NASDAQ | SEC Filing

Filing Date: 7/8/2009 Form Type: 8-K HTML

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

July 8, 2009

LEHMAN BROTHERS HOLDINGS INC.

(Exact name of registrant as specified in its charter)

Delaware 1-9466 13-3216325

(State or other jurisdiction (Commission (IRS Employer
Of incorporation) File Number) Identification No.)

1271 Avenue of the Americas

New York, New York
10020
(Address of Principal Executive Offices)
(Zip Code)

Registrant’s telephone number, including area code:

(212) 526-7000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01 Regulation FD Disclosure.

As previously disclosed, on September 15, 2008, Lehman Brothers Holdings Inc. (the “Registrant”) filed a voluntary petition for relief under
Chapter 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the
“Court”) in a jointly administered proceeding named In re Lehman Brothers Holdings Inc., et. al. under Case Number 08-13555 (the “Chapter 11
Proceeding”). As further disclosed previously, certain of the Registrant’s subsidiaries (collectively with the Registrant, the “Debtors”) have also
filed proceedings under Chapter 11 of the Bankruptcy Code. The Debtors’ Chapter 11 cases have been consolidated for procedural purposes only

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and are being jointly administered pursuant to Rule 101(b) of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”) and the Debtors
continue to operate as debtors-in-possession pursuant to sections 1107(a) and 1108 of the Bankruptcy Code.

On July 8, 2009, the Debtors filed with the Court a Monthly Operating Report (the “Monthly Operating Report”). A copy of the Monthly Operating
Report for the Debtors is attached hereto as Exhibit 99.1. This Current Report (including the Exhibits hereto) will not be deemed an admission as to
the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.

Limitation on Incorporation by Reference

In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such
information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth
by specific reference in such a filing.

Cautionary Statements Regarding Financial and Operating Data

The Registrant cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating
Report, as it was not prepared for the purpose of providing the basis for an investment decision relating to any of the securities of any of the
Debtors, or any other affiliate of the Registrant. The Monthly Operating Report is not prepared in accordance with U.S. generally accepted
accounting principles, was not audited or reviewed by independent accountants, will not be subject to audit or review by the Registrant’s external
auditors at any time in the future, is in a format consistent with applicable bankruptcy laws, and is subject to future adjustment and reconciliation.
There can be no assurances that, from the perspective of an investor or potential investor in the Registrant’s securities, the Monthly Operating
Report is accurate or complete. The Monthly Operating Report contains a further description of limitations on the information contained therein.
The Monthly Operating Report also contains information for periods which are shorter or otherwise different from those required in the Registrant’s
reports pursuant to the Exchange Act, and such information might not be indicative of the Registrant’s financial condition or operating results for
the period that would be reflected in the Registrant’s financial statements or in its reports pursuant to the Exchange Act. Results set forth in the
Monthly Operating Report should not be viewed as indicative of future results.

Cautionary Statement Regarding Forward-Looking Statements

This Current Report on Form 8-K and Exhibit 99.1 hereto may contain forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 with respect to the Registrant’s financial condition, results of operations, and business that is not historical
information. As a

general matter, forward-looking statements are those focused upon future or anticipated events or trends and expectations and beliefs relating to
matters that are not historical in nature. The words “believe,” “expect,” “plan,” “intend,” “estimate,” or “anticipate” and similar expressions, as well
as future or conditional verbs such as “will,” “should,” “would,” and “could,” often identify forward-looking statements. The Registrant believes
there is a reasonable basis for its expectations and beliefs, but they are inherently uncertain, and the Registrant may not realize its expectations and
its beliefs may not prove correct. The Registrant undertakes no obligation to publicly update or revise any forward-looking statement, whether as a
result of new information, future events, or otherwise. The Registrant’s actual results and future financial condition may differ materially from
those described or implied by any such forward-looking statements as a result of many factors that may be outside the Registrant’s control. Such
factors include, without limitation: (i) the ability of the Registrant to develop, prosecute, confirm, and consummate its plan of liquidation with
respect to the Chapter 11 Proceeding or any other plan of reorganization or liquidation; (ii) the Registrant’s ability to obtain Court approval with
respect to motions in the Chapter 11 Proceeding; (iii) risks associated with third parties seeking and obtaining court approval for the appointment of
a Chapter 11 trustee; and (iv) the potential adverse impact of the Chapter 11 Proceeding on the Registrant’s liquidity or results of operations. This
list is not intended to be exhaustive.

The Registrant’s informational filings with the Court, including this Monthly Operating Report, are available to the public at the office of the Clerk
of the Bankruptcy Court, Alexander Hamilton Custom House, One Bowling Green, New York, New York 10004-1408. Such informational filings
may be available electronically, for a fee, through the Court’s Internet world wide web site (www.nysb.uscourts.gov), and/or free of cost, at a world
wide web site maintained by the Registrant’s Court-approved noticing agent (www.lehman-docket.com).

ITEM 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Lehman Brothers Holdings Inc. – Monthly Operating Report filed with the Bankruptcy Court on July 8, 2009

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.

LEHMAN BROTHERS HOLDINGS INC.

Date: July 8, 2009 By: /s/ William J. Fox

Name: William J. Fox
Title: Chief Financial Officer and Executive Vice President

EXHIBIT INDEX

Exhibit No. Description

99.1 Lehman Brothers Holdings Inc. – Monthly Operating Report filed with the Bankruptcy Court on July 8, 2009

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Exhibit 99.1

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF NEW YORK

In re: Chapter 11 Case No.

Lehman Brothers Holdings Inc., et al., 08-13555

Debtors.

MONTHLY OPERATING REPORT

MAY AND JUNE 2009

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

SCHEDULE OF PROFESSIONAL FEE DISBURSEMENTS

DEBTORS’ ADDRESS: LEHMAN BROTHERS HOLDINGS INC.

c/o WILLIAM J. FOX
1271 AVENUE OF THE AMERICAS
35 th FLOOR
NEW YORK, NY 10020

DEBTORS’ ATTORNEYS: WEIL, GOTSHAL & MANGES LLP

c/o SHAI WAISMAN
767 FIFTH AVENUE
NEW YORK, NY 10153

REPORT PREPARER: LEHMAN BROTHERS HOLDINGS INC., A DEBTOR IN POSSESSION (IN THE SOUTHERN
DISTRICT OF NEW YORK)

THIS OPERATING STATEMENT MUST BE SIGNED BY A REPRESENTATIVE OF THE DEBTOR

The undersigned, having reviewed the attached report and being familiar with the Debtors’ financial affairs, verifies under penalty of perjury, that
the information contained therein is complete, accurate and truthful to the best of my knowledge.

Lehman Brothers Holdings Inc.

By: /s/ William J. Fox

William J. Fox
Executive Vice President

Indicate if this is an amended statement by checking here: AMENDED STATEMENT o

TABLE OF CONTENTS

Schedule of Debtors 3

LBHI and Debtor Subsidiaries

Basis of Presentation – Schedule of Cash Receipts and Disbursements 4
Schedule of Cash Receipts and Disbursements – May 5
Schedule of Cash Receipts and Disbursements – June 6

LBHI
Basis of Presentation – Schedule of Professional Fee Disbursements 7

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Schedule of Professional Fee Disbursements 8

SCHEDULE OF DEBTORS

The following entities have filed for bankruptcy in the Southern District of New York:

Case No. Date Filed

Lead Debtor:
Lehman Brothers Holdings Inc. (“LBHI”) 08-13555 9/15/2008

Related Debtors:
LB 745 LLC 08-13600 9/16/2008
PAMI Statler Arms LLC(1) 08-13664 9/23/2008
Lehman Brothers Commodity Services Inc. 08-13885 10/3/2008
Lehman Brothers Special Financing Inc. 08-13888 10/3/2008
Lehman Brothers OTC Derivatives Inc. 08-13893 10/3/2008
Lehman Brothers Derivative Products Inc. 08-13899 10/5/2008
Lehman Commercial Paper Inc. 08-13900 10/5/2008
Lehman Brothers Commercial Corporation 08-13901 10/5/2008
Lehman Brothers Financial Products Inc. 08-13902 10/5/2008
Lehman Scottish Finance L.P. 08-13904 10/5/2008
CES Aviation LLC 08-13905 10/5/2008
CES Aviation V LLC 08-13906 10/5/2008
CES Aviation IX LLC 08-13907 10/5/2008
East Dover Limited 08-13908 10/5/2008
Luxembourg Residential Properties Loan Finance S.a.r.l 09-10108 1/7/2009
BNC Mortgage LLC 09-10137 1/9/2009
LB Rose Ranch LLC 09-10560 2/9/2009
Structured Asset Securities Corporation 09-10558 2/9/2009
LB 2080 Kalakaua Owners LLC 09-12516 4/23/2009

(1) On May 26, 2009, a motion was filed on behalf of Lehman Brothers Holdings Inc. seeking entry of an order pursuant to Section 1112(b) of the
Bankruptcy Code to dismiss the Chapter 11 Case of PAMI Statler Arms LLC. On June 19 th , 2009, notice was filed stating that the previously
scheduled hearing for this motion, originally slated for June 24, 2009, was to be adjourned without date

LEHMAN BROTHERS HOLDINGS INC., (“LBHI”), AND OTHER DEBTOR SUBSIDIARIES

BASIS OF PRESENTATION
SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS
FOR MAY AND JUNE 2009

The information and data included in this Report are derived from sources available to Lehman Brothers Holdings Inc. (the “Company”) and its
other subsidiaries that have filed proceedings under Chapter 11 of the Bankruptcy Code (collectively, the “Debtors” or the “Estate”). The Debtors’
chapter 11 cases have been consolidated for procedural purposes only and are being jointly administered pursuant to Rule 101(b) of the Federal
Rules of Bankruptcy Procedure (the “Bankruptcy Rules”). The Debtors have prepared this presentation, as required by the Office of the United
States Trustee, based on the information available to The Debtors at this time, but note that such information may be incomplete and may be
materially deficient in certain respects. This MOR is not meant to be relied upon as a complete description of the Debtors, their business, condition
(financial or otherwise), results of operations, prospects, assets or liabilities. The Debtors reserve all rights to revise this report.

1. This MOR is not prepared in accordance with U.S. generally accepted accounting principles (GAAP). This MOR should be read in
conjunction with the financial statements and accompanying notes in the Company’s annual and quarterly reports that were filed with the
United States Securities and Exchange Commission.

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2. This MOR is not audited and will not be subject to audit or review by the Company’s external auditors at any time in the future.

3. The cash flows presented in this report only include activity for bank accounts that are managed and reconciled by Lehman North
American operations. Cash flows related to the Debtors’ bank accounts that were previously managed and reconciled by Lehman European
and Asian operations are excluded from this report.

4. The beginning and ending balances include cash in demand-deposit accounts (DDA), money-market funds (MMF), and other short-
term investments.

5. Intercompany transfers between Lehman entities are listed as disbursements for the paying entity and receipts for the receiving entity.

6. The following Debtors have not been included as Debtors in this MOR Report:

a. PAMI Statler Arms LLC (“PAMI”) — Books and records for PAMI are maintained separately and not in a manner similar to the
majority of the Company’s subsidiaries. This entity does not maintain a separate cash account.

b. Lehman Brothers Finance SA (“LBF”) — Subsequent to its bankruptcy filing on October 3, 2008, LBF became subject to an
insolvency proceeding in Switzerland.

c. Fundo de Investimento Multimercado Credito Privado Navigator Investimento — Motion was granted on February 24, 2009 to
dismiss the Chapter 11 case of this entity.

LEHMAN BROTHERS HOLDINGS INC. and Other Debtor Subsidiaries

Schedule of Cash Receipts and Disbursements (a)
May 1, 2009 - May 31, 2009

Unaudited ($ in millions)

Beginning Ending
Filing Cash FX Cash
Legal Entity Date (5/1/09) (b) Receipts Transfers (c) Disbursements (d) Fluctuation (e) (5/31/09) (f)
Lehman Brothers Holdings Inc. 9/15/2008 $ 2,570 $ 185 $ 20 $ (110)(g) $ 1 $ 2,666
LB 745 LLC 9/16/2008 — — — — — —
Lehman Brothers Special Financing Inc. (“LBSF”) 10/3/2008 2,679 460 — — 1 3,139
Lehman Brothers Commodity Services Inc. 10/3/2008 862 51 — — — 913
Lehman Brothers OTC Derivatives Inc 10/3/2008 163 7 — — — 171
Lehman Commercial Paper Inc. (“LCPI”) 10/5/2008 1,780 432 — (310)(h) 5 1,907
Lehman Brothers Commercial Corporation
(“LBCC”) 10/5/2008 399 1 — (4)(i) — 396
Lehman Brothers Derivative Products Inc. (“LBDP”) 10/5/2008 387 — — — — 387
Lehman Brothers Financial Products Inc 10/5/2008 438 1 — — — 439
CES Aviation LLC 10/5/2008 — — — — — —
CES Aviation V LLC 10/5/2008 — — — — — —
CES Aviation IX LLC 10/5/2008 — — — — — —
East Dover Limited 10/5/2008 — — — — — —
Lehman Scottish Finance L.P. 10/5/2008 2 — — — — 2
Luxembourg Residential Properties Loan Finance 1/7/2009 — — — — — —
BNC Mortgage LLC 1/9/2009 — — — — — —
LB Rose Ranch LLC 2/9/2009 1 1 — — — 2
Structured Asset Securities Corporation (“SASCO”) 2/9/2009 — — — — — —
LB 2080 Kalakaua Owners LLC 4/23/2009 — — — — — —
Total Debtor Cash Flows $ 9,281 $ 1,138 $ 20 $ (424) $ 7 $ 10,022
Non-Debtor Cash Balances 1,161 1,060
Total Debtor and Non-Debtor Cash Balances $ 10,442 $ 11,082

Notes:
(a) Represents cash flows for bank accounts managed and reconciled by Lehman US operations. Foreign currency cash flows are reflected in
USD equivalents.
(b) Beginning cash balance restated from April closing balance by ($5) million for LBSF.
(c) Reflects transfers from bank accounts in Europe to the US.
(d) Subsidaries of LBHI have incurred operating expenses and professional fees which have been paid by LBHI. These expenses will be charged
back to debtor and non-debtor entities based on the direct costs associated with each entity and an allocation methodology which was recently
developed.

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(e) Reflects fluctuation in value in foreign currency bank accounts.

(f) Ending cash balances include cash associated with pledged assets, court order segregated accounts, and other identified funds which may not
belong to the Debtors or non-Debtor subsidiaries. These amounts are preliminarily estimated to be $1.6 billion (LBHI $274 million, LCPI
$913 million, LBSF $363 million, LBCC $2 million, LBDP $3 million, and Non-Debtors $61 million), and are subject to adjustment.
(g) Reflects ordinary course outflows and other court approved disbursements.
(h) LCPI, in its capacity as loan agreement agent, makes pass-along disbursements of principal and interest to loan syndicate participants.
(i) $4 million returned to counterparty for a wire transfer sent to LBCC in error in October 2008.

LEHMAN BROTHERS HOLDINGS INC. and Other Debtor Subsidiaries

Schedule of Cash Receipts and Disbursements (a)
June 1, 2009 - June 30, 2009

Unaudited ($ in millions)

Beginning Ending
Filing Cash FX Hedging Cash
Transfers Disbursements Fluctuation Fluctuation
Legal Entity Date (6/1/09) Receipts (b) (c) (d) (e) (6/30/09) (f)
Lehman Brothers
Holdings Inc. 9/15/2008 $ 2,666 $ 681(g) $ 188 $ (602)(h) $ 6 $ — $ 2,939
LB 745 LLC 9/16/2008 — — — — — — —
Lehman Brothers
Special Financing Inc.
(“LBSF”) 10/3/2008 3,139 570 — (153) 1 18 3,575
Lehman Brothers
Commodity Services
Inc. (“LBCS”) 10/3/2008 913 23 — (10) — — 926
Lehman Brothers OTC
Derivatives Inc
(“LOTC”) 10/3/2008 171 2 — (8) — — 165
Lehman Commercial
Paper Inc. (“LCPI”) 10/5/2008 1,907 1,106 — (730)(i) 1 — 2,284
Lehman Brothers
Commercial
Corporation (“LBCC”) 10/5/2008 396 23 — (8) — — 411
Lehman Brothers
Derivative Products
Inc. (“LBDP”) 10/5/2008 387 — — (3) — — 384
Lehman Brothers
Financial Products Inc
(“LBFP”) 10/5/2008 439 — — (2) — — 437
CES Aviation LLC 10/5/2008 — — — — — — —
CES Aviation V LLC 10/5/2008 — — — — — — —
CES Aviation IX LLC 10/5/2008 — — — — — — —
East Dover Limited 10/5/2008 — — — — — — —
Lehman Scottish
Finance L.P. 10/5/2008 2 — — — — — 2
Luxembourg
Residential Properties
Loan Finance 1/7/2009 — — — — — — —
BNC Mortgage LLC 1/9/2009 — — — — — — —
LB Rose Ranch LLC 2/9/2009 2 — — — — — 2
Structured Asset
Securities Corporation
(“SASCO”) 2/9/2009 — — — — — — —
LB 2080 Kalakaua
Owners LLC 4/23/2009 — — — — — — —

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Total Debtor Cash

Flows $ 10,022 $ 2,404 $ 188 $ (1,516) $ 8 $ 18 $ 11,125
Non-Debtor Cash
Balances 1,060 1,094
Total Debtor and Non-
Debtor Cash Balances $ 11,082 $ 12,219

Notes:
(a) Represents cash flows for bank accounts managed and reconciled by Lehman US operations. Foreign currency cash flows are reflected in USD
equivalents.
(b) Reflects transfers from bank accounts in Europe to the US.
(c) $300 million was disbursed from subsidiaries of LBHI to reimburse LBHI for estimated operating expenses and professional fees which had been
paid by LBHI and are subject to adjustment and true-up (LBSF $146 million, LCPI $57 million, LBCS $10 million, LBCC $8 million, LOTC $8
million, LBDP $3 million, LBFP $2 million, and Non-Debtors $66 million).
(d) Reflects fluctuation in value in foreign currency bank accounts.
(e) Reflects fluctuation in value of futures accounts from gain or loss on court approved hedging activity.
(f) Ending cash balances include cash associated with pledged assets, court order segregated accounts, and other identified funds which may not
belong to the Debtors or non-Debtor subsidiaries. These amounts are preliminarily estimated to be $1.9 billion (LBHI $274 million, LCPI $1.2
billion, LBSF $380 million, LBCC $2 million, LBDP $3 million, and Non-Debtors $77 million), and are subject to adjustment.
(g) $300 million of receipts for LBHI relates to reimbursements from subsidiaries for estimated operating expenses and professional fees which had
been paid by LBHI, and are subject to adjustement and true-up.
(h) Reflects ordinary course outflows and other court approved disbursements.
(i) LCPI, in its capacity as loan agreement agent, makes pass-along disbursements of principal and interest to loan syndicate participants.

LEHMAN BROTHERS HOLDINGS INC. (“LBHI”)

BASIS OF PRESENTATION
SCHEDULE OF PROFESSIONAL FEE DISBURSEMENTS
DATED FROM FILING DATE TO JUNE 30, 2009

The information and data included in this Report are derived from internal systems maintained by Lehman Brothers Holdings Inc. (the
“Company”). The Company, and its other subsidiaries that have filed proceedings under Chapter 11 of the Bankruptcy Code (collectively, the
“Debtors” or the “Estate”), have had their chapter 11 cases consolidated for procedural purposes only and are being jointly administered pursuant to
Rule 101(b) of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”). The Debtors have prepared this presentation, as required by
the Office of the United States Trustee, based on information from the Debtors internal systems, but note that such information may be incomplete
in certain respects and the Debtors reserve all rights to revise this report. This MOR is not meant to be relied upon as a complete description of the
Debtors, their business, condition (financial or otherwise), results of operations, prospects, assets or liabilities.

7. This MOR is not prepared in accordance with U.S. generally accepted accounting principles (GAAP). This MOR should be read in
conjunction with the financial statements and accompanying notes in the Company’s annual and quarterly reports that were filed with the
United States Securities and Exchange Commission.

8. This MOR is not audited and will not be subject to audit or review by the Company’s external auditors at any time in the future.

9. The professional fee disbursements presented in this report reflect the date of actual cash payments to professional service providers.
The Debtors have incurred additional professional fee expenses during the reporting period that will be reflected in future MORs as cash
payments are made to providers.

LEHMAN BROTHERS HOLDINGS INC.

Schedule of Professional Fee Disbursements (a)
May and June 2009
Unaudited ($ in thousands)

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Filing Date
May-09 Jun-09 Through Jun-09 (b)
Debtors - Section 363 Professionals
Alvarez & Marsal LLC Interim Management $ 18,921 $ 18,787 $ 114,984
Kelly Matthew Wright Art Consultant and Auctioneer — 12 30
Natixis Capital Markets Inc. Derivatives Consultant — 1,432 4,910
Debtors - Section 327 Professionals
Bortstein Legal LLC Special Counsel - IT Contracts and
Transition Services Agreement — 709 1,338
Curtis, Mallet-Prevost, Colt & Mosle Special Counsel - Conflicts
LLP — 1,895 6,399
Ernst & Young LLP Special Counsel - Audit and Tax Services — 117 591
Huron Consulting Special Counsel - Tax Services 154 145 464
Jones Day Special Counsel - Asia — 1,610 2,919
Lazard Freres & Co. Special Counsel - Investment Banking
Advisor — 660 6,974
McKee Nelson LLP Special Counsel - Tax — 1,335 3,993
McKenna Long & Aldridge LLP Special Counsel - Commercial Real Estate
Lending — 656 1,473
Reilly Pozner LLP Special Counsel - Mortgage Litigation and
Claims — 218 733
Simpson Thacher & Bartlett LLP Special Counsel - SEC Reporting, Asset
Sales, and Congressional Testimony 16 69 1,248
Weil Gotshal & Manges LLP Lead Counsel 8,321 9,844 63,746
Debtors - Claims and Noticing Agent
Epiq Bankruptcy Solutions LLC Claims Management and Noticing Agent — 1,233 2,039
Creditors - Section 327 Professionals
FTI Consulting Inc. Financial Advisor 1,283 2,925 8,566
Houlihan Lokey Howard & Zukin Investment Banking Advisor
Capital Inc. 415 340 3,116
Milbank Tweed Hadley & McCloy Lead Counsel
LLP 2,672 4,166 17,246
Quinn Emanuel Urquhart Oliver & Special Counsel - Conflicts
Hedges LLP 367 177 2,289
Examiner - Section 327 Professionals
Duff & Phelps LLC Financial Advisor 2,620 2,130 4,750
Jenner & Block LLP Lead Counsel — 4,882 6,703
Total Non-Ordinary Course
Professionals 34,769 53,344 254,509
Debtors - Ordinary Course
Professionals 1,191 2,222 7,906
US Trustee Quarterly Fees — 85 224
Total Professional Fees and UST Fees $ 35,960 $ 55,651 $ 262,639

(a) All professional fees have been paid by LBHI; however, a portion has been charged back to debtor and non-debtor subsidaries based on the
direct costs associated with each entity and an allocation methodology which was recently developed.
(b) The figures reflected in this table represent cash disbursements from LBHI’s filing date through the end of June 2009 and do not include
holdback amounts required by court order for non-Ordinary Course Professionals. The figures do not include accruals.

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