X0202 4 2006-05-22 0001123541 PENSON WORLDWIDE INC PNSN 0001188456 DREW JOHN C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 1 0 1 1 Disclaims 13(g) group status 0001197937 KIMBALL RICK C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 0 0 1 1 Disclaims 13(g) group status 0001082906 HOAG JAY C C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 0 0 1 1 Disclaims 13(g) group status 0001188444 REYNOLDS JON Q JR C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 0 0 1 1 Disclaims 13(g) group status 0001188458 GRIFFITH WILLIAM C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 0 0 1 1 Disclaims 13(g) group status 0001211137 FEINBERG HENRY C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 0 0 1 1 Disclaims 13(g) group status 0001283643 TECHNOLOGY CROSSOVER MANAGEMENT V LLC C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 0 0 1 1 Disclaims 13(g) group status 0001274664 TCV V LP C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 0 0 1 1 Disclaims 13(g) group status 0001283642 TCV MEMBER FUND L P C/O TECHNOLOGY CROSSOVER VENTURES 528 RAMONA STREET PALO ALTO CA 94301 0 0 0 1 GP of fund owns <10% Common Stock 2006-05-22 4 C 0 2608049 A 2608049 I TCV V, L.P. Common Stock 2006-05-22 4 C 0 49263 A 49263 I TCV Member Fund, L.P. Common Stock 2006-05-22 4 C 0 671094 A 3279143 I TCV V, L.P. Common Stock 2006-05-22 4 C 0 12900 A 62163 I TCV Member Fund, L.P. Common Stock 2006-05-22 4 J 0 181520 A 3460663 I TCV V, L.P. Common Stock 2006-05-22 4 J 0 3437 A 65600 I TCV Member Fund, L.P. Common Stock 2006-05-22 4 P 0 306449 17.00 A 3767112 I TCV V, L.P. Common Stock 2006-05-22 4 P 0 6051 17.00 A 71651 I TCV Member Fund, L.P. Series A Preferred Stock 2006-05-22 4 C 0 6259319 D Common Stock 2608049 0 I TCV V, L.P. Series A Preferred Stock 2006-05-22 4 C 0 118232 D Common Stock 49263 0 I TCV Member Fund, L.P. Series B Preferred Stock 2006-05-22 4 C 0 2211120 D Common Stock 671094 0 I TCV V, L.P. Series B Preferred Stock 2006-05-22 4 C 0 42503 D Common Stcok 12900 0 I TCV IV Member Fund, L.P. Each outstanding share of the Issuer's Series A Preferred Stock automatically converted into 0.4167 shares of the Issuer's Common Stock upon the closing of the initial public offering of the Issuer's Common Stock ("IPO"). Each outstanding share of the Issuer's Series B Preferred Stock automatically converted into 0.3035 shares of the Issuer's Common Stock pursuant to the application of a conversion price adjustment based upon the IPO price. The holders of Series A Preferred Stock and Series B Prefered Stock received payment of accrued and unpaid dividends in Common Stock (with such Common Stock valued at the IPO price) upon the closing of the Issuer's IPO. These shares are directly held by TCV V, L.P. Each of John L. Drew ("Drew"), Jay C. Hoag ("Hoag"), Richard H. Kimball ("Kimball"), Jon Q. Reynolds, Jr. ("Reynolds"), William J.G. Griffith IV ("Griffith") and Henry J. Feinberg ("Feinberg") (collectively the "TCM Members") are Class A members of Technology Crossover Management V, L.L.C. ("TCM V") which is a general partner of TCV V, L.P. The TCM Members and TCM V may be deemed to beneficially own the shares held by TCV V, L.P. but the TCM Members and TCM V disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein. These shares are directly held by TCV Member Fund, L.P. Each of the TCM Members are members of TCM V which is a general partner of TCV Member Fund, L.P. The TCM Members and TCM V may be deemed to beneficially own the shares held by TCV Member Fund, L.P. but the TCM Members and TCM V disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein. Not applicable. Immediately. Carla S. Newell Authorized signatory for John L. Drew 2006-05-22 Carla S. Newell Authorized signatory for Richard H. Kimball 2006-05-22 Carla S. Newell Authorized signatory for Jay C. Hoag 2006-05-22 Carla S. Newell Authorized signatory for Jon Q. Reynolds Jr. 2006-05-22 Carla S. Newell Authorized signatory for William J.G. Griffith IV 2006-05-22 Carla S. Newell Authorized signatory for Henry J. Feinberg 2006-05-22 Carla S. Newell Authorized signatory for Technology Crossover Management V, L.L.C. 2006-05-22 Carla S. Newell Authorized signatory for TCV V, L.P. 2006-05-22 Carla S. Newell Authorized signatory for TCV V Member Fund, L.P. 2006-05-22