Message-ID: <26100860.1075857696578.JavaMail.evans@thyme> Date: Mon, 16 Apr 2001 11:32:14 -0700 (PDT) From: lavorato@enron.com To: clay.t.blakley@ca.pwcglobal.com Subject: RE: Information Regardfing your Tax Returns Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Lavorato, John X-To: '@ENRON' X-cc: X-bcc: X-Folder: \jlavora\Sent Items X-Origin: Lavorado-J X-FileName: jlavora.pst sounds good -----Original Message----- From: @ENRON [mailto:IMCEANOTES-+3Cclay+2Et+2Eblakley+40ca+2Epwcglobal+2Ecom+3E+40ENRON@ENRON.com] Sent: Monday, April 16, 2001 11:56 AM To: Lavorato, John Subject: RE: Information Regardfing your Tax Returns John, Here is the calculation of the 487,856. The taxable benefit from the option was 537,672 - 153,174 = 384,498. We then allocated a portion of the benefit to work days in Canada between the grant date of August 11, 1997 and the exercise date November 30, 2000. The ratio of Canadian days to total worked out to be 645/755. We then calculated the Canadian portion (645/755 * 384,498) which was 328,478. Then converted it to Canadian dollars (1.4852 * 328,478) which equaled 487,856. Hopefully this explanation answers your question. Clay Blakley PWC ---------------------------------------------------------------- The information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any computer.