D.C. Capital Advisors’s ARCH COAL, INC. ACI Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-400,000	Closed	-$120K	–	29
2016 Q2	$120K	Hold	400,000	–	–	0.07%	27
2016 Q1	$122K	Hold	400,000	–	–	0.08%	20
2015 Q4	$395K	Sell	400,000 -100,000	-20%	-$98.8K	0.27%	19
2015 Q3	$1.65M	Sell	500,000 -4,500,000	-90%	-$14.9M	1.05%	17
2015 Q2	$1.7M	Hold	5,000,000	–	–	0.98%	13
2015 Q1	$5M	Hold	5,000,000	–	–	2.69%	11
2014 Q4	$8.9M	Hold	5,000,000	–	–	4.2%	6
2014 Q3	$10.6M	Hold	5,000,000	–	–	4.58%	7
2014 Q2	$18.3M	Hold	5,000,000	–	–	7.16%	3
2014 Q1	$24.1M	Hold	5,000,000	–	–	9.52%	3
2013 Q4	$22.3M	Buy	5,000,000 +1,000,000	+25%	+$4.45M	9.19%	4
2013 Q3	$16.4M	Buy	4,000,000 +1,000,000	+33%	+$4.11M	6.59%	7
2013 Q2	$11.3M	Buy	+3,000,000	New	+$11.3M	5.41%	9