Steve,

Thanks for the dinner and chance to meet everyone Friday. It actually was a pleasure to talk with Nancy (rare, I think for an interview situation).

I'm sorry to say I'm still in a holding pattern. There are a couple of bits of information I still need to process, but I thought I would email you with some initial numbers. I'd also like to confirm my understanding of Duke's compensation program.

Base Salary: $150K-$175K/year

LTI: 100% of base salary paid out in options that vest 1/3 every year.

Performance Incentive: 2X to 6X base salary.

No contract. Full relocation package.

This is what I recall from the interview. If I'm wrong, I'd appreciate clarification.

Regardless of what happens, I appreciate your time and consideration. I should be able to come to a decision next week.

Thanks,

Sean