Capstone Investment Advisors’s Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) GOL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2013 Q3	–	Sell	-58,850	Closed	-$394K	–	251
2013 Q2	$394K	Buy	+58,850	New	+$394K	﹤0.01%	85