QUANTUMONLINE.COM SECURITY DESCRIPTION:  Lehman Brothers Holdings, 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series P, liquidation preference $1000 per share, and with no stated maturity. Non-cumulative distributions of 7.25% ($72.50) per annum are paid quarterly on 1/1, 4/1, 7/1 & 10/1 to holders of record on the record date which is the close of business on the 15th day of the month preceding the month in which the dividend payment date is scheduled (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. Dividends paid by the preferred are eligible for the 15% tax rate on dividends under normal holding restrictions and are also eligible for the dividends received deduction for corporate holders (see page S-43 of the prospectus for further information). The preferred shares are convertible any time at the holder's option into 20.0509 common shares of lehman Brothers Holdings Inc. (NYSE: LEH), an initial conversion price of $49.87 per common share. On or after 4/1/2013, if the price of the common stock exceeds 130% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, force the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conv Shrs Conv Price	Distribution Dates	15% Tax Rate
OTOTCn OTOTCps	7.25% $72.5	$1,000.00 n.a.	4/01/2013 None	WR NF 10/03/2012	20.0509 $49.87	Suspended! 1/1, 4/1, 7/1 & 10/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

Notes:  3/6/12 -- Plan of bankruptcy effective - all shares have been cancelled per the Other OTC on 3/6/2012. ____________ September 15, 2008 -- Lehman Brothers Holdings Inc. (LBHI) stated that it has filed a petition under Chapter 11 of the U.S. Bankruptcy Code with the United States Bankruptcy Court for the Southern District of New York. None of the broker-dealer subsidiaries or other subsidiaries of LBHI was included in the Chapter 11 filing and all of the U.S. registered broker-dealers will continue to operate.

Company's Online Information Links

HOME PAGE:     http://www.lehman.com/
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Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

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Company's Email Address Links

Inv Rel Email Address	sbutler@lehman.com
General Email Address	inquiry@lehman.com
Email Contact Form on Website	Go to Email Form

Address and Phone Numbers

Address:   745 Seventh Avenue, 15th Floor, New York, NY 10019
Main Phone Number	212-526-7000
Fax Number	212-526-3738
Investor Relations   Shaun K. Butler	212-526-3267
Toll Free Phone Number	800-666-2388

CEO - Richard S. Fuld, Jr.

CFO - Erin M. Callan