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If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
The Volatility Swaps are volatility swaps over the $5 Par Common Stock of PNC Financial Services Group, Inc. (the "Common Stock"). The Volatility Swaps are neither convertible nor exercisable, and were entered into on February, 7, 2013 (with respect to 12,500 Shares), February 19, 2013 (with respect to 30,000 Shares) and May 2, 2013 (with respect to 30,000 Shares). |
(2) |
The Volatility Swaps have been entered into by each of Blue Mountain Credit Alternatives Master Fund L.P. ("BMCA"), BlueMountain Equity Alternatives Master Fund L.P. ("BMEA") and BlueMountain Timberline Ltd. ("Timberline"). Mr. Feldstein has an indirect pecuniary interest in the Volatility Swaps through his ownership of (i) limited partnership interests in Blue Mountain Credit Alternatives Fund L.P., which in turn owns limited partnership interests in BMCA, (ii) limited partnership interests in BlueMountain Equity Alternatives Fund L.P., which in turn owns a limited partnership interests in BMEA, (iii) membership interests in BlueMountain Timberline Onshore, LLC which in turn owns shares of Timberline, and (iv) membership interests in BlueMountain GP Holdings, LLC, the sole beneficial owner of the general partners of each of BMCA and BMEA. |