EJF Capital’s Zions Bancorporation N.A. Warrants ZIONW Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-1,000,000	Closed	-$18.8M	–	114
2017 Q4	$18.8M	Hold	1,000,000	–	–	1.51%	18
2017 Q3	$15.2M	Hold	1,000,000	–	–	1.58%	23
2017 Q2	$12.9M	Hold	1,000,000	–	–	1.09%	33
2017 Q1	$11.5M	Hold	1,000,000	–	–	0.82%	45
2016 Q4	$11.8M	Sell	1,000,000 -998,500	-50%	-$7.74M	0.88%	40
2016 Q3	$8.09M	Hold	1,998,500	–	–	0.71%	50
2016 Q2	$4.32M	Hold	1,998,500	–	–	0.41%	64
2016 Q1	$4.74M	Hold	1,998,500	–	–	0.48%	63
2015 Q4	$6.78M	Buy	1,998,500 +425,000	+27%	+$1.58M	0.49%	52
2015 Q3	$5.67M	Hold	1,573,500	–	–	0.28%	63
2015 Q2	$8.5M	Hold	1,573,500	–	–	0.35%	49
2015 Q1	$6.04M	Buy	1,573,500 +209,463	+15%	+$728K	0.24%	66
2014 Q4	$5.52M	Hold	1,364,037	–	–	0.23%	62
2014 Q3	$6.96M	Buy	1,364,037 +364,037	+36%	+$1.9M	0.33%	50
2014 Q2	$5.26M	Buy	+1,000,000	New	+$5.58M	0.24%	71