9229
OFFICE SERVING YOUR ACCOUNT
17 SOUTH MARKET SQUARE STE 1A
HARRISBURG PA 17101
717-233-1154
FOR_QUESTIONS ABOUT THIS STATEMENT: CONTACT YOUR BRANCH •+•
ATUS OF KEY VALUES AS OF APR_30.1995
vestments Owned
vestments Short
$84,000.00
Net Portfolio Value ($29,087.50)
dingq Cash Balance
POTAL ACCOUNT $54,112.50
($48,264
49)
VALUE
ange in Value from 03/95 .
$5,848.01
($1,227.32)
rgin Account Equity
eckwriting or VISA Limit $5,848,00
5.00
ACCOUNT TRANSACTION-SUMMARY
OPENNIN G InCterea Charged -- (947 -BALANCE ENDING CASH Interest Ch,937.17) BALANCE ($48,264.49)
VESTMENT-INCOME-SUMMARY
URCE OF INCOME CURRENT PERIOD
YEAR TO DATE
'OTAL INVESTMENT INCOME
$.00
IGIN INTEREST CHARGED
- ---?_(S327.32) ($1,332.63)
---- ------ ------------------
.'FOLIO POs
:GORY
:KS
DNS
S LONG/ QUOTE
T SHORT SYMBOL QUANTITY
M Long coma 1500
M Short ZTHAI 9
M Short ZTHAJ 6
Portfolio Value
TRANSACTION
7 Margin interest
+
$.00
INVESTMENT DESCRIPTION RICET
MARKET VALUE
THREE COM CORP
CALL THREE
COM CORP 56.0000
$84,000.00
$45 EXP 01/18/97 21.3750 ($19,237.50)
SC OL THREE
EXP COM CORP
01/18/97 17.7500 (510,650.00)
$54,112.50
QUANTITY DESCRIPTION
Opening PRICE
IERETC03130THRUc04/26
Ending Cash Balance
CONTINUED ON
NEXT PACE • +
RATE SUMMARY AS OF 04/30_
TEF Yield* 3.681
STF Yield* 5.38%
Schwab 1 Yield 5.281
Margin Loan Rate 8.251
to 9.251
7 Day Annualized Yield.
Please see reverse for
more infozmation.
AMOUNT
($47,937.17)
($48,264.49)
>?nw srm as Co.. Inc. SEE REVERSE SIDE FOR STATEMENT INFORMATION n
MrN?. Nhv 1b,lt Bbtlc
M ?wwnw•1 •InrY •M w-'w"Y•Illfi. W4
?PERIOD COVERED? LRST-STATEMENT
APR 1 ?PAGE?
- APR 30 1995 MAR 1995
1
WINE
;harles Schwab SC
HWAB ONE ACCOUNT Statement
ACCOUNT NUMBER TAX_ID NUMBER -.PERIOD COVERED-- LAST STATEMENT PAGE
HG 8074-5886 208-58-9350 APR 1 - APR 30 1995 MAR 1995 2
EREST_CALCULATION DETAIL_FROM MAR 30 1995 THROUGH APR 26_1995
HEIR NET BALANCE CASH ACCT DEBIT MARKET VALUE BALANCE SUBJECT INTEREST
E DAYS MARGIN ACCOUNT OR FREE CREDIT OF SHORT SALES TO INTEREST RATE AMOUNT
30 28 (47,937.17) .00 .00 (48,088.54) 8.7501
($327.32)
yin
gin Interest Charged ($327.32)
are average daily balances
.hem Sdmb 6 Co., Ina SEE REVERSE SIDE FOR STATEMENT INFORMATION othw. V eml sloe* and m"m 0..y, ? ?
Charles' Schwab SCHWAB ONE ACCOUNT Statement
ACCOUNT _NUMBER TAX_ID NUMBER _PERIOD COVERED- LAST-STATEMENT PAGE
HG 8074-5886 208-58-9350 MAY 1 - MAY 31 1995 APR 1995 1
TITLE-OF-ACCOUNT OFFICE-SERVING-YOUR-ACCOUNT
BRIAN J SHEAFFER
10 HINES DRIVE
EAST BERLIN PA 17316-9229
717-233-1154
••w FOR QUESTIONS ABOUT THIS STATEMENT: CONTACT YOUR BRANCH •ww
STATUS-OF-KEY-VALUES-AS-OF-MAY-31-1995
Investments Owned $96,000.00
Investments Short ($30,375.00)
Net Portfolio Value $65,625.00
Ending Cash Balance (558,866.06)
TOTAL ACCOUNT VALUE $6,758.94
Change in Value from 04/95 $910.93
margin Account Equity
F
d $6,758.00
un
s Available Margin Account $3,534.00
Checkwriting or VISA Limit $3,946.51
17 SOUTH MARKET SQUARE STE 1A
HARRISBURG PA 17101
ACCOUNT-TRANSACTION SUMMARY
OPENING CASH BALANCE ($48,264.49)
Investment Sales $33,688.87
Total Credits $33,688.87
Investment Purchases ($43,897.50)
Margin Interest Charged ($392.94)
Total Debits ($44,290.44)
ENDING CASH BALANCE ($58,866.06)
INVESTMENT-INCOME-SUMMARY
SOURCE OF INCOME CURRENT PERIOD YEAR TO DATE
TOTAL INVESTMENT INCOME
$.00
RATE SUMMARY AS OF 05/31_
TEF Yield* 3.4111
STF Yield* 5.3111
Schwab 1 Yield 5.2811
Margin Loan Rate 8.25%
to 9.2511
$.00
w 7 Day Annualized Yield.
Please see reverse for
more information.
MARGIN-INTEREST-CHARGED- ($392.94) ($1,725.57)
-------°---°-------°-- --------
1ORTFOLIO POSITION DETAIL
S LONG/ QUOTE LATEST
'ATEGORY T SHORT SYMBOL QUANTITY INVESTMENT DESCRIPTION PRICE MARKET VALUE
TOCKS M Long COMB
PTIONS M Short WTHAM
at Portfolio value
.000UNT TRANSACTION DETAI
ATE TRANSACTION
wwww
5/25 Cover Short 05/24
64.0000 $96,000.00
20.2500 ($30,375.00)
PRICE AMOUNT
Opening cash Balance (548,264.49)
9 CALL THREE COM CORP 30.8750 ($27,817.50)
$45 EXP 01/18/97
• • • CONTINUED ON NEXT PAGE • w •
D C 4rM SdMOb A Co.. 10o. SEE REVERSE SIDE FOR STATEMENT INFORMATION
1500 THREE COM CORP
15 CALL THREE COM CORP
$65 EXP 01/17/98
$65,625.00
QUANTITY DESCRIPTION
Mwrber New Ywk 8104 Exdun". tat. and
n1AM n.... .. ..... ...-.
Charles Schwab SCHWAS ONE ACCOUNT Statement
ACCOUNT NUMBER TAX_ID_NUMBER PERIOD-COVERED- LAST STATEMENT _PAGE_
HG 8074-5806 208-58-9350 MAY 1 - MAY 31 1995 APR 1995 2
ACCOUNT TRANSACTION DETAIL
3AATE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT
05/25 Short Sale 05/24 9- CALL THREE COM CORP 23.5000 $21,119.29
$65 EXP 01/17/98
35/30 Margin Interest INTEREST 04/27THRU 05/29 ($392.94)
35/30 Short Sale 05/26 6- CALL THREE COM CORP 21.0000 $12,569.50
$65 EXP 01/17/98
35/30 Cover Short 05/26 6 CALL THREE COM CORP 26.7500 ($16,080.00)
$50 EXP 01/18/97
Ending Cash Balance ($58,866.06)
INTEREST CALCULATION DETAIL FROM APR 27 1995 THROUGH MAY 29 1995
NBR NET BALANCE CASH ACCT DEBIT MARKET VALUE BALANCE SUBJECT INTEREST
SATE DAYS MARGIN ACCOUNT OR FREE CREDIT OF SHORT SALES TO INTEREST RATE AMOUNT
14/27 28 (48,264.49) .00 .00 (48,418.15) 8.7501 ($329.56)
)5/25 5 (54,962.70) .00 .00 (551302.40) 6.2501 ($63.381
trgqin Interest charged ($392.94)
A11 balances are average daily balances
m CAI" Sdm2b A Co.. Ina a CE amFaee coma enn a*eTeun.. •. •?no 0....., AI~. New Yak glad Edwge. k,a wd
Charles
SCHWAB ONE ACCOUNT Statement
ACCOUNT NUMBER TAX-ID-NUMBER -.PERIOD COVERED- LAST STATEMENT PAGE
HG 8074-5886 208-58-9350 JUN 1 - JUN 30 1995 MAY 1995 1
TITLE-OF-ACCOUNT OFFICE-SERVING-YOUR-ACCOUNT
BRIAN J SHEAFFER
10 HINES DRIVE
EAST BERLIN PA 17316-9229
17 SOUTH MARKET SQUARE STE IA
HARRISBURG PA 17101
717-233-1154
••• FOR QUESTIONS ABOUT THIS STATEMENT. CONTACT YOUR BRANCH •••
.-------------------------------------------------------------------- ---------- -----------
STATUS-OF-KEY-VALUES AS OF JUN 30 1995
Investments owned $100,500.00
Investments Short ($34,125.00)
Net Portfolio Value $66,375.00
Ending Cash Balance ($60,278.32)
TOTAL ACCOUNT VALUE $6,096.68
Change in Value from 05/95 ($662.26)
Margin Account Equity $5,536.00
Checkwriting or VISA Limit $3,084.19
INVESTMENT-INCOME-SUMMARY,
SOURCE OF INCOME
TOTAL INVESTMENT INCOME
$.00
MARGIN-INTEREST-CHARGED ($412.26)
YEAR TO DATE
$.00
($2,137.831
($58,866.06)
$.00
($1,000.00)
($412.26)
($1,412.26)
($60,278.32)
RATE SUMMARY AS OF 06/30_
TEF Yield* 3.471
STF Yield* 5.221
Schwab 1 Yield 5.251
Margin Loan Rate 8.251
to 9.251
• 7 Day Annualized Yield.
Please see reverse for
more information.
PORTFOLIO POSITION DETAIL
S LONG/
CATEGORY T SHORT QUOTE
SYMBOL QUANTITY
INVESTMENT DESCRIPTION LATEST
PRICE
MARKET VALUE
STOCKS M Long
OPTIONS M Short COMS 1500
WTHAM 15 THREE COM CORP 67.0000 $100,500.00
CALL THREE COM CORP 22.7500 ($340125.00)
$65 EXP 01/17/98
Vet Portfolio Value $66,375.00
ACCOUNT-TRANSACTION-DETAIL
DATE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT
06/02 Funds Paid
06/29 Margin Interest
opening Cash Balance
COST REQ
INTEREST 05/30THRU 06/28
Ending Cash Balance
• • • CONTINUED ON NEXT PAGE
C Charw 6thwe0a Co.. Inc. SEE REVERSE SIDE cnr, eTeTCUCUr umnoun*.?.
ACCOUNT-TRANSACTION SUMMARY
OPENING CASH BALANCE
Total Credits
Funds Withdrawn
Margin Interest Charged
Total Debits
ENDING CASH BALANCE
CURRENT PERIOD
($58,866.061
($1,000.00)
($412.26)
($60,278.32)
Mwnber. New York MOM Exchange. Ire. and
TRADES PENDING SETTLEMENT
TRADE DATE ACTION QUANTITY DESCRIPTION PRICE SETTLE DATE
06/30 Short Sale 8- CALL THREE COM CORP 17.0000 07/03
$80 EXP 01/17/98
06/30 Cover Short 8 CALL THREE COM CORP 23.8750 07/03
$65 EXP 01/17/98
INTEREST CALCULATION DETAIL FROM MAY 30 1995 THROUGH JUN_28 1995
HBR NET BALANCE CASH ACCT DEBIT MARKET VALUE BALANCE SUBJECT INTEREST
DATE DAYS MARGIN ACCOUNT OR FREE CREDIT OF SHORT SALES TO INTEREST RATE AMOUNT
05/30 30 (59,766.06) .00 .00 (59,959.27) 8.250% (41412.26)
Margqin Interest charged ($412.26)
All balances are average daily balances
a awrwsefttbaCo.Inc aceonn:occcrnccnnc-wcueo?.... n.u.•-. 1w!W.N"York SlothErlutp,Inc. ww
ACCOUNT-NUMBER TAX-ID-NUMBER -PERIOD COVERED- LAST STATEMENT _PAGE_
HG 8074-5886 208-58-9350 JUN 1 - JUN 30 1995 MAY 1995 2
i
Charles'Schwab SCHWAB ONE ACCOUNT Statement
ACCOUNT-NUMBER TAX-ID-NUMBER -PERIOD-COVERED- LAST STATEMENT _PAGE_
HG 8074-5886 208-58-9350 JUL 1 - JUL 31 1995 JUN 1995 1
TITLE-OF-ACCOUNT
BRIAN J SHEAFFER
10 HINES DRIVE
EAST BERLIN PA 17316-9229
($66,496.08)
$6,328.92
$232.24
$6,328.00
$373.00
$1,774.66
717-233-1154
••• FOR QUESTIONS ABOUT THIS STATEMENT: CONTACT YOUR BRANCH •••
STATUS_OF_KEY_VALUES_AS OF JUL 31 1995
Investments Owned $102,875.00
Investments Short ($30,050.00)
Net Portfolio Value $72,825.00
Ending Cash Balance
TOTAL ACCOUNT VALUE
Change in Value from 06/95
Margin Account Equity
Funds Available Margin Account
Checkwritinq or VISA Limit
,
INVESTMENT-INCOME-SUMMARY
SOURCE OF INCOME
TOTAL INVESTMENT INCOME
CURRENT PERIOD YEAR TO DATE
$.00
MARGIN-INTEREST-CHARGED 0416.991
$.00
(52,554.82)
RATE SUMMARY AS OF 07/31_
TEF Yield* 3.201
STF Yield* 5.141
Schwab 1 Yield 5.071
Margin Loan Rate 8.001
to 9.001
• 7 Day Annualized Yield.
Please see reverse for
more information.
PORTFOLIO POSITION DETAIL
S LONG/ QUOTE LATEST
CATEGORY T SHORT SYMBOL QUANTITY INVESTMENT DESCRIPTION PRICE MARKET VALUE
STOCKS M Long ALSC 200 ALLIANCE SEMICONDUCTOR 70.0000 $14,000.00
WITH STOCK SPLIT SHARES
M Long COMS 1200 THREE COM CORP 74.0625 $88,875.00
WITH STOCK SPLIT SHARES
IPTIONS M Short QASAN 2 CALL ALLIANCE SEMICOND 13.0000 ($2,600.00)
$70 EXP 01/20/96
M Short WTHAP 12 CALL THREE COM CORP 22.8750 ($27,450.00)
$80 EXP 01/17/98
Net Portfolio Value $72,825.00
• • • CONTINUED ON NEXT PAGE
m CMM$ 6dmb A Co. Ina SEE REVERSE SIDE FOR STATFVENT INFnm/ATIna
OFFICE-SERVING-YOUR-ACCOUNT
17 SOUTH MARKET SQUARE STE 1A
HARRISBURG PA 17101
ACCOUNT TRANSACTION SUMMARY
OPENING CASH BALANCE ($60,278.32)
Investment Sales $43,634.23
Total Credits $43,634.23
Investment Purchases ($49,435.00)
Margin Interest Charged ($416.99)
Total Debits ($49,851.99)
ENDING CASH BALANCE ($66,496.08)
LAW6W.. NM York albrt EsdW V6. kr. WW
.MM nn.....1 ....L .M M'..........
® Charles'khwab j SCHWAB ONE ACCOUNT State*m,ent
ACCOUNT _NUMBER TAX-ID-NUMBER -PERIOD COVERED- LAST STATEMENT _PAGE_
HG 8074-5886 208-58-9350 JUL 1 - JUL 31 1995 JUN 1995 2
ACCOUNT TRANSACTION DETAIL
DATE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT
'"•'
07/03
Short Sale
06/30
8- ening Cash Balance
CALL THREE COH CORP
17.0000 (160,278.32)
$13,569.54
$80 EXP 01/17/98
07/03 Cover short 06/30 8 CALL THREE COM CORP 23.8750 ($19,130.00)
$65 EXP 01/17/98
07/10 Short Sale 07/07 4- CALL THREE COH CORP 18.5000 $7,369.75
$80 EXP 01/17/98
07/10 Cover Short 07/07 7 CALL THREE COM CORP 25.5000 ($17,880.00)
$65 EXP 01/17/98
07/12 Sold 07/07 300- THREE COH CORP 70.0000 $20,915.00
07/17 Short Sale. 07/14 2- CALL ALLIANCE SEHICOND 8.7500 $1,719.94
$70 EXP 01/20/96
07/19 Bought 07/14 200 ALLIANCE SEMICONDUCTOR 62.0000 ($12,425.00)
07/28 Margin Interest INTEREST 06/29THRU 07/27 ($416.99)
'•••' Ending Cash Balance ($66,496.08)
INTEREST CALCULATION DETAIL FROM JUN_29 1995 THROUGH JUL 27 1995
NBA NET BALANCE CASH ACCT DEBIT MARKET VALUE BALANCE SUBJECT INTEREST
DATE DAYS MARGIN ACCOUNT OR FREE CREDIT OF SHORT SALES TO INTEREST RATE AMOUNT
06/29 19 (62,379.32) .00 .00 (62,503.22) 8.2501 ($272.17)
07/18 10 (64,836.59) .00 .00 (65,168.23) 8.0001 ($144.82)
Margin Interest Charged 0416.991
A11 balances are average daily balances
tZ 0414290n baco.InC -cc am Marc el..er.•nn...- AbmW,:NmYbrtalockExdan".W-am
® Charles'Schwah SCHWAB ONE ACCOUNT Statement
ACCOUNT NUMBER TAX-ID-NUMBERPERIOD-COVERED- LAST STATEMENT _PAGE_
HG 8074-5886 208-58-9350 AUG 1 - AUG 31 1995 JUL 1995 1
TITLE-OF-ACCOUNT OFFICE-SERVING-YOUR-ACCOUNT
BRIAN J SHEAFFER
10 HINES DRIVE
EAST BERLIN PA 17316-9229
717-233-1154
••• FOR QUESTIONS ABOUT THIS STATEMENT: CONTACT YOUR BRANCH •••
STATUS OF KEY VALUES AS OF AUG 31 1995
Investments Owned $93,600.00
Investments short ($30,600.00)
Net Portfolio Value $63,000.00
Ending Cash Balance ($56,618.20)
TOTAL ACCOUNT VALUE $6,381.80
Change in Value from 07/95 $52.88
Margin Account Equity $6,216.00
Checkwriting or VISA Limit $4,206.72
17 SOUTH MARKET SQUARE STE lA
HARRISBURG PA 17101
ACCOUNT-TRANSACTION SUMMARY
OPENING CASH BALANCE
Investment Sales
Total Credits
Investment Purchases
Margin Interest Charged
Total Debits
ENDING CASH BALANCE
INVESTMENT INCOMESUMMARY
SOURCE OF INCOME CURRENT PERIOD YEAR TO DATE
TOTAL INVESTMENT INCOME
$.00
$.00
($66,496.08)
$12,125.00
$12,125.00
($1,755.00)
($492.12)
($2,247.12)
($56,618.20)
RATE SUMMARY AS OF_08/31-
TEF Yield* 3.101
STF Yield* 5.011
Schwab 1 Yield 5.021
Margin Loan Rate 8.001
to 9.001
• 7 Day Annualized Yield.
Please see reverse for
more information.
MARGIN INTEREST CHARGED
- - ($492.12) ($3,046.94)
I
---------- ----------------- ----------- ----------------------------------------°--------------+
PORTFOLIO POSITION DETAIL
S LONG/ QUOTE LATEST
CATEGORY T SHORT SYMBOL QUANTITY INVESTMENT DESCRIPTION PRICE MARKET VALUE
STOCKS M Long COMB 2400 THREE COM CORP 39.0000 $93,600.00
OPTIONS M Short WTHAH 24 CALL THREE COM CORP 12.7500 ($30,600.00)
$40.00 ADJ EXP 01/17/98
Net Portfolio Value $63,000.00
ACCOUNT TRANSACTION DETAIL
DATE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT
'•"• Opening Cash Balance ($66,496.08)
08/01
08/2 Stock Split 100 ALLIANCE SEMICONDUCTOR
3 Cover Short 08/22 2 CALL ALLIANCE SEMICOND 5.7500 ($1,755.00)
$46.625 ADJ EXP 01/20/96
08/28 Stock Split 1200 THREE COM CORP
• • • CONTINUED ON NEXT PAGE • •
(D then.e sch"b a co, Inc. SEE REVERSE SIOE Fnp CTATC'uc,dT MenoueTin., Member. New Yod ft* EmInenpo' Inc. um
_..?............. -.....
Charleslchwah SCHWAB ONE ACCOUNT State ent
ACCOUNT NUMBER TAX-ID-NUMBERPERIOD COVERED- LAST STATEMENT PAGE
HG 8074-5886 208-58-9350 AUG 1 - AUG 31 1995 JUL 1995 2
ACCOUNT-TRANSACTION-DETAIL
DATE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT
08/28 Options Frwd Splt 12- CALL THREE COM CORP
$40.00 ADJ EXP 01/17/98
08/30 Margin Interest INTEREST 07/28THRU 08/29 ($492.12)
08/31 Sold 08/28 300- ALLIANCE SEMICONDUCTOR 40.5000 $12,125.00
Ending Cash Balance ($56,618.20)
TRADES PENDING SETTLEMENT
TRADE DATE ACTION QUANTITY DESCRIPTION PRICE SETTLE DATE
08/31 Bought
450 THREE COM CORP
50 THREE COM CORP
INTEREST CALCULATION DETAIL FROM JUL 28 1995 THROUGH AUG 29 1995
NBR NET BALANCE CASH ACCT DEBIT MARKET VALUE BALANCE SUBJECT
DATE DAYS MARGIN ACCOUNT OR FREE CREDIT OF SHORT SALES TO INTEREST
07/28 33 (66,868.35)
INTEREST
RATE AMOUNT
.00 .00 (67,098.811 8.0001 ($492.12)
Margin Interest Charged ($492.12)
All balances are average daily balances
OPEN ORDERS AS OF AUG 31_1995
DATE LATEST
ENTERED ACTION WILL EXPIRE QUANTITY DESCRIPTION LIMIT PRICE PRICE
08/31/95 Sell 10/30/95 5 CALL THREE COM CORP 13.1250 12.7500
$40.00 ADJ EXP 01/17/98
Orders expire as of close of business on expiration date listed above.
39.2500 09/06
39.2500 09/06
AIN"I.._ Nn, York ala# Ead mrI,m Ina am
Q7 ti1a11M aCfIMCa Co.. Inc. SEE REVERSE SIDE Fn?p RTnrvi8F4T Iurnouenroi ..,._. _...........
Charles'Schwab SCHWAB ONE ACCOUNT Statement
ACCOUNT NUMBER TAX-ID-NUMBERPERIOD-COVERED- LAST STATEMENT -PACE-
HG 8074-5886 208-58-9350 SEP 1 - SEP 30 1995 AUG 1995 1
TITLE-OF-ACCOUNT OFFICE SERVING YOUR ACCOUNT
BRIAN J SHEAFFER
10 HINES DRIVE
EAST BERLIN PA 17316-9229
17 SOUTH MARKET SQUARE STE IA
HARRISBURG PA 17101
717-233-1154
••• FOR QUESTIONS ABOUT THIS STATEMENT:
STATUS OF KEY VALUES AS OF SEP 30 1995
CONTACT YOUR BRANCH •'•
ACCOUNT TRANSACTION SUMMARY
Investments Owned $155,762.50 OPENING CASH BALANCE ($56,618.20)
Investments Short ($49,575.00) Investment Sales $41,279.11
Net Portfolio Value $106,187.50 Total Credits $41,279.11
Ending Cash Balance ($94,326.72) Investment Purchases ($77,287.001
TOTAL ACCOUNT VALUE $11,860.78 Checks Written ($1,183.94)
Change in Value from 08/95 $5,478.98 Margin Interest Charged ($516.69)
Total Debits ($78,987.63)
Margin Account Equity $12,003.00 ENDING CASH BALANCE ($94,326.72)
Checkwrlting or VISA Limit $3,649.04
INVESTMENT-INCOME-SUMMARY RATE SUMMARY AS OF 09/30_
SOURCE OF INCOME CURRENT PERIOD YEAR TO DATE TEF Yield* 3.431
STF Yield* 4.941
Schwab 1 Yie ld 4.971
TOTAL INVESTMENT INCOME $.00 $.00 Margin Loan Rate 8.001
to 9.001
' 7 Day Annualized Yield.
Please see reverse for
more information.
MARGIN_INTEREST CHARGED ($516.69) ($3,563.63)
PORTFOLIO POSITION DETAIL
S LONG/ QUOTE LATEST
CATEGORY T SHORT SYMBOL QUANTITY INVESTMENT DESCRIPTION PRICE MARKET VALUE
STOCKS M Long MU 300 MICRON TECHNOLOGY INC 79.3750 $23,812.50
M Long COMB 2900 THREE COM CORP 45.5000 $131,950.00
OPTIONS M Short WGYAD 3 CALL MICRON TECHNOLOGY 15.3750 ($4,612.50)
$120 EXP 01/17/98
M Short WTHAJ 14 CALL THREE COM CORP 11.6250 ($16,275.00)
$50 EXP 01/17/98
M Short WTHAH 15 CALL THREE COM CORP 19.1250 ($28,687.50)
Net Portfolio Value $106,187.50
ACCOUNT-TRANSACTION- DETAIL
DATE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT
•'••• Opening Cash Balance ($56,618.20)
. • • CONTINUED ON NEXT PAGE
MWr bu: NM York stock E=hW". W. W
C tMrlw 6dw8bA Co.. Inc. SEE REVERSE SIDE FOR STATFraFNT INM014ATInN -•....................... .....
Charles* Schwab SCHWAB ONE ACCOUNT Statement
ACCOUNT NUMBER TAX_ID NUMBER PERIOD-COVERED- LAST STATEMENT _PAGE_
HG 8074-5886 208-50-9350 SEP 1 - SEP 30 1995 AUG 1995 2
ACCOUNT-TRANSACTION-DETAIL
DATE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT
09/06
09/06 Bought
Bought 08/31
08/31 450
50 THREE COM CORP
HR 39.2500 ($17,698.50)
09/07
Short Sale
09/06
5- T
EE COM CORP
CALL THREE COM CORP 39.2500
13.1250 ($1,966.50)
$6,532.28
$40.00 ADJ EXP 01/17/98
09/12
09/15 Bought
Short Sale 09/07
09/14 300
3- MICRON TECHNOLOGY INC 90.5000 ($27,175.00)
CALL MICRON TECHNOLOGY 30.6250 $9,157.19
$90 EXP 01/17/98
09/18 Funds Paid SCHWAB ONE CHECK 0110 ($929
00)
09/20 Cover Short 09/19 14 CALL THREE COM CORP 15.7500 .
($22,092.00)
$40.00 ADJ EXP 01/17/98
09/21 Short sale 09/20 14- CALL THREE COM CORP 14.5000 $20,257.32
$50 EXP 01/17/98
09/25 Cover Short 09/22 3 CALL MICRON TECHNOLOGY 27.7500 ($8,355.001
$90 EXP 01/17/98
09/25 Short Sale 09/22 3- CALL MICRON TECHNOLOGY 17.8750 $5,332.32
$120 EXP 01/17/98
09/28 Margin Interest INTEREST 08/30THRU 09/27 ($516
69)
09/28 Funds Paid SCHWAB ONE CHECK 0111 .
($254.94)
Ending Cash Balance ($94,326.72)
TRADES PENDING SETTLEMENT
TRADE DATE ACTION
09/29 Cover short
QUANTITY DESCRIPTION
15 CALL THREE COM CORP
$40.00 ADJ EXP 01/17/98
PRICE SETTLE DATE
19.0000 10/02
INTEREST CALCULATION DETAIL FROM AUG_30 1995 THROUGH_SEP 27_1995
NBR NET BALANCE CASH ACCT DEBIT MARKET VALUE 9ALANCE SUBJECT INTEREST
DATE DAYS MARGIN ACCOUNT OR FREE CREDIT OF SHORT SALES TO INTEREST RATE AMOUNT
08/30 29 (79,950.15) .00 .00 (80,166.68) 8.0001 0516.69)
Margin Interest Charged 1$516.69)
All balances are average daily balances
CHECKWRITING TRANSACTION DETAIL
CHECK NBR AMOUNT ENTRY DATE CHECK NBR AMOUNT ENTRY DATE
0110 (929.00) 09/18 0111 (254.94) 09/26
Checks Written
($1,183.941
m cnw. scn«.e a co.. Inc k4mbor. N" York Monk EMrnge. M rm
SEE REVERSE SIDE FOR STAT17MENT INrongfiATIn4 • e.,......a ....., ..w..... .._.....
TITLE-OF-ACCOUNT OFFICE SERVING YOUR ACCOUNT
BRIAN J SHEAFFER
10 HINES DRIVE
EAST BERLIN PA 17316-9229
11 SOUTH MARKET SQUARE STE IA
HARRISBURG PA 17101
717-233-1154
see FOR QUESTIONS ABOUT THIS STATEMENT: CONTACT YOUR BRANCH •••
STATUS OF KEY VALUES AS OF OCT_31_1995
Investments owned $157,300.00
Investments Short ($44,225.00)
Net Portfolio Value $113,075.00
Ending Cash Balance ($106,737.75)
TOTAL ACCOUNT VALUE $6,337.25
Change in Value from 09/95 ($5,523,53)
Margin Account Equity $6,337.00
Checkwriting or VISA Limit $139.28
ACCOUNT TRANSACTION SUMMARY
OPENING CASH BALANCE
Investment Sales
Total Credits
Investment Purchases
Margin Interest Charged
Total Debits
ENDING CASH BALANCE
($94,326.72)
$38,403.71
$38,403.71
($50,110.501
($704.24)
050,814.741
($106,737.75)
INVESTMENT-INCOME-SUMMARY RATE SUMMARY AS OF 10/31_
SOURCE OF INCOME CURRENT PERIOD YEAR TO DATE TEF Yield* 3.251
STF Yield* 4.911
Schwab 1 Yield 4.931
TOTAL INVESTMENT INCOME $.00 $.00 Margin Loan Rate 8.001
to 9.001
• 7 Day Annualized Yield.
Please see reverse for
more information.
MARGIN INTEREST CHARGED
1$704.241 ($4,267.87)
--------------*
PORTFOLIO POSITION DETAIL
S LONG/ QUOTE
CATEGORY T SHORT SYMBOL QUANTITY
STOCKS M Long KLIC 600
M Long COMB 2900
OPTIONS M Short WTHAJ 29
Net Portfolio Value
INVESTMENT DESCRIPTION
KULICKE i SOFFA IND INC
THREE COM CORP
CALL THREE COM CORP
$50 EXP 01/17/98
$113,075.00
LATEST
PRICE MARKET VALUE
35.0000 $21,000.00
47.0000 $136,300.00
15.2500 (344,225.00)
ACCOUNT-TRANSACTION-DETAIL
DATE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT
'•••• opening Cash Balance ($94,326.72)
10/02 Cover Short 09/29 15 CALL THREE COM CORP 19.0000 ($28,545.00)
$40.00 ADJ EXP 01/17/98
• • CONTINUED ON NEXT PAGE
(0 Clines sc"ba Co Inc rue Del more VWTA r New Yaot stock Exchance. Ine, am
ACCOUNT NUMBER TAX-ID-NUMBER -PERIOD-COVERED- LAST STATEMENT _PAGE_
HG 8074-5886 208-58-9350 OCT 1 - OCT 31 1995 SEP 1995 1
ACCOUNT TRANSACTION DETAIL
DATE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT
10/03 Short sale 10/02 15- CALL THREE COM CORP 12.2500 $16,329.38
10/10
Cover Short
10/09
3 $50 EXP 01/17/98
CALL MICRON TECHNOLOGY
11.6250
($3,517.50)
10/12
Sold
10/09
300- $120 EXP 01/17/98
MICRON TECHNOLOGY INC
67.0000
$20
074
33
10/23
10/30 Bought 10/16
Margin Interest 600 KULICXE i SOFFA IND INC
INTEREST 09/28THRU 10/29 30.0000 ,
.
($18,048.00)
Ending cash Balance $704,24)
(510 ,737.75)
INTEREST CALCULATION DETAIL FROM SEP_28 1995 THROUGH OCT 29 1995
NBR NET BALANCE CASH ACCT DEBIT MARKET VALUE BALANCE SUBJECT INTEREST
DATE DAYS MARGIN ACCOUNT OR FREE CREDIT OF SHORT SALES TO INTEREST RATE AMOUNT
09/28 32 (98,692.81) .00 .00 (99,024.62) 8.0001 ($704.24)
Margin Interest Charged ($704.24)
All balances are average daily balances
m CMtlnaefi baCa.Ina ece ommoec e.-. ren ....... ,.......... A1~. Nw Ynt a toll Eal A". kv-&M
ACCOUNT NUMBER TAX-ID-NUMBER -PERIOD-COVERED- LAST STATEMENT _PAGE_
HG 8074-5886 208-58-9350 OCT 1 - OCT 31 1995 SEP 1995 2
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SCHWAB ONE ACCOUNT Statement
ACCOUNT NUMBER TAX-ID-NUMBER _PERIOD _COVERED _ LAST STATEMENT _PAGE_
HG 8074-5886 208-58-9350 NOV 1 - NOV 30 1995 OCT 1995 1
TITLE OF ACCOUNT OFFICE-SERVING-YOUR-ACCOUNT
BRIAN J SHEAFFER
10 HINES DRIVE
EAST BERLIN PA 17316-9229
17 SOUTH MARKET SQUARE STE IA
HARRISBURG PA 17101
717-233-1154
••• FOR QUESTIONS ABOUT THIS STATEMENT: CONTACT YOUR BRANCH •••
STATUSOF KEY VALUES AS OF NOV 30 1995
Investments owned $132,675.00
Investments Short ($41,600.00)
Net Portfolio value $91,075.00
Ending Cash Balance ($92,671.76)
TOTAL ACCOUNT VALUE ($1,596.76)
Change in Value from 10/95 ($7,934.01)
Margin Account Equity $1,596.00
Checkwriting or VISA Limit S.00
INVESTMENT-INCOME-SUMMARY
SOURCE OF INCOME
ACCOUNT-TRANSACTION SUMMARY
OPENING CASH BALANCE
Investment Sales
Total Credits
Investment Purchases
Funds Withdrawn
Margin Interest Charged
Total Debits
ENDING CASH BALANCE
CURRENT PERIOD YEAR TO DATE
TOTAL INVESTMENT INCOME
$.00
$.00
MARGIN-INTEREST-CHARGED ($650.52) ($4,918.39)
PORTFOLIO POSITION DETAIL
($106,737.75)
$32,121.51
$32,121.51
($16,905.00)
($500.00)
($650.52)
018,055.521
($92,671.76)
RATE SUMMARY AS OF 11/30_
TEF Yield* 3.201
STF Yield* 4.931
Schwab 1 Yield 4.891
Margin Loan Rate 8.001
to 9.001
• 7 Day Annualized Yield.
Please see reverse for
more information.
S LONG/ QUOTE LATEST
CATEGORY T SHORT SYMBOL QUANTITY INVESTMENT DESCRIPTION PRICE MARKET VALUE
STOCKS M Long COMS 2900 THREE COM CORP 45.1500 $132
675.00
OPTIONS M Short WTHAJ 19 CALL THREE COM CORP 15.2500 ,
($28,975.00)
S50 EXP 01/17/98
M Short WTI= 10 CALL THREE COM CORP 12.6250 ($12,625.00)
$55 EXP 01/17/98
Net Portfolio Value $91,075.00
ACCOUNT TRANSACTION DETAIL
DATE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT
" ••' Opening Cash Balance ($106,737.75)
11/06 Sold 11/01 600- KULICKE i SOFFA IND INC 29.5000 $17,652.00
• CONTINUED ON NEXT PAGE
NN, Yak Sb* Euhwq ,kv- uq
m CauW BUrnO a Co.. Ins SEE REVERSE SIDE FOR STATEMENT INFORMATION dAM0nnn081 uail and anion. I m0
SCHWAB ONE ACCOUNT Statement
ACCOUNT-NUMBER TAX ZD NUMBER PERIOD
COVERED
_
_
_
LAST
STATEMENT ?
HG 8074-5886 208-58-9350 NOV 1 -
PApE
-
NOV 30 1998
OCT 1995 2
ACCOUNT-TRANSACTION-DETAIL
DATE TRANSACTION QUANTITY
DESCRIPTION
11/06
Cover short 11/03 10 PRICE AM OUNT
11/10
Short sale 11/09
10_ CALL THREE COM CORP 16.8750
$50
EXP 01/17/98
($16,905,00)
11/14
Funds Paid CALL THREE COM CORP 14.5000
EXP 01/17/98
$14,469.51
11/29 Margin Interest W/DRAWAL MARGIN FUNDS
INTEREST 10/30THRU 11/28 4500.00)
Ending Cash Balance 1 650,52)
($92,671.76)
INTEREST CALCULATION DETAIL_FROM OCT_30 1 995 THROUGH NOV 28
DATE NET
CASH
D YS 14ARGZ000NT OR FREECCREDITDEBIT 1995
SH
S
O
??
10/30
30 (97,251.03) ORT
OF
ALES T
INTTEREST
RATE
UNNTTST
Her in
All b .00
Interest Charged ($650
52)
00 (97,567.11) 8.0001
($650.52)
.
alances are average daily balances
m ChrMe arJnwo a CO.. Inc
SEE REVERSE SIDE FOR STATEMENT INFORMATION mwWw Now Vat 914 p.tm4K of w emnwt,tock ate ea-taliHet?
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Charles'khwab BROKERAGE ACCOUNT Statement
ACCOUNT-NUMBER TAX-ID-NUMBER -PERIOD-COVERED- LAST STATEMENT _PAGE_
HG 8074-5886 208-58-9350 DEC 1 - DEC 31 1995 NOV 1995 1
TITLE-OF-ACCOUNT OFFICE SERVING YOUR ACCOUNT
BRIAN J SHEAFFER 17 SOUTH MARKET SQUARE STE IA
10 HINES DRIVE HARRISBURG PA 17101
EAST BERLIN PA 17316-9229
717-233-1154
••• FOR QUESTIONS ABOUT THIS STATEMENT: CONTACT YOUR BRANCH •••
STATUS-OF-KEY-VALUES-AS-OF-DEC-31-1995
Net Portfolio Value $.00
Ending Cash Balance ($9,526.80)
TOTAL ACCOUNT VALUE ($9,526.80)
Change in Value from 11/95 ($7,930.04)
Margin Account Equity $311.00
Total Funds Available $.00
ACCOUNT TRANSACTION SUMMARY
OPENING CASH BALANCE
Investment Sales
Total Credits
Investment Purchases
Margin Interest Charged
Total Debits
ENDING CASH BALANCE
INVESTMENT-INCOME-SUMMARY
SOURCE OF INCOME CURRENT PERIOD YEAR TO DATE
TOTAL INVESTMENT INCOME
$.00
$.00
MARGIN-INTEREST-CHARGED ($310.75) ($5,229.14)
-------------------------------
ACCOUNT TRANSACTION DETAIL
----------------
DATE TRANSACTION QUANTITY DESCRIPTION PRICE AMOUNT
••••• Opening Cash Balance ($92,671.76)
12/04 Short Sale 12/01 7- CALL THREE COM CORP 13.3750 $9,332.18
$50 EXP 01/17/98
12/04 Cover Short 12/01 10 CALL THREE COM CORP 12.6250 ($12,655.00)
$55 EXP 01/17/90
12/06 Sold 12/01 300- THREE COM CORP 44.7500 $13,400.00
12/06 Short Sale 12/05 10- CALL THREE COM CORP 13.8750 $13,844.53
$45 EXP 01/17/98
12/06 Cover short 12/05 14 CALL THREE COM CORP 12.2500 ($17,192.00)
$50 EXP 01/17/98
12/07 Cover Short 12/06 10 CALL THREE COM CORP 11.6250 ($11,655.00)
$50 EXP 01/17/98
12/07 Cover short 12/06 2 CALL THREE COM CORP 11.6250 ($2,331.00)
$50 EXP 01/17/98
12/08 Cover short 12/07 10 CALL THREE COM CORP 11.5000 ($11,530.00)
$45 EXP 01/17/98
12/11 Sold 12/06 1200- THREE COM CORP 39.6250 $47,454.00
12/11 Sold 12/06 400- THREE COM CORP 41.0000 $16,368.00
• • • CONTINUED ON NEXT PAGE
Mwbw. N" York fork EadunN•, Inc. Wb
(D Chin" 6tlnnb a Co.. Inc. SEE REVERSE SIDE FOR STATEMENT INFORMATION ohm ork+dbW Work Wm eooon.+e anoerr
92671.
8,818.71)
$13
$138,816.71
055,363.001
($310.75)
($55,673.75)
($9,526.80)
RATE SUMMARY AS OF_12/31_
MMF Yield* 5.10%
TEF Yield* 3.921
GSF Yield* 5.011
STF Yield* 4.891
Schwab 1 Yield 4.891
Margin Loan Rate 7.751
to 8.751
• 7 Day Annualized Yield.
Please see reverse for
more information.
Charles'
BROKERAGE ACCOUNT Statement
ACCOUNT-NUMBER TAX-ID-NUMBER -PERIOD-COVERED- LAST STATEMENT _PAGE_
HG 8074-5886 208-58-9350 DEC 1 - DEC 31 1995 NOV 1995 2
ACCOUNT-TRANSACTION-DETAIL
DATE TRANSACTION QUANTITY DESCRIPTION PRICE )MOUNT
12/12
12/28 Sold 12/07 1000-
Margin Interest THREE COM CORP
INTEREST 11/29THRV 12/27 38.5000 $38.420.00
Ending Cash Balance ($310.75)
($9,526.80)
INTEREST CALCULATION DETAIL FROM NOV 29 1995 THROUGH DEC 27 1995
NBR NET BALANCE CASH ACCT DEBIT MARKET VALUE BALANCE SUBJECT INTEREST
DATE DAYS MARGIN ACCOUNT OR FREE CREDIT OF SHORT SALES TO INTEREST RATE AMOUNT
11/29
12/11 12 (95,662.01)
1 (2,304.01) .00 (98,069.62) 8.0001 ($261.55)
12/12 (38,420.00)
14 (9,216.05) 00 (47,897.55) 8.5001 ($11.31)
12/26 .00
2 (9,216.05) .00 (9,502.76) 9.0001 (333.27)
,00 (9,216.05) .00 (9,523.29) 8.7501 (414.62)
Margin Interest Chargad ($310.75)
All b alances are avarage daily balances
mawwadwoACo..Im SEE REVERSE SIDE FOR STATEMENT INFORMATION gip! eoNi Yo* 8100 sbek WW avow I
AMENDED AWARD
NASD Regulation, Inc.
CASE: 98-02728
Charles Schwab & Co., Inc., claimant vs. Brian J. Sheaffer, respondent.
ATTORNEYS:
For claimant appeared Linda A. Gallagher, Esq., - Chicago, IL.
Respondent appeared Pro Se. - East Berlin, PA.
DATE FILED: 7/29/98
CASE SUMMARY: Claimant alleged failure to meet margin maintenance requirements
resulting in debit balance in customer's account.
Claim Data
Claim: $9,216.05
Interest: $.00
Filing Fee: $875.00
Costs: $25.20
Award Data
Award: $9,216.05
Interest: $.00
Filing Fee: $575.00
Costs: $25.20
AWARD: The undersigned arbitrator has decided and determined in full and final resolution of
the issues submitted for determination as follows: 1) Respondent is liable and shall pay to the
claimant $9,216.05. 2) All other relief requests are denied. 3) The $575.00 filing fee
previously deposited with the National Association of Securities Dealers Regulation. Inc. by the
claimant, shall be retained by NASD Regulation, Inc. 4) Respondent is liable and shall pay to
the claimant $575.00 as reimbursement of the filing fee. 5) Respondent is liable and shall pay
to the claimant $25.20 as reimbursement of costs.
OTHER FEES: Pursuant to Rule 10333 of the Code, claimant Charles Schwab & Company, Inc.
has paid to NASD Regulation. Inc. the $300.00 Member Surcharge previously invoiced.
ARBITRATOR'S REPORT: Claimant's pending motion to compel is rendered moot.
Page Two
Award 98.02728
AFFIRMATION
I, Paul A. Yates, do hereby affirm, upon my oath as arbitrator that I am the individual described
herein who executed this instrument. which is my oath and award.
Paul A. Yates
February 7, 1999
Date of award
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(b) After a panel has been appointed no new
or different pleading may be filed except for a
responsive pleading as provided for in (a) above
or with the panel's consent.
/Amended eff. Oct. 1. 1984: Apr. 16. 1991.1
10329. Reopening of Hearings
Where permitted by applicable law, the hear-
ings may be reopened by the arbitrators on their
own motion or at the discretion of the arbitrators
upon application of a party at any time before the
award is rendered
10330. Awards
(a) All awards shall be in writing and signed
by a majority of the arbitrators or in such manner
as is required by applicable law. Such awards
may be entered as a judgment in any coup of
competent jurisdiction.
(b) Unless the applicable law directs other-
wise. all awards rendered pursuant to this Code
shall be deemed final and not subject to review or
appeal.
(c) The Director of Arbitration shall endeav-
or to serve a copy of the award: (1) by registered
or certified mail upon all parties, or their counsel.
at the address of record: or, (2) by personally
serving the award upon the parties: or. (3) by fil-
ing or delivering the award in such manner as
may be authorized by law.
(d)The arbitratons) shall endeavor to render
an award within thim, 130) business days from
the date the record is closed
(e) The award shall contain the names of the
parties, the name of counsel. if any. a summary
of the issues, including the typeis) of any security
or product. in controversy, the damages and other
relief requested the damages and other relief
awarded a statement of any other issues
resolved. the names of the arbitrators. the dates
the claim was filed and the award rendered. the
,lumber and dates of hearing sessions. the loca-
tion of the hearings. and the signatures of the
arbitrators concurring in the award
(f) All awards and their contents shall be
made publicly available.
(g) Fees and assessments imposed by the
arbitrators under Rules 10205 and 10332 shall be
paid immediately upon the receipt of the award
by the parties. Payment of such fees shall not be
deemed ratification of the award by the parties.
(h) All monetary awards shall be paid within
thirty (30) days of receipt unless a motion to
vacate has been filed with a court of competent
jurisdiction. An award shall bear interest from the
date of the award: (1) if not paid within thirty
(30) days of receipt. (2) if the award is the sub-
ject of a motion to vacate which is denied or (3)
as specified by the arbitrator s) in the award
Interest shall be assessed at the legal rate. if any.
then prevailing in the state where the award was
rendered. or at a rate set by the arbitrators).
/Amended e(f. blay 10. 1989: amended b+• SR-NASD-
91.09 eff. Apr. 26.1991: amended by SR-NASD-90-62
eff. Afav 7.1991: amended by SR•NASD.91.49 eff.
Ian 2, 1992: amended ejf. Oct. 1. 1993.1
10331. Incorporation by Reference
This Code shall be deemed a pan of and
incorporated by reference in every agreement to
arbitrate under the Rules of the Association
including a duly executed Submission
Agreement.
/Amended e ff 31av 7. 1991.1
10332. Schedule of Fees for
Customer Disputes
(a) At the time of filing a Claim.
Counterclaim. Third-Pam Claim or Cross-
4
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CHARLES SCHWAB & CO., INC. : IN THE COURT OF COMMON PLEAS OF
Plaintiff : CUMBERLAND COUNTY, PENNSYLVANIA
V. : CIVIL ACTION LAW
BRIAN SHEAFFER, : NO. 99-6232 CIVIL TERM
Defendant
TO THE PROTHONOTARY OF SAID COURT:
Please enter judgment in favor of the Plaintiff and against the Defendant, Brian
Shaeffer, In the above-captioned matter, pursuant to the Court Order of October 18, 1999
In the amount of $9,216.05 in principle, $600.20 in arbitration fees and costs and $434.75
In Interest from the date of the award on February 3, 1999 for a total judgment of
$10,251.00.
Date
Respectfully Submitted
TURO LAW OFFICES
Ron Turo, Esquire
32 South Bedford Street
Carlisle, PA 17013
(717) 245-9688
Attorney for Plaintiff
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CHARLES SCHWAB 8: CO., INC.
Plaintiff,
V.
BRIAN SHEAFFER,
Defendant
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
: NO. 04-4765 CIVIL TERM
PRAECIPE FOR ENTRY OF JUDGMENT
TO THE PROTHONOTARY:
Please enter judgment in favor of Plaintiff, Charles Schwab & Co., Inc.
and against Defendant, Brian Shaeffer in the amount of $13,039.17 ($10,251.00 In
principal plus interest of $2788.17 from the date of judgment on November 3, 1999 to
November 23, 2004). Defendants were served with Ten Day Notice on November 9,
2004. Answer has not been filed.
Plus interest from November 23, 2004 until paid, costs and expenses of the suit
and the costs of preserving the collateral and cost of this suit.
Respectfully Submitted
TURO LAW OFFICES
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Date
i and i ch, 'sq ire
28 South Pitt Street
Carlisle, PA 17013
(717) 245-9688
Attorney for Plaintiff
CHARLES SCHWAB & CO., INC.
Plaintiff
V.
BRIAN SHEAFFER
Defendant
TO: Brian Shaeffer
10 Hines Drive
East Berlin, PA 17316
DATE OF NOTICE: November 9, 2004
IN THE COURT OF COMMON
PLEAS OF
CUMBERLAND COUNTY,
PENNSYLVANIA
CIVIL ACTION LAW
NO. 044765 CIVIL TERM
IMPORTANT NOTICE
YOU ARE IN DEFAULT BECAUSE YOU HAVE FAILED TO TAKE ACTION
REQUIRED OF YOU IN THIS CASE. UNLESS YOU ACT WITHIN TEN (10) DAYS
FROM THE DATE OF THIS NOTICE, A JUDGMENT MAY BE ENTERED AGAINST
YOU WITHOUT A HEARING AND YOU MAY LOSE YOUR PROPERTY OR OTHER
IMPORTANT RIGHTS. YOU SHOULD TAKE THIS NOTICE TO A LAWYER AT ONCE.
IF YOU DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR
TELEPHONE THE FOLLOWING OFFICE TO FIND OUT WHERE YOU CAN GET
LEGAL HELP.
Cumberland County Bar Association
2 Liberty Avenue
Carlisle, PA 17013
(717) 249-3166
Dale
Re" spec tfully
TUROLAW
IA ,
Ron Pro, Esquire
28 South Pitt Street
\Carlisle, PA 17013
(7L 245-9688
Attorney for Plaintiff
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CHARLES SCHWAB Et CO., INC.
Plaintiff,
V.
BRIAN SHEAFFER,
Defendant
IN THE COURT OF COMMON PLEAS OF
CUMBERLAND COUNTY, PENNSYLVANIA
: NO. 04-4765 CIVIL TERM
e - 603Z2 PRAECIPE FOR ENTRY OI= JUDGMENT
TO THE PROTHONOTARY:
Please enter judgment in favor of Plaintiff, Charles Schwab & Co., Inc.
and against Defendant, Brian Sheaffer in the amount of $13,039.17 ($10,251.00 in'?
principal plus interest of $2788.17 from the date of judgment on November 3, 1999 to
November 23, 2004). Defendants were served with Ten Day Notice on November 9,
2004. Answer has not been filed.
Plus interest from November 23, 2004 until paid, costs and expenses of the suit
and the costs of preserving the collateral and cost of this suit.
lvzr4' Z'#
Date
Respectfully Submitted
TURO LAVV OFFICES
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i and ch, sgwre
28 South Pitt Street
Carlisle, PA 17013
(717) 245-9688
Attorney for Plaintiff
CHARLES SCHWAB & CO., INC. : IN THE COURT OF COMMON
PLEAS OF
Plaintiff : CUMBERLAND COUNTY, PENNSYLVANIA
V.
CIVIL ACTION LAW
BRIAN SHEAFFER : NO. 04-476.5) CIVIL TERM
Defendant
TO: Brian Sheaffer
10 Hines Drive
East Berlin, PA 17316
DATE OF NOTICE: November 9, 2004
IMPORTANT NOTICE
YOU ARE IN DEFAULT BECAUSE YOU HAVE FAILED TO TAKE ACTION
REQUIRED OF YOU IN THIS CASE. UNLESS YOU ACT WITHIN TEN (10) DAYS
FROM THE DATE OF THIS NOTICE, A JUDGME14T MAY BE ENTERED AGAINST
YOU WITHOUT A HEARING AND YOU MAY LOST- YOUR PROPERTY OR OTHER
IMPORTANT RIGHTS. YOU SHOULD TAKE THIS NOTICE TO A LAWYER AT ONCE.
IF YOU DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR
TELEPHONE THE FOLLOWING OFFICE TO FIND OUT WHERE YOU CAN GET
LEGAL HELP.
Cumberland County Bar Association
2 Liberty Avenue
Carlisle, PA 17013
(717) 249-3166
It q 0 ty
R`esp ' `fUROrullySubm
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Ron -o, Esquire
28 S h Pitt Street
`kCarlisle, PA 17013
?TJZ) -245-9688
Attorney for Plaintiff
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